FORM 4
[X] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response... 0.5                       
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Earhart Cynthia C		 2. Issuer Name and Ticker or Trading Symbol

NORFOLK SOUTHERN CORP [ NSC ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
Exec. VP Finance and CFO
(Last)          (First)          (Middle)

THREE COMMERCIAL PLACE		 3. Date of Earliest Transaction (MM/DD/YYYY)

10/30/2019
(Street)

NORFOLK, VA 23510
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
 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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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)
Code V Amount (A) or (D) Price
Common Stock  10/30/2019    M(1)    1061.0000  A $94.1700  1995.0000  D   
Common Stock  10/30/2019    M(1)    959.0000  A $104.2300  2954.0000  D   
Common Stock  10/30/2019    F    545.0000  D $183.6194  2409.0000  D   
Common Stock  10/30/2019    F    545.0000  D $183.6194  1864.0000  D   
Common Stock                 61797.0000  I  By Revocable Trust 
Common Stock                 327.0000 (2) I  Owned by a person whose ownership may be attributed to the Executive Officer 

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Option (right to buy, granted 2014)  $94.1700  10/30/2019    M (1)       1061.0000 (1)  1/23/2018  1/22/2024  Common Stock  1061.0000   (1) 11829.0000  D   
Option (right to buy, granted 2015)  $104.2300  10/30/2019    M (1)       959.0000 (1)  1/27/2019  1/26/2025  Common Stock  959.0000   (1) 12301.0000  D   

Explanation of Responses:
(1)  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).
(2)  The number of shares increased from 322 to 327 shares of Common Stock. The shares were acquired by a member of the reporting person's household as a result of participating in a dividend reinvestment plan.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Earhart Cynthia C
THREE COMMERCIAL PLACE
NORFOLK, VA 23510

Exec. VP Finance and CFO

Signatures
Denise W. Hutson via P.O.A. for Cynthia C. Earhart 11/1/2019
**Signature of Reporting Person Date


Norfolk Southern (NYSE:NSC)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Norfolk Southern Charts.
Norfolk Southern (NYSE:NSC)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Norfolk Southern Charts.
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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....