NORFOLK SOUTHERN CORP

Ticker: NSC CUSIP: 655844108 Class: COM

SPX Gestao de Recursos Ltda's Holding History (CIK: 0001589176)

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

Q1 2018

Shares 40,400 Value ($000) $5,486 Avg Close $122.67 Range $112.62 - $133.63

Q4 2017

Shares 20,000 Value ($000) $2,898 Avg Close $113.99 Range $106.48 - $124.43

Q1 2017

Shares 40,400 Value ($000) $5,486 Avg Close $97.78 Range $88.22 - $104.69

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2018	40,400	$5,486	$122.67	$112.62 - $133.63
Q4 2017	20,000	$2,898	$113.99	$106.48 - $124.43
Q1 2017	40,400	$5,486	$97.78	$88.22 - $104.69