NORFOLK SOUTHERN CORP

Ticker: NSC CUSIP: 655844108 Class: COM

Nicholas Investment Partners, LP's Holding History (CIK: 0001389574)

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

Q2 2014

Shares 24,565 Value ($000) $2,531 Avg Close $76.02 Range $70.92 - $81.20

Q1 2014

Shares 24,565 Value ($000) $2,387 Avg Close $71.41 Range $66.84 - $75.69

Q4 2013

Shares 23,908 Value ($000) $2,219 Avg Close $65.71 Range $58.01 - $71.47

Q3 2013

Shares 17,493 Value ($000) $1,353 Avg Close $56.99 Range $54.14 - $60.17

Q2 2013

Shares 17,493 Value ($000) $1,271 Avg Close $57.67 Range $53.20 - $61.33

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2014	24,565	$2,531	$76.02	$70.92 - $81.20
Q1 2014	24,565	$2,387	$71.41	$66.84 - $75.69
Q4 2013	23,908	$2,219	$65.71	$58.01 - $71.47
Q3 2013	17,493	$1,353	$56.99	$54.14 - $60.17
Q2 2013	17,493	$1,271	$57.67	$53.20 - $61.33