_____________________
| OMB APPROVAL |
|_____________________|
|OMB NUMBER: 3235-0145|
UNITED STATES |EXPIRES: |
SECURITIES AND EXCHANGE COMMISSION | DECEMBER 31, 2005 |
Washington, D.C. 20549 |ESTIMATED AVERAGE |
|BURDEN HOURS |
|PER RESPONSE ...11 |
SCHEDULE 13G |_____________________|
Under the Securities Exchange Act of 1934
(Amendment No. _____)*
Yellow Corporation
------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, Par Value $1.00 Per Share
------------------------------------------------------------------------------
(Title of Class and Securities)
985509108
----------------------------------------------------
(CUSIP Number)
October 3, 2003
------------------------------------------------------------------------------
(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).
------------------------------------------------------------------------------
CUSIP No. 985509108 SCHEDULE 13G
------------------------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
Ziff Asset Management, L.P.
------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions):
(a) [ ]
(b) [ ]
------------------------------------------------------------------------------
(3) SEC USE ONLY
------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
------------------------------------------------------------------------------
(5) SOLE VOTING POWER
NUMBER OF
SHARES -------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 2,075,000
EACH -------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON
WITH -------------------------------------------
(8) SHARED DISPOSITIVE POWER
2,075,000
------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,075,000
------------------------------------------------------------------------------
(10) CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See
Instructions) [ ]
------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7%
------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON (See Instructions)
PN
------------------------------------------------------------------------------
------------------------------------------------------------------------------
CUSIP No. 985509108 SCHEDULE 13G
------------------------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
PBK Holdings, Inc.
------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions):
(a) [ ]
(b) [ ]
------------------------------------------------------------------------------
(3) SEC USE ONLY
------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
------------------------------------------------------------------------------
(5) SOLE VOTING POWER
NUMBER OF
SHARES -------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 2,075,000
EACH -------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON
WITH -------------------------------------------
(8) SHARED DISPOSITIVE POWER
2,075,000
------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,075,000
------------------------------------------------------------------------------
(10) CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See
Instructions) [ ]
------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7%
------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON (See Instructions)
CO
------------------------------------------------------------------------------
------------------------------------------------------------------------------
CUSIP No. 985509108 SCHEDULE 13G
------------------------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
Philip B. Korsant
------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions):
(a) [ ]
(b) [ ]
------------------------------------------------------------------------------
(3) SEC USE ONLY
------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
------------------------------------------------------------------------------
(5) SOLE VOTING POWER
NUMBER OF
SHARES -------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 2,075,000
EACH -------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON
WITH -------------------------------------------
(8) SHARED DISPOSITIVE POWER
2,075,000
------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,075,000
------------------------------------------------------------------------------
(10) CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See
Instructions) [ ]
------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7%
------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON (See Instructions)
IN
------------------------------------------------------------------------------
Item 1(a). Name of Issuer:
Yellow Corporation
Item 1(b). Address of Issuer's Principal Executive Offices:
10990 Roe Avenue
Overland Park, Kansas 66211
Item 2(a). Name of Persons Filing:
This Schedule 13G is being filed on behalf of the following
persons ("Reporting Persons")*:
(i) Ziff Asset Management, L.P. ("ZAM")
(ii) PBK Holdings, Inc. ("PBK Holdings")
(iii) Philip B. Korsant ("Korsant")
* Attached as Exhibit A is a copy of an agreement among the
Reporting Persons stating (as specified hereinabove) that this
Schedule 13G is being filed on behalf of each of them.
Item 2(b). Address of Principal Business Office or, if None, Residence:
Ziff Asset Management, L.P.
c/o: PBK Holdings, Inc.
283 Greenwich Avenue
Greenwich, CT 06830
PBK Holdings, Inc.
283 Greenwich Avenue
Greenwich, CT 06830
Philip B. Korsant
283 Greenwich Avenue
Greenwich, CT 06830
Item 2(c). Citizenship:
See Item 4 of the attached cover pages
Item 2(d). Title of Class of Securities:
Common Stock, par value $1.00 per share
Item 2(e). CUSIP Number:
985509108
Item 3. If This Statement is Filed Pursuant to Sections 240.13d-1(b) or
240.13d-2(b), Check Whether the Person Filing is a:
(a) [ ] Broker or dealer registered under section 15 of the Act
(15 U.S.C. 78o).
(b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
(c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15
U.S.C. 78c).
(d) [ ] Investment company registered under section 8 of the Investment
Company Act of 1940 (15 U.S.C. 80a-8).
(e) [ ] An investment adviser in accordance with Section
240.13d-1(b)(1)(ii)(E);
(f) [ ] An employee benefit plan or endowment fund in accordance with
Section 240.13d-1(b)(1)(ii)(F);
(g) [ ] A parent holding company or control person in accordance with
Section 240.13d-1(b)(1)(ii)(G);
(h) [ ] A savings associations 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);
Item 3 is not applicable as this Schedule is filed pursuant to Rule
13d-1(c)
Item 4. Ownership.
(a) Amount Beneficially Owned: See Item 9 of the attached cover pages
(b) Percent of Class: See Item 11 of the attached cover pages
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
See Item 5 of the attached cover pages
(ii) Shared power to vote or to direct the vote:
See Item 6 of the attached cover pages
(iii) Sole power to dispose or to direct the disposition of:
See Item 7 of the attached cover pages
(iv) Shared power to dispose or to direct the disposition of:
See Item 8 of the attached cover 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 5 is not applicable
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
PBK Holdings, as the general partner of ZAM, and Korsant, as
the sole shareholder of PBK Holdings, may have the right to receive or the
power to direct the receipt of dividends from, or the proceeds from the sale
of, securities of the Issuer held in the name of ZAM.
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent Holding
Company or Controlling Person.
Item 7 is not applicable
Item 8. Identification and Classification of Members of the Group.
Item 8 is not applicable
Item 9. Notice of Dissolution of Group
Item 9 is 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 the
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.
Date: October [ ], 2003
ZIFF ASSET MANAGEMENT, L.P.
By: PBK Holdings, Inc., its general partner
By: /s/ F. Fogel
--------------------------------
Name: F. Fogel
Title: Vice President
PBK HOLDINGS, INC.
By: /s/ F. Fogel
-------------------------------
Name: F. Fogel
Title: Vice President
PHILIP B. KORSANT
/s/ Philip B. Korsant
----------------------------------
EXHIBIT A
The undersigned, Ziff Asset Management, L.P., a Delaware limited
partnership, PBK Holdings, Inc., a Delaware corporation, and Philip B.
Korsant, hereby agree and acknowledge that the information required by this
Schedule 13G, to which this Agreement is attached as an exhibit, is filed on
behalf of each of them. The undersigned further agree that any further
amendments or supplements thereto shall also be filed on behalf of each of
them.
Dated: October __, 2003
ZIFF ASSET MANAGEMENT, L.P.
By: PBK Holdings, Inc., its general
partner
By: /s/ F. Fogel
----------------------------
Name: F. Fogel
Title: Vice President
PBK HOLDINGS, INC.
By: /s/ F. Fogel
--------------------------------
Name: F. Fogel
Title: Vice President
PHILIP B. KORSANT
/s/ Philip B. Korsant
------------------------------------