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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
100885	Union Pacific Corp	UNP	Railroads, Line-Haul Operating (4011)	132626465

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1200009	Jr M Robert Knight	1400 Douglas Street Omaha NE 68179	Evp Finance & Cfo Upc	No	Yes	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2014-03-17	7,599	$186.58	160,713	No	4	S	Direct
Common Stock	Disposition	2014-03-18	8,905	$188.00	151,808	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct
No	4	S	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	88,289	Indirect	(1)
Common Stock	226	Indirect	by Managed Account

Footnotes

This transaction was made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 14, 2014. Union Pacific Corporation announced the trading plan in a Current Report on Form 8-K on the same date.
This transaction was executed in multiple trades at prices ranging from $186.43 to $187.00. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
Represents conversion of restricted stock units to fully vested stock units with a distribution ratio of 1:1 - Payable only in shares of common stock at termination of employment or a date certain.
Includes holdings in employee benefit plans, Tax Reduction and Payroll Based Stock Plans, as of Transaction Date.