8-KRegulation FD

UNION PACIFIC CORP 8-K Report, Regulation FD Disclosure (Nov 20, 2012)

Filed November 20, 2012For Securities:UNP

Summary

This 8-K filing from Union Pacific Corporation (UNP) on November 20, 2012, primarily discloses the establishment of a prearranged trading plan by its Chairman, James R. Young. The plan, effective November 16, 2012, is designed for asset diversification and financial planning purposes and allows for the sale of up to 60,000 shares of common stock, representing approximately 7% of his beneficial ownership. Importantly, the plan operates under the safe harbor provisions of Rule 10b5-1, ensuring compliance with trading regulations. Mr. Young's continued ownership of shares will exceed the company's stock ownership guidelines even after the execution of all planned sales, indicating sustained confidence in the company's long-term prospects. All transactions under this plan will be reported on Form 4 filings with the SEC.

Key Highlights

  • 1Chairman James R. Young established a prearranged trading plan for Union Pacific Corporation (UNP) stock.
  • 2The plan is effective as of November 16, 2012.
  • 3The plan allows for the sale of up to 60,000 shares of UNP common stock.
  • 4These 60,000 shares represent approximately 7% of Mr. Young's total beneficial ownership.
  • 5The trading plan is designed for asset diversification, tax, and financial planning.
  • 6The plan is established under the safe harbor provisions of Rule 10b5-1 of the Securities Exchange Act of 1934.
  • 7Mr. Young will continue to own shares exceeding company stock ownership guidelines after plan execution.

Frequently Asked Questions

Union Pacific Corporation is filing this 8-K to disclose that its Chairman, James R. Young, has established a prearranged trading plan for his company stock, in accordance with SEC regulations and company policies.

The trading plan is established for Chairman Young's personal asset diversification, tax, and financial planning strategies. It allows for a predetermined sale of a portion of his stock holdings.

Chairman Young's plan permits the sale of up to 60,000 shares of Union Pacific Corporation common stock. This amount represents about 7% of his total beneficial ownership.

No, the filing specifically states that following the execution of all sales under the plan, Mr. Young will continue to own shares in excess of the amounts required by the company's stock ownership guidelines. This suggests sustained confidence in the company.

Any transactions conducted under this trading plan will be publicly disclosed by Chairman Young through Form 4 filings with the Securities and Exchange Commission.