SEC Form 4

FORM 4		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 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* RICKERSHAUSER PETER J (Last) (First) (Middle) BURLINGTON NORTHERN SANTA FE CORPORATION 2650 LOU MENK DRIVE (Street) FORT WORTH TX 76131-2830 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol BURLINGTON NORTHERN SANTA FE CORP [ BNI ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) Other (specify below) VP - Network Development
	3. Date of Earliest Transaction (Month/Day/Year) 05/08/2007
	4. If Amendment, Date of Original Filed (Month/Day/Year)	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. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	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, $0.01 par value	05/08/2007		M		5,618	A	$27.97	34,686	D
Common Stock, $0.01 par value	05/08/2007		M		3,357	A	$27.55	38,043	D
Common Stock, $0.01 par value	05/08/2007		M		1,227	A	$68.75	39,270	D
Common Stock, $0.01 par value	05/08/2007		M		191	A	$81.245	39,461	D
Common Stock, $0.01 par value	05/08/2007		S		10,393	D	$92	29,068	D
Common Stock, $0.01 par value								3,195	I	Indirect by 401(k)

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 (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	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 (Month/Day/Year)		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: 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
Employee Stock Option (Right to Buy)(1)	$27.97	05/08/2007		M			5,618	(2)	04/24/2013	Common Stock, $0.01 par value	5,618	$0	0	D
Employee Stock Option (Right to Buy)(1)	$27.55	05/08/2007		M			3,357	04/25/2005	04/25/2012	Common Stock, $0.01 par value	3,357	$0	0	D
Employee Stock Option (Right to Buy)(1)	$68.75	05/08/2007		M			1,227	06/21/2006	01/14/2008	Common Stock, $0.01 par value	1,227	$0	0	D
Employee Stock Option (Right to Buy)(1)	$81.245	05/08/2007		M			191	08/22/2006	01/14/2008	Common Stock, $0.01 par value	191	$0	0	D

Explanation of Responses:

1. Employee Stock Option (Right to Buy) with tandem withholding rights.

2. The options vested in two equal installments on 04/24/2005 and 04/24/2006.

	/s/ Peter J. Richershauser, by Judy K. Carter, Attorney-in-Fact	05/10/2007
	** 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).
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