1 ---------------------------- FORM 5 OMB APPROVAL UNITED STATES SECURITIES AND EXCHANGE COMMISSION ---------------------------- [ ] Check this box if no longer WASHINGTON D.C. 20549 OMB Number: 3235-0362 subject to Section 16. Form Expires: September 30, 1998 4 or Form 5 obligations may ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Estimated average burden continue. See Instruction 1(b). hours per response....1.0 [ ] Form 3 Holdings Reported ---------------------------- [ ] Form 4 Transactions Reported 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 - ------------------------------------------------------------------------------------------------------------------------------------ 1.Name and Address of Reporting Person*| 2. Issuer Name and Ticker or Trading Symbol | 6. Relationship of Reporting Person(s) | | to Issuer | | (Check all applicable) MCKELVEY JOHN C. | YELLOW CORPORATION (YELL) | __X__ Director _____ 10% Owner - -------------------------------------------------------------------------------------------| _____ Officer (give title below) (Last) (First) (Middle) | 3. IRS or Social | 4. Statement for | _____ Other (specify below) MIDWEST RESEACH INSTITUTE | Security Number | Month/Year | 425 VOLKER BOULEVARD | of Reporting | 12/1998 |---------------------------------------- - ---------------------------------------| Person (Voluntary) |-------------------------|7. Individual or Joint/Group Filing (Street) | | | (Check Applicable Line) | | 5. If Amendment, | _X_ Form filed by One Reporting Person | | Date of Original | ___ Form filed by More than One KANSAS CITY MO 64110 | | (Month/Year) Reporting Person - ------------------------------------------------------------------------------------------------------------------------------------ (City) (State) (Zip) | UNITED STATES | Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned - ------------------------------------------------------------------------------------------------------------------------------------ 1. Title of Security | 2. Transaction| 3. Transaction| 4. Securities Acquired(A)| 5. Amount of|6. Owner-|7. Nature (Instr. 3) | Date | Code | or Disposed of (D) | Securities | ship | of | (Month/Day/ | (Instr. 8) | (Instr. 3, 4 and 5) | Beneficially| Form: | Indirect | Year) | | | Owned at End| Direct | Bene- | | |--------------------------| of Issuer's | (D) or | ficial | | | | (A) | | Fiscal Year | Indirect| Owner- | | | | or | | (Instr. 3 | (I) | ship | | | Amount | (D) | Price | and 4) |(Instr.4)|(Instr.4) - ---------------------------------------|---------------|---------------|--------|------|----------|-------------|---------|--------- Common Stock | 4/16/1998 | A | 613.00 | A | N/A | 2,848.00 | D | - ---------------------------------------|---------------|---------------|--------|------|----------|-------------|---------|--------- | | | | | | | | - ---------------------------------------|---------------|---------------|--------|------|----------|-------------|---------|--------- | | | | | | | | - ---------------------------------------|---------------|---------------|--------|------|----------|-------------|---------|--------- | | | | | | | | - ---------------------------------------|---------------|---------------|--------|------|----------|-------------|---------|--------- | | | | | | | | - ---------------------------------------|---------------|---------------|--------|------|----------|-------------|---------|--------- | | | | | | | | - ---------------------------------------|---------------|---------------|--------|------|----------|-------------|---------|--------- | | | | | | | | - ---------------------------------------|---------------|---------------|--------|------|----------|-------------|---------|--------- | | | | | | | | - ---------------------------------------|---------------|---------------|--------|------|----------|-------------|---------|--------- | | | | | | | | - ---------------------------------------|---------------|---------------|--------|------|----------|-------------|---------|--------- | | | | | | | | - ------------------------------------------------------------------------------------------------------------------------------------ *If the form is filed by more than one reporting person, see Instruction 4(b)(v). (Over) SEC 2270 (7-96)
2 FORM 5 (CONTINUED) TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED (E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES) - ------------------------------------------------------------------------------------------------------------------------------------ 1. Title of Derivative | 2. Conver- |3. Trans- |4. Trans- |5. Number of |6. Date Exer- |7. Title and Amount |8. Price Security | sion or | action | action | Derivative | cisable and | of Underlying | of (Instr. 3) | Exercise | Date | Code | Securities Ac- | Expiration | Securities | Deriv- | Price of | (Month/| (Instr. 8)| quired (A) or | Date | (Instr. 3 and 4) | ative | Deriv- | Day/ | | Disposed of (D)| (Month/Day/ | | Secur- | ative | Year) | | (Instr. 3, 4, | Year) | | ity | Security | | | and 5) | | | (Instr. 5) | | | | |-------------------------------------| | | | | |Date |Expira- | | Amount or | | | | |------------------|Exer- |tion | Title | Number of | | | | | (A) | (D) |cisable|Date | | Shares | | | | | | | | | | | - ------------------------|-------------|----------|------------|--------|---------|-------|--------|--------|-----------|------------ Directors Stock Option | | | | | | | |Common | | Award | 24.9375 | 1/2/1998 | A |2,000.00| |7/1/98 | 1/1/03 | Stock | 2,000.00 | 24.9375 - ------------------------|-------------|----------|------------|--------|---------|-------|--------|--------|-----------|------------ | | | | | | | | | | | | | | | | | | | | - ------------------------|-------------|----------|------------|--------|---------|-------|--------|--------|-----------|------------ | | | | | | | | | | | | | | | | | | | | - ------------------------|-------------|----------|------------|--------|---------|-------|--------|--------|-----------|------------ | | | | | | | | | | | | | | | | | | | | - ------------------------|-------------|----------|------------|--------|---------|-------|--------|--------|-----------|------------ | | | | | | | | | | - ------------------------|-------------|----------|------------|--------|---------|-------|--------|--------|-----------|------------ | | | | | | | | | | - ------------------------|-------------|----------|------------|--------|---------|-------|--------|--------|-----------|------------ | | | | | | | | | | - ------------------------------------------------------------------------------------------------------------------------------------ 9. Number of | 10. Ownership of | 11. Nature of | Derivative | Derivative | Indirect | Securities | Security: | Beneficial | Beneficially | Direct (D) | Ownership | Owned at End | or Indirect (I) | (Instr. 4) | of Year | (Instr. 4) | | (Instr. 4) | | | | | | - ------------------|------------------------|------------------------------| 3,500.00 | D | | - ------------------|------------------------|------------------------------| | | | - ------------------|------------------------|------------------------------| | | | - ------------------|------------------------|------------------------------| | | | - ------------------|------------------------|------------------------------| | | | - ------------------|------------------------|------------------------------| | | | - --------------------------------------------------------------------------| Explanation of Responses: **Intentional misstatements or omissions of facts constitute Federal Criminal Violations. /s/ John C. McKelvey 1/28/99 See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). --------------------- ------------------ **Signature of Date Reporting Person Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure. Potential persons who are to respond to the collection of information contained in this Page 2 form are not required to respond unless the form displays a currently valid OMB Number. SEC 2270 (7/96)