SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Kemp Wesley B

(Last) (First) (Middle)
3801 OLD GREENWOOD ROAD

(Street)
FORT SMITH AR 72903

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
ARKANSAS BEST CORP /DE/ [ ABFS ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
ABF President & CEO (1)
3. Date of Earliest Transaction (Month/Day/Year)
11/17/2010
4. If Amendment, Date of 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
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)
Code V Amount (A) or (D) Price
Common Stock, par value $0.01 per share (1) 11/17/2010 F 26 (2) (3) D $24.15 34,354 D
Common Stock, par value $0.01 per share 11/18/2010 M 10,000 A $24.375 44,354 D
Common Stock, par value $0.01 per share 11/18/2010 S 10,000 D $24.6955 (4) 34,354 D
Common Stock, par value $0.01 per share 2,634.801 I by Wesley B. Kemp Trust (5)
Common Stock, par value $0.01 per share 13,225 I by Sharon Ann Kemp Trust (6)
Common Stock, par value $0.01 per share 2,004.701 I by 401(k) Plan (7)
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 Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to Buy) $24.375 11/18/2010 M 10,000 (8) 01/17/2011 Common Stock Par Value, $0.01 Per Share 10,000 (9) 0 D
Explanation of Responses:
1. Full title of officer is President and Chief Executive Officer, ABF Freight System, Inc., a wholly owned subsidiary.
2. Shares have been rounded to the next whole share.
3. Restricted Stock shares net settled and cancelled for employee's minimum federal and state tax withholding obligations under the Company's 2006 Restricted Stock Award Agreement.
4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.66 to $24.79, inclusive.
5. Mr. Kemp is trustee of the Wesley B. Kemp Trust.
6. Mr. Kemp holds power of attorney over the Sharon Ann Kemp Living Trust April 16, 2001.
7. Calculation of stock shares in 401(k) account is based on Arkansas Best Corporation Stock Fund figures provided by the fund management company on 11/18/2010.
8. The option is exercisable in five (5) annual installments beginning on 1/18/2006.
9. Field intentionally left blank.
Remarks:
/s/ Wesley B. Kemp 11/19/2010
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
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