(The Associated Press circulated the following on May 17.)
NORFOLK, Va. — The executive vice president for administration of railroad company Norfolk Southern Corp. exercised options for 95,700 shares of common stock, according to a Securities and Exchange Commission filing Wednesday.
In a Form 4 filed with the SEC, John P. Rathbone reported he exercised options for the shares Tuesday for $15.48 to $22.49 apiece, and then sold all of them for $55.50 to $55.59 apiece.
Insiders file Form 4s with the SEC to report transactions in their companies’ shares. Open market purchases and sales must be reported within two business days of the transaction.
Norfolk Southern is based in Norfolk, Va.