EXPEDITORS INTERNATIONAL OF WASHINGTON INC
SC 13G/A, 1997-02-14
ARRANGEMENT OF TRANSPORTATION OF FREIGHT & CARGO
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<PAGE>
 
                                 UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549

                                 SCHEDULE 13G

                   Under the Securities Exchange Act of 1934
                              (Amendment No.  4)*

                 Expeditors International of Washington, Inc.
                               (Name of Issuer)

                         Common Stock, $.01 Par Value
                        (Title of Class of Securities)

                                   30213010
                                (CUSIP Number)

Check the following box if a fee is being paid with this statement ( ).  (A fee
is not required only if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7).

*  The remainder of this cover page shall be filled out for a reporting person's
initial person's initial filing on this form with respect to the subject class
of securities, and for any subsequent amendment containing information which
would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
 
                              Page 1 of  7  Pages
<PAGE>
 
- -----------------------                                  ---------------------
  CUSIP NO. 30213010                    13G                PAGE 2 OF 7 PAGES
- -----------------------                                  ---------------------
 
- ------------------------------------------------------------------------------
      NAME OF REPORTING PERSON
 1    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:   36-3820584

        Wanger Asset Management, L.P.
                          

- ------------------------------------------------------------------------------
      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 2                                                              (a) [_]
      Not applicable                                            (b) [_]
                                                 
- ------------------------------------------------------------------------------
      SEC USE ONLY
 3
 

- ------------------------------------------------------------------------------
      CITIZENSHIP OR PLACE OF ORGANIZATION
 4    
        Delaware 

- ------------------------------------------------------------------------------
                          SOLE VOTING POWER
                     5     
     NUMBER OF              None
 
      SHARES       -----------------------------------------------------------
                          SHARED VOTING POWER
   BENEFICIALLY      6    
                            1,300,000
     OWNED BY
                   -----------------------------------------------------------
       EACH               SOLE DISPOSITIVE POWER
                     7     
    REPORTING               None
 
      PERSON       -----------------------------------------------------------
                          SHARED DISPOSITIVE POWER
       WITH          8    
                            1,300,000

- ------------------------------------------------------------------------------
      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 9    
        1,300,000

- ------------------------------------------------------------------------------
      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10                  
        Not applicable  
 
- ------------------------------------------------------------------------------
      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11    
        10.74%

- ------------------------------------------------------------------------------
      TYPE OF REPORTING PERSON*
12
        IA

- ------------------------------------------------------------------------------

                     *SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
 
- -----------------------                                  ---------------------
  CUSIP NO. 30213010                    13G                PAGE 3 OF 7 PAGES
- -----------------------                                  ---------------------
 
- ------------------------------------------------------------------------------
      NAME OF REPORTING PERSON
 1    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:

        Wanger Asset Management, Ltd.
                          

- ------------------------------------------------------------------------------
      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 2                                                              (a) [_]
      Not applicable                                            (b) [_]
                                                 
- ------------------------------------------------------------------------------
      SEC USE ONLY
 3
 

- ------------------------------------------------------------------------------
      CITIZENSHIP OR PLACE OF ORGANIZATION
 4    
        Delaware 

- ------------------------------------------------------------------------------
                          SOLE VOTING POWER
                     5     
     NUMBER OF              None
 
      SHARES       -----------------------------------------------------------
                          SHARED VOTING POWER
   BENEFICIALLY      6    
                            1,300,000
     OWNED BY
                   -----------------------------------------------------------
       EACH               SOLE DISPOSITIVE POWER
                     7     
    REPORTING               None
 
      PERSON       -----------------------------------------------------------
                          SHARED DISPOSITIVE POWER
       WITH          8    
                            1,300,000

- ------------------------------------------------------------------------------
      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 9    
        1,300,000

- ------------------------------------------------------------------------------
      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10                  
        Not applicable  
 
- ------------------------------------------------------------------------------
      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11    
        10.74%

- ------------------------------------------------------------------------------
      TYPE OF REPORTING PERSON*
12
        CO

- ------------------------------------------------------------------------------

                     *SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
 
- -----------------------                                  ---------------------
  CUSIP NO. 30213010                    13G                PAGE 4 OF 7 PAGES
- -----------------------                                  ---------------------
 
- ------------------------------------------------------------------------------
      NAME OF REPORTING PERSON
 1    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 

        Ralph Wanger
                          

- ------------------------------------------------------------------------------
      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 2                                                              (a) [_]
      Not applicable                                            (b) [_]
                                                 
- ------------------------------------------------------------------------------
      SEC USE ONLY
 3
 

- ------------------------------------------------------------------------------
      CITIZENSHIP OR PLACE OF ORGANIZATION
 4    
       U.S.A.   

- ------------------------------------------------------------------------------
                          SOLE VOTING POWER
                     5     
     NUMBER OF              None
 
      SHARES       -----------------------------------------------------------
                          SHARED VOTING POWER
   BENEFICIALLY      6    
                            1,300,000
     OWNED BY
                   -----------------------------------------------------------
       EACH               SOLE DISPOSITIVE POWER
                     7     
    REPORTING               None
 
      PERSON       -----------------------------------------------------------
                          SHARED DISPOSITIVE POWER
       WITH          8    
                            1,300,000

- ------------------------------------------------------------------------------
      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 9    
        1,300,000

- ------------------------------------------------------------------------------
      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10                  
        Not applicable  
 
- ------------------------------------------------------------------------------
      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11    
        10.74%

- ------------------------------------------------------------------------------
      TYPE OF REPORTING PERSON*
12
        IN

- ------------------------------------------------------------------------------

                     *SEE INSTRUCTION BEFORE FILLING OUT! 
<PAGE>
 
Page 5 of  7  Pages
 

Item 1(a)   Name of Issuer:  Expeditors International of Washington, Inc.

Item 1(b)   Address of Issuer's Principal Executive Offices:
               19119 16th Avenue South
               P. O. Box 69620
               Seattle, Washington 98188

Item 2(a)   Name of Person Filing:
                Wanger Asset Management, L.P. ("WAM");
                Wanger Asset Management, Ltd., the sole general partner of
                WAM ("WAM LTD.");
                Ralph Wanger ("Wanger")

Item 2(b)   Address of Principal Business Office:
               WAM, WAM LTD. and Wanger are all located at:
               227 West Monroe Street, Suite 3000
               Chicago, Illinois 60606

Item 2(c)   Citizenship:
               WAM is a Delaware limited partnership.
               WAM LTD. is a Delaware corporation.
               Wanger is a U.S. citizen.

Item 2(d)   Title of Class of Securities:
               Common Stock, $.01 Par Value

Item 2(e)   CUSIP Number:  30213010

Item 3      Type of Person:
               (e)  WAM is an Investment Adviser registered under section 203
                    the Investment Advisers Act of 1940; WAM LTD. is the General
                    Partner of the Investment Adviser; Wanger is the principal
                    stockholder of the General Partner.

Item 4      Ownership (at December 31, 1996):

               (a)  Amount owned "beneficially" within the
                    meaning of rule 13d-3:
                    1,300,000 shares

               (b)  Percent of class:  10.74% (based on 12,102,252 shares
                    outstanding at 11/11/96)

               (c)  Number of shares as to which such person has:
                    (i)    sole power to vote or to direct the vote:
                           none
                    (ii)   shared power to vote or to direct the vote:
                           1,300,000

                    (iii)  sole power to dispose or to direct the
                           disposition of:  none
                    (iv)   shared power to dispose or to direct
                           disposition of:  1,300,000

                    WAM serves as investment adviser to Acorn Investment Trust,
                    Series Designated Acorn Fund (the "Trust"). Various of WAM's
                    limited partners and employees are also officers and
                    trustees of the Trust, but WAM does not consider the Trust
                    to be controlled by such persons. Although the Trust is not
                    controlled by WAM, pursuant to rule 13d-3(a) the 1,000,000
                    shares beneficially owned by the Trust, with respect to
                    which the Trust has delegated to WAM shared voting power and
                    shared dispositive power, are considered to be shares
                    beneficially owned by WAM by reason of such delegated
                    powers. In addition to the shares beneficially owned by the
                    Trust, other clients of WAM may own shares which are not
                    included in the aggregate number of shares reported herein
                    because WAM does not have or share voting or investment
                    power over those shares.
<PAGE>
 
Page 6 of  7  Pages


Item 5      Ownership of Five Percent or Less of a Class:
               If this statement is being filed to report the fact that as of
               the date hereof the reporting person has ceased to be the
               beneficial owner of more than five percent of the class of
               securities, check the following ( ).

Item 6      Ownership of More Than Five Percent on behalf of Another Person:
               The shares reported herein have been acquired on behalf of
               discretionary clients of WAM. Persons other than WAM are entitled
               to receive all dividends from, and proceeds from the sale of,
               those shares.

Item 7      Identification and Classification of the Subsidiary Which Acquired
            the Security Being Reported on by the Parent Holding Company:
               Not applicable

Item 8      Identification and Classification of Members of the Group:
               Not applicable

Item 9      Notice of Dissolution of Group:
               Not applicable

Item 10     Certification:

               By signing below I certify that, to the best of my knowledge
            and belief, the securities referred to above were acquired in the
            ordinary course of business and were not acquired for the purpose of
            and do not have the effect of changing or influencing the control of
            the issuer of such securities and were not acquired in connection
            with or as a participant in any transaction having such purpose or
            effect.
<PAGE>
 
Page 7 of  7  Pages


                                   Signature

     After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.

Date:  February 14, 1997

              The undersigned corporation, on the date above
              written, agrees and consents to the joint filing
              on its behalf of this Schedule 13G in connection
              with its beneficial ownership of the shares
              reported herein.

                                        WANGER ASSET MANAGEMENT, LTD., for
                                          itself and as general partner for
                                          WANGER ASSET MANAGEMENT, L.P.

                                        By: /s/ Bruce H. Lauer
                                           ------------------------------------
                                                Bruce H. Lauer
                                                Vice President

              The undersigned individual, on the date above
              written, agrees and consents to the joint filing
              on his behalf of this Schedule 13G in connection
              with his beneficial ownership of the shares
              reported herein.

                                        RALPH WANGER

                                       /s/ Ralph Wanger
                                       ----------------------------------------


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