X0306 4 2017-01-26 0000702165 NORFOLK SOUTHERN CORP NSC 0001691311 Galanko William Andrew THREE COMMERCIAL PLACE NORFOLK VA 23510 1 SVP - Law and Corp. Comm. Common Stock 2017-01-26 4 A 0 1092.0000 0.0000 A 17898.3240 D Common Stock 2017-01-26 4 M 0 950.0000 0 A 18848.3240 D Common Stock 2017-01-26 4 F 0 358.0000 120.2450 D 18490.3240 D Common Stock 2017-01-26 4 F 0 383.0000 120.2450 D 18107.3240 D Option (right to buy, granted 2017) 120.2500 2017-01-26 4 A 0 3980.0000 A 2021-01-26 2027-01-25 Common Stock 3980.0000 3980.0000 D Restricted Stock Units 2017-01-26 4 M 0 950.0000 0.0000 D 2017-01-26 2017-01-26 Common Stock 950.0000 0.0000 D Restricted Stock Units 2017-01-26 4 A 0 1040.0000 A 2022-01-26 2022-01-26 Common Stock 1040.0000 1040.0000 D Represents shares earned by the reporting person under the formula-based performance share feature of the Corporation's Long-Term Incentive Plan (a Rule 16b-3 plan) Represents shares earned by the reporting person that were originally granted as restricted stock units on January 26, 2012, under the Corporation's Long-Term Incentive Plan (a Rule 16b-3 plan). Reports the grant to the reporting person of an option to purchase shares of common stock under the Norfolk Southern Corporation Long-Term Incentive Plan (a 16b-3 plan). Reports the number of Restricted Stock Units, exempt under Section 16(b), granted and credited to the account of the reporting person on January 26, 2017, under the terms of the Norfolk Southern Corporation Long-Term Incentive Plan. Each Unit is the economic equivalent of one share of Common Stock. These Units ultimately will be settled in Common Stock on January 26, 2022. Denise W. Hutson via P.O.A for William A. Galanko 2017-01-30