UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
Consolidated Freightways Corporation
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(Name of Issuer)
Common Stock, $.01 par value
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(Title of Class of Securities)
209232 10 7
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(CUSIP Number)
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June 23, 1998
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
|_| Rule 13d-1(b)
|X| Rule 13d-1(c)
|_| Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting 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>
CUSIP No. 209232 10 7 13G
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- ------------ -----------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Four Partners
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |_|
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3 SEC USE ONLY
- ------------ -----------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
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5 SOLE VOTING POWER
1,228,750
NUMBER OF
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SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY -0-
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EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 1,228,750
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WITH 8 SHARED DISPOSITIVE POWER
-0-
- --------------------------------- ---------- ---------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,228,750
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
|_|
- ------------ -----------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.3%
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12 TYPE OF REPORTING PERSON*
PN
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<PAGE>
Item 1.
(a) Name of Issuer
Consolidated Freightways Corporation (the "Issuer")
(b) Address of Issuer's Principal Executive Offices
175 Linfield Drive
Menlo Park, California 94025
Item 2.
(a) Name of Persons Filing
Four Partners ("FP")
(b) Address of Principal Business Office or, if none, Residence
Four Partners
c/o Thomas J. Tisch
667 Madison Avenue
New York, NY 10021
(c) Citizenship
New York
(d) Title of Class of Securities
Common Stock, $.01 par value (the "Shares")
(e) CUSIP Number
209232 10 7
Item 3. If this statement is filed pursuant to Rule 13d-1(b), or
13d-2(b) or (c), check whether the person filing is a:
(a) |_| Broker or Dealer registered under Section 15 of the Act,
(b) |_| Bank as defined in section 3(a)(6) of the Act,
(c) |_| Insurance company as defined in section 3(a)(19) of the
Act,
(d) |_| Investment company registered under section 8 of the
Investment Company Act of 1940,
(e) |_| Investment Adviser registered under section 203 of the
Investment Advisers Act of 1940,
(f) |_| An employee benefit plan, Pension Fund which is subject to
the provisions of the Employee Retirement Income Security
Act of 1974 or Endowment Fund; see
section 240.13d-1(b)(1)(ii)(F),
(g) |_| A parent holding company, in accordance with
section 240.13d-1(b)(ii)(G) (Note: See Item 7),
(h) |_| A savings association as defined in Section 3(b) of
the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i) |_| A church plan that is excluded from the definition of an
investment company under section 3(c)(14) of the
Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j) |_| Group, in accordance with section 240.13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to section 240.13d-1(c), check
this box |X|.
Item 4. Ownership
(a) Amount Beneficially Owned
As of the date hereof, FP is the beneficial owner of
1,228,750 Shares.
(b) Percent of Class
FP is the record owner of 5.3% of the outstanding Shares.
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote
FP has directly the sole power to vote or direct the
vote of the 1,228,750 Shares owned by it.
(ii) Shared power to vote or to direct the vote
By virtue of their status as managing trustees of the
trusts which are the general partners of FP, Andrew
H. Tisch, Daniel R. Tisch, James S. Tisch and Thomas
J. Tisch (the "Messrs. Tisch") may be deemed to have
indirectly shared power to vote or direct the vote of
the 1,228,750 Shares owned by FP.
(iii) Sole power to dispose or to direct the disposition of
FP has directly the sole power to dispose or direct
the disposition of the 1,228,750 Shares owned by it.
(iv) Shared power to dispose or to direct the disposition
of
By virtue of their status as managing trustees of the
trusts which are the general partners of FP, the
Messrs. Tisch may be deemed to have indirectly shared
power to dispose or direct the disposition of the
1,228,750 Shares owned by FP.
Item 5. Ownership of Five Percent or Less of a Class
Not applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person
Not applicable.
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 not acquired and
are not held for the purpose of or with the effect of changing or
influencing the control of the issuer of such securities and were
not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect.
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.
Dated: July 6, 1998
FOUR PARTNERS
By: /s/Thomas J. Tisch
Thomas J. Tisch
Manager of Four Partners
