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BNI Burlington Northern Santa FE Corp.

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Share Name Share Symbol Market Type
Burlington Northern Santa FE Corp. NYSE:BNI NYSE Ordinary Share
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -

- Statement of Changes in Beneficial Ownership (4)

17/02/2010 10:04pm

Edgar (US Regulatory)


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
Expires: February 28, 2011
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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(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

HUND THOMAS N
2. Issuer Name and Ticker or Trading Symbol

BURLINGTON NORTHERN SANTA FE, LLC [ BNI ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
Executive VP and CFO
(Last)          (First)          (Middle)

BURLINGTON NORTHERN SANTA FE CORPORATION, 2650 LOU MENK DRIVE
3. Date of Earliest Transaction (MM/DD/YYYY)

2/12/2010
(Street)

FORT WORTH, TX 76131-2830
(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, $0.01 par value   2/12/2010     D    188816   D   (1) 33202   D    
Common Stock, $0.01 par value   2/12/2010     D    33202   D   (2) 0   D    
Common Stock, $0.01 par value   2/12/2010     D    63112   D   (1) 0   I   By GRAT  
Common Stock, $0.01 par value   2/12/2010     D    250   D   (1) 0   I   By son  
Common Stock, $0.01 par value   2/12/2010     D    250   D   (1) 0   I   By daughter  

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
Stock Option (Right to Buy)   $32.72   2/12/2010     D         44746      (3) 4/29/2014   Common Stock, $0.01 par value   44746     (3) 0   D    
Stock Option (Right to Buy)   $32.72   2/12/2010     D         3054      (4) 4/29/2014   Common Stock, $0.01 par value   3054     (4) 0   D    
Stock Option (Right to Buy)   $47.1833   2/12/2010     D         61200      (5) 1/1/2015   Common Stock, $0.01 par value   61200     (5) 0   D    
Stock Option (Right to Buy)   $49.21   2/12/2010     D         2031      (6) 5/2/2015   Common Stock, $0.01 par value   2031     (6) 0   D    
Stock Option (Right to Buy)   $49.21   2/12/2010     D         36269      (7) 5/2/2015   Common Stock, $0.01 par value   36269     (7) 0   D    
Stock Option (Right to Buy)   $76.2050   2/12/2010     D         28603    7/26/2006   4/25/2011   Common Stock, $0.01 par value   28603     (8) 0   D    
Stock Option (Right to Buy)   $76.2050   2/12/2010     D         1311    7/26/2006   4/25/2011   Common Stock, $0.01 par value   1311     (9) 0   D    
Stock Option (Right to Buy)   $80.17   2/12/2010     D         1245      (10) 4/27/2016   Common Stock, $0.01 par value   1245     (10) 0   D    
Stock Option (Right to Buy)   $80.17   2/12/2010     D         30755      (11) 4/27/2016   Common Stock, $0.01 par value   30755     (11) 0   D    
Stock Option (Right to Buy)   $82.545   2/12/2010     D         17812    8/20/2007   4/25/2012   Common Stock, $0.01 par value   17812     (12) 0   D    
Stock Option (Right to Buy)   $82.545   2/12/2010     D         1211    8/20/2007   4/25/2012   Common Stock, $0.01 par value   1211     (13) 0   D    
Stock Option (Right to Buy)   $82.545   2/12/2010     D         1210    8/20/2007   4/24/2013   Common Stock, $0.01 par value   1210     (14) 0   D    
Stock Option (Right to Buy))   $88.77   2/12/2010     D         35200      (15) 4/26/2017   Common Stock, $0.01 par value   35200     (15) 0   D    
Stock Option (Right to Buy)   $105.23   2/12/2010     D         46160      (16) 5/1/2018   Common Stock, $0.01 par value   46160     (16) 0   D    
Stock Option (Right to Buy)   $64.97   2/12/2010     D         66730      (17) 4/27/2019   Common Stock, $0.01 par value   66730     (17) 0   D    
Stock Option (Right to Buy)   $77.67   2/12/2010     D         17913    1/28/2010   1/1/2013   Common Stock, $0.01 par value   17913     (18) 0   D    
Stock Option (Right to Buy)   $77.67   2/12/2010     D         15422    1/28/2010   4/24/2013   Common Stock, $0.01 par value   15422     (19) 0   D    

Explanation of Responses:
( 1)  Disposed of pursuant to merger agreement between issuer and Berkshire Hathaway Inc. in exchange for either Berkshire Hathaway Inc. shares or cash, as elected.
( 2)  Restricted stock units payable in common stock. These units were converted into restricted stock units payable in Berkshire Hathaway Inc. Class B common stock in connection with the merger.
( 3)  This option was converted into an option to purchase 60,041 shares of Berkshire Hathaway Inc. Class B common stock at an exercise price of $24.39 pursuant to the merger agreement between issuer and Berkshire Hathaway Inc. The option vested in three annual installments on April 29, 2005, April 29, 2006 and April 29, 2007.
( 4)  This option was converted into an option to purchase 4,097 shares of Berkshire Hathaway Inc. Class B common stock at an exercise price of $24.39 pursuant to the merger agreement between issuer and Berkshire Hathaway Inc. The option vested in three annual installments on April 29, 2005, April 29, 2006 and April 29, 2007.
( 5)  This option was converted into an option to purchase 82,119 shares of Berkshire Hathaway Inc. Class B common stock at an exercise price of $35.17 pursuant to the merger agreement between issuer and Berkshire Hathaway Inc. The option vested in three annual installments on January 1, 2006, January 1, 2007 and January 1, 2008.
( 6)  This option was converted into an option to purchase 2,725 shares of Berkshire Hathaway Inc. Class B common stock at an exercise price of $36.68 pursuant to the merger agreement between issuer and Berkshire Hathaway Inc. The option vested in three annual installments on May 2, 2006, May 2, 2007 and May 2, 2008.
( 7)  This option was converted into an option to purchase 48,666 shares of Berkshire Hathaway Inc. Class B common stock at an exercise price of $36.68 pursuant to the merger agreement between issuer and Berkshire Hathaway Inc. The option vested in three annual installments on May 2, 2006, May 2, 2007 and May 2, 2008.
( 8)  This option was converted into an option to purchase 38,380 shares of Berkshire Hathaway Inc. Class B common stock at an exercise price of $56.80 pursuant to the merger agreement between issuer and Berkshire Hathaway Inc.
( 9)  This option was converted into an option to purchase 1,759 shares of Berkshire Hathaway Inc. Class B common stock at an exercise price of $56.80 pursuant to the merger agreement between issuer and Berkshire Hathaway Inc.
( 10)  This option was converted into an option to purchase 1,670 shares of Berkshire Hathaway Inc. Class B common stock at an exercise price of $59.75 pursuant to the merger agreement between issuer and Berkshire Hathaway Inc. The option vested in three annual installments on April 27, 2007, April 27, 2008 and April 27, 2009.
( 11)  This option was converted into an option to purchase 41,267 shares of Berkshire Hathaway Inc. Class B common stock at an exercise price of $59.75 pursuant to the merger agreement between issuer and Berkshire Hathaway Inc. The option vested in three annual installments on April 27, 2007, April 27, 2008 and April 27, 2009.
( 12)  This option was converted into an option to purchase 23,900 shares of Berkshire Hathaway Inc. Class B common stock at an exercise price of $61.52 pursuant to the merger agreement between issuer and Berkshire Hathaway Inc.
( 13)  This option was converted into an option to purchase 1,624 shares of Berkshire Hathaway Inc. Class B common stock at an exercise price of $61.52 pursuant to the merger agreement between issuer and Berkshire Hathaway Inc.
( 14)  This option was converted into an option to purchase 1,623 shares of Berkshire Hathaway Inc. Class B common stock at an exercise price of $61.52 pursuant to the merger agreement between issuer and Berkshire Hathaway Inc.
( 15)  This option was converted into an option to purchase 47,232 shares of Berkshire Hathaway Inc. Class B common stock at an exercise price of $66.16 pursuant to the merger agreement between issuer and Berkshire Hathaway Inc. The option is exercisable in three annual installments. The first two installments became exercisable on April 26, 2008 and April 26, 2009, and the remaining installment will become exercisable on April 26, 2010.
( 16)  This option was converted into an option to purchase 61,938 shares of Berkshire Hathaway Inc. Class B common stock at an exercise price of $78.43 pursuant to the merger agreement between issuer and Berkshire Hathaway Inc. The option is exercisable in three annual installments. The first installment became exercisable on May 1, 2009, and the remaining two will become exercisable on May 1, 2010 and May 1, 2011.
( 17)  This option was converted into an option to purchase 89,539 shares of Berkshire Hathaway Inc. Class B common stock at an exercise price of $48.42 pursuant to the merger agreement between issuer and Berkshire Hathaway Inc. The option will vest in three annual installments on April 27, 2010, April 27, 2011 and April 27, 2012.
( 18)  This option was converted into an option to purchase 24,036 shares of Berkshire Hathaway Inc. Class B common stock at an exercise price of $57.89 pursuant to the merger agreement between issuer and Berkshire Hathaway Inc.
( 19)  This option was converted into an option to purchase 20,693 shares of Berkshire Hathaway Inc. Class B common stock at an exercise price of $57.89 pursuant to the merger agreement between issuer and Berkshire Hathaway Inc.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
HUND THOMAS N
BURLINGTON NORTHERN SANTA FE CORPORATION
2650 LOU MENK DRIVE
FORT WORTH, TX 76131-2830


Executive VP and CFO

Signatures
/s/ Thomas N. Hund, by Jeffrey T. Williams, Attorney-in-Fact 2/17/2010
** 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).
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.

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