SEC FORM 4

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

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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^*

HUND THOMAS N

(Last)

(First)

(Middle)

BURLINGTON NORTHERN SANTA FE CORPORATION

2650 LOU MENK DRIVE

(Street)

FORT WORTH

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)
	Executive VP and CFO

3. Date of Earliest Transaction (Month/Day/Year)
01/26/2006

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock, $0.01 par value	01/26/2006		M		3,441	A	$29.04	242,281	D
Common Stock, $0.01 par value	01/26/2006		F		1,311	D	$76.205	240,970	D
Common Stock, $0.01 par value	01/26/2006		M		75,059	A	$29.04	316,029	D
Common Stock, $0.01 par value	01/26/2006		F		28,603	D	$76.205	287,426	D
Common Stock, $0.01 par value	01/26/2006		F		16,968	D	$76.205	270,458	D
Common Stock, $0.01 par value								300	I	Indirect by Son
Common Stock, $0.01 par value								300	I	Indirect by Daughter

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Employee Stock Option (Right to Buy)⁽¹⁾	$76.205	01/26/2006		J⁽²⁾		1,311		07/26/2006	04/25/2011	$0.01 par value common stock	1,311	$0	1,311	D
Employee Stock Option (Right to Buy)⁽¹⁾	$29.04	01/26/2006		M			3,441	04/25/2004⁽³⁾	04/25/2011	$0.01 par value common stock	3,441	$0	0	D
Employee Stock Option (Right to Buy)⁽¹⁾	$76.205	01/26/2006		J⁽²⁾		28,603		07/26/2006	04/25/2011	$0.01 par value common stock	28,603	$0	28,603	D
Employee Stock Option (Right to Buy)⁽¹⁾	$29.04	01/26/2006		M			75,059	04/25/2004⁽⁴⁾	04/25/2011	$0.01 par value common stock	75,059	$0	0	D

Explanation of Responses:

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

2. Grant of an option in a transaction exempt under Rule 16b-3, based upon use of shares to pay option exercise price.

3. 1,147 options vested on 04/25/2002, 1,147 options vested on 04/25/2003 and 1,147 options vested on 04/25/2004.

4. 25,020 options vested on 04/25/2002, 25,020 vested on 04/25/2003 and 25,019 vested on 04/25/2004.

	Thomas N. Hund by Jeffrey T. Williams, Attorney-in-Fact	01/30/2006
	** 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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