-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, VNGxGShxWqiZnyA71+p7/cZSsqMvtXznbDQ95Tr/lE8M8UHqqq/CivgLVxO63sUK OQt1Q1QxqGvbW04rgPc6rw== 0000898822-96-000533.txt : 19961204 0000898822-96-000533.hdr.sgml : 19961204 ACCESSION NUMBER: 0000898822-96-000533 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19961203 SROS: NYSE SROS: PHLX SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CONRAIL INC CENTRAL INDEX KEY: 0000897732 STANDARD INDUSTRIAL CLASSIFICATION: RAILROADS, LINE-HAUL OPERATING [4011] IRS NUMBER: 232728514 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-12184 FILM NUMBER: 96675341 BUSINESS ADDRESS: STREET 1: TWO COMMERCE SQ STREET 2: P O BOX 41417 CITY: PHILADELPHIA STATE: PA ZIP: 19101-1417 BUSINESS PHONE: 2152094434 MAIL ADDRESS: STREET 1: P.O. BOX 41429 STREET 2: 2001 MARKET STREET CITY: PHILADELPHIA STATE: PA ZIP: 19101-1429 COMPANY DATA: COMPANY CONFORMED NAME: CSX CORP CENTRAL INDEX KEY: 0000277948 STANDARD INDUSTRIAL CLASSIFICATION: RAILROADS, LINE-HAUL OPERATING [4011] OWNER IRS NUMBER: 621051971 STATE OF INCORPORATION: VA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 BUSINESS ADDRESS: STREET 1: ONE JAMES CNTR STREET 2: 901 E CARY ST CITY: RICHMOND STATE: VA ZIP: 23219 BUSINESS PHONE: 8047821400 4 1 U.S. SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. FORM 4 ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP ( ) Check box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instructions 1(b). 1. Name and Address of Reporting Person CSX Corporation One James Center 901 East Cary Street Richmond, Virginia 23219-4031 USA 2. Issuer Name and Ticker or Trading Symbol Conrail Inc. CRR 3. IRS or Social Security Number of Reporting Person (Voluntary) 62-1051971 4. Statement for Month/Year 11/96 5. If Amendment, Date of Original (Month/Year) 6. Relationship of Reporting Person to Issuer (Check all applicable) ( ) Director (X) 10% Owner ( ) Officer (give title below) ( ) Other (specify below)
___________________________________________________________________________________________________________________________________ Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ___________________________________________________________________________________________________________________________________| 1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect | | Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership | | | | | Beneficially |(D)or | | | | | | | A/| | Owned at |Indir | | | Date |Code|V| Amount | D | Price | End of Year |ect(I)| | ___________________________________________________________________________________________________________________________________| Common Stock |11/21/|P,Z | |17,860,124 |A |$110.00 |17,860,124 |I (See|(See Note 1 below.) | |96 | | | | | | |Note 1| | below.) - -----------------------------------------------------------------------------------------------------------------------------------| Common Stock |11/21/| | |(See Note 2 below.| | | | | | |96 | | |) | | | | | | - -----------------------------------------------------------------------------------------------------------------------------------| ___________________________________________________________________________________________________________________________________| ___________________________________________________________________________________________________________________________________ Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned | ___________________________________________________________________________________________________________________________________| 1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of| Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect | |or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial | |cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership | |Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | | |Deriva- | | | |Date |Expir| | |ficially |Ind| | |tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| | |Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | | |rity |Date |Code|V| Amount | |ble | | | |Year |(I)| | ___________________________________________________________________________________________________________________________________| Option (See Note 3 bel|$92.50 |(See |J | |15,955,477 | |11/21|(See |Common Stock|15,955,|(See No|15,955,477 |D |- | ow.) | |Note | | | | |/96 |Note | |477 |te 3 be| | | | | |3 | | | | | |3 | | |low.) | | | | bel bel ow.) ow.) - -----------------------------------------------------------------------------------------------------------------------------------| | | | | | | | | | | | | | | | ___________________________________________________________________________________________________________________________________|
Explanation of Responses: Note 1: Pursuant to a cash tender offer, CSX Corporation, through its wholly owned subsidiary, Green Acquisition Corp., purchased 17,860,124 shares of common stock of Conrail Inc. following the expiration of the tender offer at midnight on November 20, 1996. Such shares were placed into a voting trust simultaneously with their purchase pursuant to a voting trust agreement by and among CSX Corporation, Green Acquisition Corp. and Deposit Guaranty National Bank, dated as of October 15, 1996. Note 2: Reference is made to the shares of common stock of Conrail Inc. underlying the stock option described in Note 3 below. The filing of this Form by the reporting person named above with respect to such shares shall not be deemed to be an admission by such person that such person beneficially owns such shares for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or the rules and regulations promulgated thereunder, or that such shares and transactions related thereto fall within the scope of said Section 16. Note 3: In connection with an Agreement and Plan of Merger, dated as of October 14, 1996, between CSX Corporation, Green Acquisition Corp. and Conrail Inc., CSX Corporation and Conrail Inc. entered into a Stock Option Agreement, dated as of October 14, 1996, providing for the option described in Table II. This stock option became exercisable on November 21, 1996 upon the consummation of a cash tender offer by CSX Corporation and Green Acquisition Corp. and will expire upon the occurrence of certain events described in the Stock Option Agreement. The number of shares of common stock of Conrail Inc. purchasable by CSX Corporation under the option will be adjusted under certain circumstances as may be necessary so that the number of shares purchasable by CSX Corporation upon exercise of the option at the time of such exercise equals 19.9% of the shares of common stock of Conrail Inc. issued and outstanding at such time. SIGNATURE OF REPORTING PERSON /s/ Mark G. Aron CSX Corporation By: Mark G. Aron Title: Executive Vice President -- Law and Public Affairs DATE 12/3/96 -----END PRIVACY-ENHANCED MESSAGE-----