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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 1, 1998
Union Pacific Corporation
(Exact Name of Registrant as Specified in its Charter)
Utah 1-6075 13-2626465
(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
1717 Main Street, Suite 5900, Dallas, Texas 75201
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (214) 743-5600
N/A
Former Name or Former Address, if Changed Since Last Report
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Item 5. Other Events.
Attached as an Exhibit is the Press Release issued by Union Pacific
Corporation (the "Company") on April 1, 1998, which is incorporated herein
by reference.
Item 7. Financial Statements and Exhibits.
(c) Exhibits.
99 Press Release dated April 1, 1998 regarding the
Company's completion of the private placement of
$1.5 billion of 6-1/4% preferred securities of a
statutory business trust sponsored by the
Corporation, which securities are convertible
into common stock of the Company at a conversion
price of $68.90, to provide the Company financial
flexibility in funding its capital improvement
programs and restoring quality service to its
customers.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, Union
Pacific Corporation has duly caused this Report to be signed on its behalf
by the undersigned hereunto duly authorized.
Dated: April 1, 1998
UNION PACIFIC CORPORATION
By: /s/ Carl W. von Bernuth
-----------------------
Carl W. von Bernuth
Senior Vice President, General
Counsel and Secretary
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EXHIBIT INDEX
Exhibit Description
99 Press Release dated April 1, 1998 regarding the Company's
completion of the private placement of $1.5 billion
of 6-1/4% preferred securities of a statutory business trust
sponsored by the Corporation, which securities are
convertible into common stock of the Company at a
conversion price of $68.90, to provide the Company
financial flexibility in funding its capital improvement
programs and restoring quality service to its customers.
EXHIBIT 99
UNION PACIFIC ANNOUNCES COMPLETION OF
CONVERTIBLE PREFERRED SECURITIES PLACEMENT
Dallas, TX, April 1 -- Union Pacific Corporation (NYSE: UNP) announced
today that it has completed the private placement of $1.5 billion
of 6-1/4% preferred securities of a statutory business trust sponsored by the
Corporation. The securities will be convertible into Union Pacific
Corporation common stock at a conversion price of $68.90. The sale will
provide financial flexibility in funding Union Pacific's capital
improvement programs and restoring quality service to its customers.
The convertible preferred securities are not registered under the
Securities Act of 1933, as amended, and may not be offered or sold in the
United States absent registration with the Securities and Exchange
Commission or the availability of an applicable exemption from such
registration requirements.
The Corporation operates in the areas of rail transportation (Union
Pacific Railroad) and trucking (Overnite Transportation Company).
