-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, JrqtVbG/LQf6fR34BwEK4j4FrtBKKtxvfZ6uNRWDaFYWdT5kQUuPn75kcfZMIXi8 yFVeCWWcA2EWScp95jBGoQ== 0000950117-99-000255.txt : 19990217 0000950117-99-000255.hdr.sgml : 19990217 ACCESSION NUMBER: 0000950117-99-000255 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990216 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: AIRBORNE FREIGHT CORP /DE/ CENTRAL INDEX KEY: 0000003000 STANDARD INDUSTRIAL CLASSIFICATION: AIR COURIER SERVICES [4513] IRS NUMBER: 910837469 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: SEC FILE NUMBER: 005-08996 FILM NUMBER: 99540734 BUSINESS ADDRESS: STREET 1: P O BOX 662 CITY: SEATTLE STATE: WA ZIP: 98111 BUSINESS PHONE: 2062854600 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: WESTPORT ASSET MANAGEMENT INC /ADV CENTRAL INDEX KEY: 0000748900 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 061087640 STATE OF INCORPORATION: CT FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 253 RIVERSIDE AVE CITY: WESTPORT STATE: CT ZIP: 06880 BUSINESS PHONE: 2032273601 FORMER COMPANY: FORMER CONFORMED NAME: WESTPORT ASSET MANAGEMENT INC /ADV DATE OF NAME CHANGE: 19970325 SC 13G/A 1 AIRBORNE FREIGHT CORP SC 13G, AM #2 OMB APPROVAL OMB No. 3235-0145 Expires September 30, 1988 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 2)* Airborne Freight Corporation - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock - -------------------------------------------------------------------------------- (Title of Class of Securities) 009266107 - -------------------------------------------------------------------------------- (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 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). (Continued on following page(s)) Page 1 of 6 pages -- - ----------------------------- ----------------------- CUSIP NO. 00926610 13G PAGE 2 OF 6 PAGES ------------------ -- -- - ----------------------------- ----------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON WESTPORT ASSET MANAGEMENT INC. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION CONNECTICUT - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF 178,400 SHARES ----------------------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 3,060,734 EACH ----------------------------------------------------- REPORTING 7 SOLE DISPOSITIVE POWER PERSON WITH 178,400 ----------------------------------------------------- 8 SHARED DISPOSITIVE POWER 3,060,734 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,239,134 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 6.7% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON IA - -------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! Page 3 of 6 pages Item 1 (a) Name of Issuer: - ----------- ----------------- Airborne Freight Corporation Item 1 (b): Address of Issuer's Principal Executive Offices: - ----------- ------------------------------------------------ P.O. Box 662 Seattle, Washington 98111 Item 2 (a): Name of Person Filing: - ----------- ---------------------- WESTPORT ASSET MANAGEMENT, INC. Item 2 (b): Address of Principal Business Office: - ----------- ------------------------------------- 253 RIVERSIDE AVENUE WESTPORT, CT 06880 Item 2(c): Citizenship: - ---------- ------------ CONNECTICUT Item 2(d): Title of Class of Securities: - ---------- ----------------------------- COMMON STOCK Item 2 (e): CUSIP Number: - ----------- ------------- 009266107 Item 3. If this stated is filed pursuant to Rules - ------- ----------------------------------------- 13d-1(b), or 13d-2(b), 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(b)(6) of the Act
Page 4 of 6 pages (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 (e) (X) Investment Adviser registered under Section 203 of the Investment Advisors Act of 1940 (f) ( ) Employee Benefit Plan, Pension Fund which is subject to the Provisions of the Employee Retire- ment Income Security Act of 1974 or Endowment Fund; seess.240.13d-1 (b)(1)(ii)(F) (g) ( ) Parent Holding Company, in accor- dance with ss.240.13d-1(b)(ii)(G) (Note: See Item 7) (h) ( ) Group in accordance with ss.240.13d-1 (b)(1)(ii)(H) Item 4. Ownership. - ------- ----------- (a) Amount Beneficially owned: 3,239,134 shares (b) Percent of Class: 6.7% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 178,400 (ii) shared power to vote or to direct the vote: 3,060,734 (iii) sole power to dispose or to direct the disposition of: 178,400 (iv) shared power to dispose or to direct the disposition of: 3,060,734
Page 5 of 6 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: ------- A PORTION OF THE SHARES OF COMMON STOCK OF THE ISSUER REPORTED HEREBY, AMOUNTING IN THE AGGREGATE TO 6.3% OF SUCH SHARES OUTSTANDING, ARE HELD IN CERTAIN DISCRETIONARY MANAGED ACCOUNTS OF WESTPORT ASSET MANAGEMENT, INC.(THE "REPORTING PERSON"). THE REMAINING SHARES OF COMMON STOCK OF THE ISSUER REPORTED HEREBY, AMOUNTING TO 0.4% OF SUCH SHARES OUTSTANDING ARE BENEFICIALLY OWNED BY OFFICERS AND STOCKHOLDERS OF THE REPORTING PERSON. THE REPORTING PERSON DISCLAIMS BENEFICIAL OWNERSHIP OF SUCH SHARES BENEFICIALLY OWNED BY SUCH PERSONS AND DISCLAIMS THE EXISTENCE OF A GROUP. Item 7. Identification and Classification of the Subsidiary - ------- Which acquired the Security Being Reported on By the Parent Holding Company. N/A Item 8. Identification and Classification of Members of - ------- the Group. N/A Item 9. Notice of Dissolution of Group. - ------- ------------------------------- N/A
Page 6 of 6 pages 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. Disclaimer ---------- The undersigned expressly declares that the filing of this Schedule 13G shall not be construed as an admission that such person is, for the purpose of Section 13(d) or 13(g) of the Securities Act of 1934, the beneficial owner of any securities covered by this statement. 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 16, 1999 WESTPORT ASSET MANAGEMENT, INC. BY ANDREW J. KNUTH ANDREW J. KNUTH, CHAIRMAN
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