NORFOLK SOUTHERN CORP

Ticker: NSC CUSIP: 655844108 Class: COM

Horizon Investment Services, LLC's Holding History (CIK: 0001426940)

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

Q4 2014

Shares 9,416 Value ($000) $1,032 Avg Close $85.81 Range $79.24 - $92.28

Q3 2014

Shares 9,656 Value ($000) $1,078 Avg Close $82.62 Range $77.74 - $88.50

Q2 2014

Shares 8,349 Value ($000) $860 Avg Close $76.02 Range $70.92 - $81.20

Q1 2014

Shares 7,737 Value ($000) $731 Avg Close $71.41 Range $66.84 - $75.69

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2014	9,416	$1,032	$85.81	$79.24 - $92.28
Q3 2014	9,656	$1,078	$82.62	$77.74 - $88.50
Q2 2014	8,349	$860	$76.02	$70.92 - $81.20
Q1 2014	7,737	$731	$71.41	$66.84 - $75.69