Sec Form 4 Filing - RENKEN STEPHEN P @ NORFOLK SOUTHERN CORP - 2004-01-01

Insider filing report for Changes in Beneficial Ownership
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
FORM 4
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
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Expires: November 30, 2011
Estimated average burden hours per response... 0.5
1. Name and Address of Reporting Person
RENKEN STEPHEN P
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)
Former V.P. - Chief Info. Off.
(Last) (First) (Middle)
99 SPRING STREET
3. Date of Earliest Transaction (MM/DD/YY)
01/01/2004
(Street)
ATLANTA, GA30303
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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)
Code V Amount (A) or (D) Price
Common Stock 18,350 D( 1 )
Common Stock 140 I( 2 ) Wife, Diane B. Renken
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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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
Stock Units (Deferred) ( 3 ) 01/02/2004( 3 ) D 3,705.2938( 3 ) 01/02/2004 01/02/2004 Common Stock 3,705.2938( 3 ) ( 3 ) 0 D
Restricted Stock Units ( 4 ) 01/02/2004( 4 ) D 8,000( 4 ) 01/02/2004 01/02/2004 Common Stock 8,000( 4 ) ( 4 ) 0 D
Options ( 5 ) ( 5 ) ( 5 ) Common Stock ( 5 ) 210,000( 5 ) D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
RENKEN STEPHEN P
99 SPRING STREET
ATLANTA, GA30303
Former V.P. - Chief Info. Off.
Signatures
D. M. Martin, via P.O.A. for Stephen P. Renken 01/05/2004
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The Reporting Person retired effective January 1, 2004. He had no non-exempt transaction in the six months prior to his retirement date and has no obligation hereafter to file Form 4. He no longer is subject to the "profit"-recovery provisions of Section 16 of the Securities Exchange Act.
( 2 )Held by wife, Diane B. Renken. The inclusion of these shares in this report shall not be construed as an admission the reporting person is the beneficial owner of these shares.
( 3 )Reports cash payment to the reporting person of deferred stock units under the Long-Term incentive Plan (a Rule 16b-3 plan) based on the Fair Market Value of the Common Stock on January 2, 2003 ($23.785 per share).
( 4 )Reports cash payment to the reporting person to satisfy Restricted Stock Units, exempt under rule 16b-3, granted and cretited to the account of the reporting person under the terms of the Norfolk Southern Corporation Restricted Stock Unit Plan. Settlement of the Units is based on the Fair Market Value of the Common Stock on January 2, 2004 ($23.785 per share).
( 5 )Reports shares beneficially owned by the reporting person as of January 1, 2004, the date the reporting person retired. Includes options to purchase 210,000 shares of common stock under the Norfolk Southern Corporation Long-Term Incentive Plan (a Rule 16b-3 plan) granted at various times and at various exercise prices, as previously reported.

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 Number.