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Filing Details

Accession Number:: 0001567619-20-008780
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-05-01 16:06:32
Reporting Period:: 2020-04-29

Accepted Time:: 2020-05-01 16:06:32
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
277948	Csx Corp	CSX	Railroads, Line-Haul Operating (4011)	621051971

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1413084	C Paul Hilal	712 Fifth Avenue, Suite 17F New York NY 10019		Yes	No	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2020-04-29	700,000	$68.31	2,625,079	No	4	S	Indirect	See footnotes
Common Stock	Disposition	2020-04-29	25,000	$0.00	2,600,079	No	4	J	Indirect	See footnotes

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	See footnotes
No	4	J	Indirect	See footnotes

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	10,489	Direct

Footnotes

Reflects sales by MR GP HoldCo MM LLC, an entity controlled by Paul C. Hilal and which holds shares of the Issuer on behalf of Mr. Hilal and certain family members and trusts. Mr. Hilal retains approximately 80% of his ownership and remains fully engaged and committed to supporting the Board and the Issuer. Mr. Hilal has no current plans to cause the sale of any additional shares he controls in the Issuer, although he reserves the right to do so in his discretion.
Weighted average sale price for multiple trades at prices ranging from $67.79 to $68.73. Mr. Hilal hereby undertakes to provide, upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
By virtue of Mr. Hilal's position as ultimately controlling various entities that hold shares in the Issuer, Mr. Hilal may be deemed to be the beneficial owner of these shares for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934 (the "Exchange Act"). Mr. Hilal disclaims beneficial ownership of any of these shares, except to the extent of any pecuniary interest therein.
Mr. Hilal continues to serve as a director and as Vice Chairman of the Board of the Issuer and as a result, the entities listed in these notes are directors by deputization for purposes of Section 16 of the Exchange Act.
Reflects distributions by MR Employee Incentive Pool LLC, an entity controlled by Mr. Hilal and which holds shares of the Issuer on behalf of certain employees of Mantle Ridge LP, to those employees. No consideration was paid in connection with these distributions.