Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

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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(Print or Type Responses)
1. Name and Address of Reporting Person *
McCarthy Thomas P
   2. Issuer Name and Ticker or Trading Symbol
FreightCar America, Inc. [RAIL] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
SVP, Human Resources
(Last)
(First)
(Middle)
TWO NORTH RIVERSIDE PLAZA SUITE 1300		 3. Date of Earliest Transaction (Month/Day/Year)
01/14/2015
(Street)

CHICAGO, IL 60606		 4. If Amendment, Date 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
(City)
(State)
(Zip)
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)
Code V Amount (A) or (D) Price
Common Stock 01/14/2015   A(1)   2,636 A $ 0 (2) 8,961 D  

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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 Underlying Securities
(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 of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Performance shares (3) 01/14/2015   A(4)   2,636 (5)     (5)   (5) Common stock 2,636 $ 0 (6) 2,636 D  
Employee Stock Option (right to buy) $ 25.55               (7) 01/15/2024 Common stock 13,325   13,325 D  
Employee Stock Option (right to buy) $ 24.56               (8) 01/18/2023 Common stock 6,700   6,700 D  
Employee Stock Option (right to buy) $ 23.4               (9) 01/12/2022 Common stock 13,700   13,700 D  
Employee Stock Option (right to buy) $ 29.88               (10) 01/13/2021 Common stock 10,500   10,500 D  
Employee Stock Option (right to buy) $ 20.69               (11) 02/23/2020 Common stock 7,250   7,250 D  
Employee Stock Option (right to buy) $ 30.47               (12) 01/13/2018 Common stock 10,540   10,540 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
McCarthy Thomas P
TWO NORTH RIVERSIDE PLAZA SUITE 1300
CHICAGO, IL 60606		       SVP, Human Resources  

Signatures

 /s/ Kathleen M. Boege, as attorney in fact   01/16/2015
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Exempt issuance of restricted shares under Rule 16(b)-3 pursuant to the Issuer's 2005 Long Term Incentive Plan. These shares were granted on January 14, 2015 and will vest on January 14, 2018. The restricted shares are subject to certain restrictions (including possible forfeiture).
(2) The restricted shares were granted pursuant to the Issuer's 2005 Long Term Incentive Plan, for which no consideration was paid by the recipient.
(3) Each performance share represents the right to receive, at settlement, one share of common stock subject to the Issuer's achievement of performance goals.
(4) Exempt issuance of performance shares under Rule 16(b)-3 pursuant to the Issuer's 2005 Long Term Incentive Plan.
(5) Vesting of these performance shares depends on the Issuer's annual return on invested capital and basic earnings per share from January 1, 2015 through December 31, 2017. The target number of performance shares is reported. Between 0% and 200% of the target number of shares may vest on January 14, 2018, with the vesting percentage determined based on actual performance.
(6) Performance shares were granted pursuant to the Issuer's 2005 Long Term Incentive Plan, for which no consideration was paid by the recepient.
(7) On January 15, 2014, the recipient was granted 13,325 options. 4,441 stock options are fully vested and currently exercisable, 4,441 stock options will vest on January 15, 2016 and 4,443 stock options will vest on January 15, 2017.
(8) On January 18, 2013, the recipient was granted 6,700 options. 2,233 stock options are fully vested and currently exercisable, 2,233 stock options will vest on January 18, 2015 and 2,234 stock options will vest on January 18, 2016.
(9) On January 12, 2012, the recipient was granted 13,700 options which are fully vested and currently exercisable.
(10) On January 13, 2011, the recipient was granted 10,500 options which are fully vested and currently exercisable.
(11) On February 23, 2010, the recipient was granted 7,250 options which are fully vested and currently exercisable.
(12) On January 13, 2008, the recipient was granted 10,540 options which are fully vested and currently exercisable.

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