NORFOLK SOUTHERN CORP

Ticker: NSC CUSIP: 655844108 Class: COM

First Dallas Securities Inc.'s Holding History (CIK: 0001378559)

Note: Option positions (PUT/CALL) are excluded.

Q3 2014

Shares 5,296 Value ($000) $591 Avg Close $82.62 Range $77.74 - $88.50

Q2 2014

Shares 5,294 Value ($000) $545 Avg Close $76.02 Range $70.92 - $81.20

Q1 2014

Shares 5,294 Value ($000) $514 Avg Close $71.41 Range $66.84 - $75.69

Q4 2013

Shares 5,292 Value ($000) $491 Avg Close $65.71 Range $58.01 - $71.47

Q3 2013

Shares 5,290 Value ($000) $409 Avg Close $56.99 Range $54.14 - $60.17

Q2 2013

Shares 5,390 Value ($000) $392 Avg Close $57.67 Range $53.20 - $61.33

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2014	5,296	$591	$82.62	$77.74 - $88.50
Q2 2014	5,294	$545	$76.02	$70.92 - $81.20
Q1 2014	5,294	$514	$71.41	$66.84 - $75.69
Q4 2013	5,292	$491	$65.71	$58.01 - $71.47
Q3 2013	5,290	$409	$56.99	$54.14 - $60.17
Q2 2013	5,390	$392	$57.67	$53.20 - $61.33