X0306 4 2019-02-12 0000702165 NORFOLK SOUTHERN CORP NSC 0001654459 Wheeler Michael Joseph THREE COMMERCIAL PLACE NORFOLK VA 23510 1 EVP & Chief Operating Officer Common Stock 2019-02-12 4 M 0 1761.0000 104.2300 A 19724.0000 D Common Stock 2019-02-12 4 S 0 4761.0000 180.2346 D 14963.0000 D Common Stock 29.5318 I By 401k Option (right to buy, granted 2015) 104.2300 2019-02-12 4 M 0 1761.0000 D 2019-01-27 2025-01-26 Common Stock 1761.0000 959.0000 D Reflects exercise and resulting cancellation of stock option, in a single transaction, exempt from Section 16(b). The stock option was granted under the Long-Term Incentive Plan (a Rule 16b-3 plan). The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $180.21 to $180.28, inclusive. Represents the approximate number of whole shares of Common Stock estimated -- on the basis of the unit accounting system used by the Plan Administrator -- as of February 12, 2019, to have been credited to the reporting person's account in the Norfolk Southern Corporation Thrift and Investment Plan (TIP), a trusted 401(k) plan. In accordance with TIP's terms applicable to all participants, acquisitions were made at various times and at various prices. Denise W. Hutson via P.O.A. for Michael J. Wheeler 2019-02-14