Edgar Filing: Con-way Inc.

Ownership Submission

FORM 4

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

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(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

McClimon David Scott

2. Issuer Name and Ticker or Trading Symbol
Con-way Inc. [CNW]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

_____ Director	_____ 10% Owner
__X__ Officer (give title below)	_____ Other (specify below)
Sr VP CNF/Presient CTS

(Last)

(First)

(Middle)

2855 CAMPUS DRIVE, SUITE 300

3. Date of Earliest Transaction (Month/Day/Year)
01/29/2007

(Street)

SAN MATEO, CA 94403

4. If Amendment, Date Original Filed(Month/Day/Year)

6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

(City)

(State)

(Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	01/29/2007		A		7,500	A	$ 0	7,500	D
Common Stock ⁽¹⁾	03/14/2006		J	V	1.9534	A	$ 53.0847	1,038.8468	I	by 401(k)
Common Stock ⁽¹⁾	04/04/2006		J	V	45.6902	A	$ 51.1644	1,084.537	I	by 401(k)
Common Stock ⁽¹⁾	06/14/2006		J	V	1.9608	A	$ 55.3139	1,086.4978	I	by 401(k)
Common Stock ⁽¹⁾	07/05/2006		J	V	0.8785	A	$ 58.2244	1,087.3763	I	by 401(k)
Common Stock ⁽¹⁾	09/14/2006		J	V	2.3351	A	$ 46.5653	1,089.7114	I	by 401(k)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
	Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.		SEC 1474 (9-02)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security
(Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code
(Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date
(Month/Day/Year)

7. Title and Amount of Underlying Securities
(Instr. 3 and 4)

8. Price of Derivative Security
(Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)

11. Nature of Indirect Beneficial Ownership
(Instr. 4)

Code

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Incentive Stock Option (right to buy)

$ 46.65

01/29/2007

2,143

⁽²⁾

01/29/2017

Common Stock

2,143

$ 0

2,143

Non-Qualified Stock Option (right to buy)

$ 46.65

01/29/2007

31,857

⁽²⁾

01/29/2017

Common Stock

31,857

$ 0

31,857

Series B Preferred Stock ⁽³⁾

⁽³⁾

04/04/2006

5.8389

⁽³⁾

Common Stock

5.8389

$ 152.1

260.733

by 401(k)

Series B Preferred Stock ⁽³⁾

⁽³⁾

07/03/2006

11.0812

⁽³⁾

Common Stock

11.0812

$ 152.1

271.8142

by 401(k)

Series B Preferred Stock ⁽³⁾

⁽³⁾

07/05/2006

0.1515

⁽³⁾

Common Stock

0.1515

$ 152.1

271.9657

by 401(k)

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
McClimon David Scott 2855 CAMPUS DRIVE, SUITE 300 SAN MATEO, CA 94403			Sr VP CNF/Presient CTS

Signatures

By: Gary S. Cullen, Attorney-in-Fact For: David S. McClimon		01/31/2007
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	These shares were acquired under the Con-way Thrift and Stock Plan either as matching contributions or in lieu of cash dividends.
(2)	The option vests in three equal annual installments, beginning on the January 1 following the date of grant.
(3)	These shares were acquired under the Con-way Thrift and Stock Plan as matching contributions or in lieu of cash dividends on other Series B preferred. Each Series B share converts to 4.708 shares of common stock at the option of the Trustee. Upon termination of plan participation each Series B preferred share, with a market value of $152.10, is converted to the equivalent number of common shares, but in no event fewer than 4.708 shares.

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