SC 13G/A 1 d05539asc13gza.txt AMENDMENT NO. 1 TO SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1)* ARKANSAS BEST CORPORATION (Name of Issuer) Common Stock, Par Value $.01 Per Share (Title of Class of Securities) 040790107 (CUSIP Number) Check the following box if a fee is being paid with this statement ( ). (A fee is not required only if the reporting 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 on 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, as amended ("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 pages) Page 1 of 5 Pages CUSIP NO. 040790107 SCHEDULE 13G 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Robert A. Young, III 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP * (a) [ ] Not Applicable (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION United States Citizen NUMBER OF SHARES 5. SOLE VOTING POWER 2,005,639 Direct 10,920 Vested stock options exercisable within sixty (60) days 1,099 401(k) --------- 2,017,658 BENEFICIALLY 6. SHARED VOTING POWER None OWNED BY EACH 7. SOLE DISPOSITIVE POWER Same as Number 5. REPORTING PERSON 8. SHARED DISPOSITIVE POWER None 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,017,658 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES * [ ] Not Applicable 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11% *See Instructions Before Filling Out! Page 2 of 5 Pages SCHEDULE 13G 12. TYPE OF REPORTING PERSON IN Item 1(a). Name of Issuer: Arkansas Best Corporation Item 1(b). Address of Issuer's Principal Executive Offices: 1000 South 21st Street Fort Smith, Arkansas 72901 Item 2(a). Name of Person Filing: Robert A. Young, III Item 2(b). Address of Principal Business Office or, if none, residence: 1000 South 21st Street Fort Smith, Arkansas 72901 Item 2(c). Citizenship: United States Citizen Item 2(d). Title of Class of Securities: Common Stock, par value $.01 per share Item 2(e). CUSIP Number: 040790107 Item 3. If this statement is filed pursuant to Rule 13d-1(b) or 13d- 2(b), check whether the person filing is: (Not applicable) (a) [ ] Broker or Dealer registered under 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 (e) [ ] Investment Adviser registered under Section 203 of the Investment Advisers Act of 1940 (f) [ ] 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) [ ] Parent Holding Company, in accordance with Section 240.13d-1(b)(ii)(G); see Item 7 (h) [ ] Group, in accordance with Section 240.13d-1(b)(1)(ii)(H) Page 3 of 5 Pages SCHEDULE 13G Item 4. Ownership: (a) Amount Beneficially Owned: 2,017,658 (b) Percent of Class: 11% (c) Number of Shares as to which such person has: (i) Sole power to vote or to direct the vote: 2,005,639 Direct 10,920 Vested stock options exercisable within sixty (60) days 1,099 401(k) --------- 2,017,658 (ii) Shared power to vote or to direct the vote: None (iii) Sole power to dispose or to direct the disposition of: Same as Item 4(c)(i) (iv) Shared power to dispose or to direct the disposition of: None 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 [ ]. 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 Page 4 of 5 Pages SCHEDULE 13G Item 8. Identification and Classification of Members of the Group. Not Applicable Item 9. Notice of Dissolution of Group. Not Applicable Item 10. Certification. Not Applicable 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. By: /s/ Robert A. Young, III ---------------------------------- Signature President, Chief Executive Officer and Director ---------------------------------- Name/Title Date: February 9, 1994 Page 5 of 5 Pages