SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

MORELAND JEFFREY R

(Last)

(First)

(Middle)

BURLINGTON NORTHERN SANTA FE CORPORATION

2650 LOU MENK DRIVE

(Street)

FORT WORTH

76131-2830

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
BURLINGTON NORTHERN SANTA FE CORP [ BNI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	EVP Law Govt Affairs and Secy

3. Date of Earliest Transaction (Month/Day/Year)
03/22/2006

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock, $0.01 par value	03/22/2006		M		46,371	A	$27.55	295,935	D
Common Stock, $0.01 par value	03/22/2006		F		16,034	D	$79.68	279,901	D
Common Stock, $0.01 par value	03/22/2006		F		11,057	D	$79.68	268,844	D
Common Stock, $0.01 par value	03/22/2006		M		19,350	A	$28.49	288,194	D
Common Stock, $0.01 par value	03/22/2006		F		6,919	D	$79.68	281,275	D
Common Stock, $0.01 par value	03/22/2006		F		4,531	D	$79.68	276,744	D
Common Stock, $0.01 par value	03/22/2006		M		20,700	A	$28.79	297,444	D
Common Stock, $0.01 par value	03/22/2006		F		7,480	D	$79.68	289,964	D
Common Stock, $0.01 par value	03/22/2006		F		4,818	D	$79.68	285,146	D
Common Stock, $0.01 par value	03/22/2006		M		26,100	A	$26.2	311,246	D
Common Stock, $0.01 par value	03/22/2006		F		8,583	D	$79.68	302,663	D
Common Stock, $0.01 par value	03/22/2006		F		6,384	D	$79.68	296,279	D
Common Stock, $0.01 par value	03/22/2006		M		71,955	A	$32.84	368,234	D
Common Stock, $0.01 par value	03/22/2006		F		29,658	D	$79.68	338,576	D
Common Stock, $0.01 par value	03/22/2006		F		15,417	D	$79.68	323,159	D
Common Stock, $0.01 par value	03/22/2006		M		68,059	A	$29.04	391,218	D
Common Stock, $0.01 par value	03/22/2006		F		24,806	D	$79.68	366,412	D
Common Stock, $0.01 par value	03/22/2006		F		15,765	D	$79.68	350,647	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Employee Stock Option (Right to Buy)⁽¹⁾	$79.68	03/22/2006		J⁽²⁾		16,034		09/22/2006	04/25/2012	$0.01 par value common stock	16,034	$0	16,034	D
Employee Stock Option (Right to Buy)⁽¹⁾	$27.55	03/22/2006		M			46,371	⁽³⁾	04/25/2012	$0.01 par value common stock	46,371	$0	0	D
Employee Stock Option (Right to Buy)⁽¹⁾	$79.68	03/22/2006		J⁽²⁾		6,919		09/22/2006	01/01/2011	$0.01 par value common stock	6,919	$0	6,919	D
Employee Stock Option (Right to Buy)⁽¹⁾	$28.49	03/22/2006		M			19,350	01/01/2004	01/01/2011	$0.01 par value common stock	19,350	$0	0	D
Employee Stock Option (Right to Buy)⁽¹⁾	$79.68	03/22/2006		J⁽²⁾		7,480		09/22/2006	01/01/2012	$0.01 par value common stock	7,480	$0	7,480	D
Employee Stock Option (Right to Buy)⁽¹⁾	$28.79	03/22/2006		M			20,700	01/01/2005	01/01/2012	$0.01 par value common stock	20,700	$0	0	D
Employee Stock Option (Right to Buy)⁽¹⁾	$79.68	03/22/2006		J⁽²⁾		8,583		09/22/2006	01/01/2013	$0.01 par value common stock	8,583	$0	8,583	D
Employee Stock Option (Right to Buy)⁽¹⁾	$26.2	03/22/2006		M			26,100	01/01/2006	01/01/2013	$0.01 par value common stock	26,100	$0	0	D
Employee Stock Option (Right to Buy)⁽¹⁾	$79.68	03/22/2006		J⁽²⁾		29,658		09/22/2006	01/20/2009	$0.01 par value common stock	29,658	$0	29,658	D
Employee Stock Option (Right to Buy)⁽¹⁾	$32.84	03/22/2006		M			71,955	01/20/2000	01/20/2009	$0.01 par value common stock	71,955	$0	0	D
Employee Stock Option (Right to Buy)⁽¹⁾	$79.68	03/22/2006		J⁽²⁾		24,806		09/22/2006	04/25/2011	$0.01 par value common stock	24,806	$0	24,806	D
Employee Stock Option (Right to Buy)⁽¹⁾	$29.04	03/22/2006		M			68,059	⁽⁴⁾	04/25/2011	$0.01 par value common stock	68,059	$0	0	D

Explanation of Responses:

1. Employee Stock Option (Right to Buy) with tandem withholding rights.

2. Grant of an option in a transaction exempt under Rule 16b-3, based upon use of shares to pay option exercise price.

3. The options are part of a grant of options vesting in three equal installments on 04/25/2003, 04/25/2004 and 04/25/2005.

4. 22,687 options vested on 04/25/2002, 22,686 options vested on 04/25/2003 and 22,686 options vested on 04/25/2004.

	Jeffrey R. Moreland by Jeffrey T. Williams, Attorney-in-Fact	03/24/2006
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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