SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

HUND THOMAS N

(Last)

(First)

(Middle)

BURLINGTON NORTHERN SANTA FE CORPORATION

2650 LOU MENK DRIVE

(Street)

FORT WORTH

76131-2830

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
BURLINGTON NORTHERN SANTA FE CORP [ BNI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Executive VP and CFO

3. Date of Earliest Transaction (Month/Day/Year)
02/20/2007

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock, $0.01 par value	02/20/2007		M		53,371	A	$27.55	260,916	D
Common Stock, $0.01 par value	02/20/2007		F		17,812	D	$82.545	243,104	D
Common Stock, $0.01 par value	02/20/2007		F		12,960	D	$82.545	230,144	D
Common Stock, $0.01 par value	02/20/2007		M		3,629	A	$27.55	233,773	D
Common Stock, $0.01 par value	02/20/2007		F		1,211	D	$82.545	232,562	D
Common Stock, $0.01 par value	02/20/2007		M		3,573	A	$27.97	236,135	D
Common Stock, $0.01 par value	02/20/2007		F		1,210	D	$82.545	234,925	D
Common Stock, $0.01 par value	02/20/2007		M		1,900	A	$34.5938	236,825	D
Common Stock, $0.01 par value	02/20/2007		M		1,958	A	$51.035	238,783	D
Common Stock, $0.01 par value	02/20/2007		M		15,147	A	$51.035	253,930	D
Common Stock, $0.01 par value	02/20/2007		M		1,959	A	$51.035	255,889	D
Common Stock, $0.01 par value	02/20/2007		M		17,345	A	$51.035	273,234	D
Common Stock, $0.01 par value	02/20/2007		S		2,500	D	$82.1	270,734	D
Common Stock, $0.01 par value	02/20/2007		S		400	D	$82.06	270,334	D
Common Stock, $0.01 par value	02/20/2007		S		500	D	$82.11	269,834	D
Common Stock, $0.01 par value	02/20/2007		S		5,000	D	$82.08	264,834	D
Common Stock, $0.01 par value	02/20/2007		S		15,300	D	$82.07	249,534	D
Common Stock, $0.01 par value	02/20/2007		S		3,900	D	$82.09	245,634	D
Common Stock, $0.01 par value	02/20/2007		S		909	D	$82.26	244,725	D
Common Stock, $0.01 par value	02/20/2007		S		300	D	$82.12	244,425	D
Common Stock, $0.01 par value	02/20/2007		S		8,000	D	$82.15	236,425	D
Common Stock, $0.01 par value	02/20/2007		S		1,500	D	$82.23	234,925	D
Common Stock, $0.01 par value								325	I	Indirect by Son
Common Stock, $0.01 par value								325	I	Indirect by Daughter

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Employee Stock Option (Right to Buy) ^{( 1 )}	$82.545	02/20/2007		J ^{( 2 )}		17,812		08/20/2007	04/25/2012	Common Stock, $0.01 par value	17,812	$0	17,812	D
Employee Stock Option (Right to Buy) ^{( 1 )}	$27.55	02/20/2007		M			53,371	^{( 3 )}	04/25/2012	Common Stock, $0.01 par value	53,371	$0	0	D
Employee Stock Option (Right to Buy) ^{( 1 )}	$82.545	02/20/2007		J ^{( 2 )}		1,211		08/20/2007	04/25/2012	Common Stock, $0.01 par value	1,211	$0	1,211	D
Employee Stock Option (Right to Buy) ^{( 1 )}	$27.55	02/20/2007		M			3,629	^{( 4 )}	04/25/2012	Common Stock, $0.01 par value	3,629	$0	0	D
Employee Stock Option (Right to Buy) ^{( 1 )}	$82.545	02/20/2007		J ^{( 2 )}		1,210		08/20/2007	04/24/2013	Common Stock, $0.01 par value	1,210	$0	1,210	D
Employee Stock Option (Right to Buy) ^{( 1 )}	$27.97	02/20/2007		M			3,573	^{( 5 )}	04/24/2013	Common Stock, $0.01 par value	3,573	$0	0	D
Employee Stock Option (Right to Buy) ^{( 1 )}	$34.5938	02/20/2007		M			1,900	05/21/2002	05/21/2009	Common Stock, $0.01 par value	1,900	$0	0	D
Employee Stock Option (Right to Buy) ^{( 1 )}	$51.035	02/20/2007		M			1,958	09/01/2005	01/14/2008	Common Stock, $0.01 par value	1,958	$0	0	D
Employee Stock Option (Right to Buy) ^{( 1 )}	$51.035	02/20/2007		M			15,147	09/01/2005	01/14/2008	Common Stock, $0.01 par value	15,147	$0	0	D
Employee Stock Option (Right to Buy) ^{( 1 )}	$51.035	02/20/2007		M			1,959	09/01/2005	01/20/2009	Common Stock, $0.01 par value	1,959	$0	0	D
Employee Stock Option (Right to Buy) ^{( 1 )}	$51.035	02/20/2007		M			17,345	09/01/2005	01/20/2009	Common Stock, $0.01 par value	17,345	$0	0	D

Explanation of Responses:

1. Employee Stock Option (Right to Buy) with tandem withholding rights.

2. Grant of an option in a transaction exempt under Rule 16b-3, based upon use of shares to pay option exercise price.

3. The options are part of a grant of options vesting in three equal installments on 04/25/2003, 04/25/2004 and 04/25/2005.

4. The options were part of a grant of options vesting in three equal installments on 04/25/2003, 04/25/2004 and 04/25/2005.

5. The options were part of a grant of options vesting in three equal installments on 04/24/2004, 04/24/2005 and 04/24/2006.

	Thomas N. Hund by Judy K. Carter, Attorney-in-Fact	02/22/2007
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
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