UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 4 OMB APPROVAL
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OMB Number: 3235-0287
Expires: December 31, 2001
Estimated average burden
hours per response.......0.5
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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(f) of the Investment Company Act of 1940
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
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1. Name and Address of Reporting Person*
FedEx Corporation
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(Last) (First) (Middle)
942 South Shady Grove Road
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(Street)
Memphis Tennessee 38120
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
American Freightways Corporation (AFWY)
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Statement for Month/Year
01/01
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5. If Amendment Date of Original (Month/Year)
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6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
[ ] Director [ X ] 10% Owner
[ ] Officer (give title below) [ ] Other (specify below)
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7. Individual or Joint/Group Filing (Check Applicable Line)
[ X ] Form filed by One Reporting Person
[ ] Form filed by More than One Reporting Person
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<TABLE>
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Table I -- Non-Derivative Securities Acquired, Disposed of |
or Beneficially Owned |
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<S> <C> <C> <C> <C> <C> <C>
| | | | |6. | |
| | | 4. |5. | Owner- | |
| | | Securities Acquired (A) or | Amount of | ship | |
| | 3. | Disposed of (D) | Securities | Form: |7. |
|2. | Transaction| (Instr. 3, 4 and 5) | Beneficially | Direct | Nature of |
|Transaction | Code | -------------------------------| Owned at End | (D) or | Indirect |
1. |Date | (Instr. 8) | | (A) | | of Month | Indirect | Beneficial|
Title of Security |(Month/Day/ | -----------| Amount | or | Price | (Instr. 3 | (I) | Ownership |
(Instr. 3) |Year) | Code | V | | (D) | | and 4) | (Instr.4)| (Instr. 4)|
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Common Stock | 12/29/00 | P | | 16,380,038 | A | $28.13 | 16,380,043* | D* | * |
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</TABLE>
<PAGE>
FORM 4 (continued)
<TABLE>
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Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned |
(e.g., puts, calls, warrants, options, convertible securities) |
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
| | | | | | | |9. |10. | |
| | | | | | | |Number |Owner- | |
| | | | | | | |of |ship | |
|2. | | | | | | |Deriv- |Form of | |
|Conver- | | | 5. | |7. | |ative |Deriv- |11. |
|sion | | | Number of | |Title and Amount | |Secur- |ative |Nature|
|or | | | Derivative |6. |of Underlying |8. |ities |Secur- |of |
|Exer- | |4. | Securities |Date |Securities |Price |Bene- |ity: |In- |
|cise |3. |Trans-| Acquired (A) |Exercisable and |(Instr. 3 and 4) |of |ficially |Direct |direct|
|Price |Trans- |action| or Disposed |Expiration Date |-----------------------|Deriv- |Owned |(D) or |Bene- |
1. |of |action |Code | of (D) |(Month/Day/Year) | |Amount |ative |at End |In- |ficial|
Title of |Deriv- |Date |(Instr| (Instr. 3, |-----------------| |or |Secur- |of |direct |Owner-|
Derivative |ative |(Month/ |8) | 4 and 5) |Date |Expira- | |Number |ity |Month |(I) |ship |
Security |Secur- |Day/ |------| ------------ |Exer- |tion | |of |(Instr. |(Instr. |(Instr. |(Instr|
(Instr. 3) |ity |Year) |Code|V| (A) | (D) |cisable |Date |Title |Shares |5) |4) |4) |4) |
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Explanation of Responses:
*FedEx Corporation has also entered into an Irrevocable Proxy and Voting
Agreement, dated as of November 12, 2000, as amended, with F.S. Garrison, T.
Garrison, W. Garrison, and certain other members of the Garrison Family (the
"Garrison Family") pursuant to which the Garrison Family has agreed to vote its
shares of common stock of American Freightways Corporation (the "Issuer") in
favor of the proposed merger between the Issuer and a subsidiary of FedEx
Corporation. In addition, the Garrison Family has agreed not to sell any of its
shares of Issuer common stock. The number of shares of common stock of the
Issuer subject to the Voting Agreement is 11,179,540.
FedEx Corporation
By: /s/ Kenneth R. Masterson January 5, 2001
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**Signature of Reporting Person Date
**Intentional misstatements or omissions of facts constitute Kenneth R. Masterson
Federal Criminal Violations. See 18 U.S.C. 1001 and 15 Executive Vice President
U.S.C. 78ff(a). General Counsel and Secretary
Note: File three copies of this Form, one of which must be
manually signed. If space provided is insufficient, see
Instruction 6 for procedure.
Potential persons who are to respond to the collection of
information contained in this form are not required to
respond unless the form displays a currently valid OMB
Number.
Page 2
SEC 1474 (7-96)
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