(The Associated Press circulated the following on December 17.)
WASHINGTON, D.C. — The senior vice president of energy and properties of railroad shipper Norfolk Southern Corp. exercised options for 6,068 shares of common stock, according to a Securities and Exchange Commission filing.
In a Form 4 filed Thursday with the SEC, Daniel D. Smith reported he exercised the options Tuesday for $34.10 apiece and then sold all 6,068 shares on the same day for $52.83 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.