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*
ALGER GLENN M

(Last) (First) (Middle)
1015 THIRD AVENUE, 12TH FLOOR

(Street)
SEATTLE WA 98104

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
EXPEDITORS INTERNATIONAL OF WASHINGTON INC [ EXPD ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
President and COO
3. Date of Earliest Transaction (Month/Day/Year)
02/20/2007
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(1)(2) 02/20/2007 M 116,748 A $5.49 1,108,021.062 D
Common Stock 02/20/2007 M 47,528 A $8.02 1,155,549.062 D
Common Stock 02/20/2007 M 149,448 A $9.48 1,304,997.062 D
Common Stock 02/20/2007 M 151,956 A $12.43 1,456,953.062 D
Common Stock 02/20/2007 M 90,000 A $14.29 1,546,953.062 D
Common Stock 02/20/2007 M 25,000 A $18.3 1,571,953.062 D
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 Options (Right to buy) $5.49 02/20/2007 M 116,748 05/07/2001 05/07/2008 Common Stock 116,748 $0 0 D
Stock Options (Right to buy) $8.02 02/20/2007 M 47,528 05/05/2002 05/05/2009 Common Stock 47,528 $0 0 D
Stock Options (Right to buy) $9.48 02/20/2007 M 149,448 05/03/2003 05/03/2010 Common Stock 149,448 $0 0 D
Stock Options (Right to buy) $12.43 02/20/2007 M 151,956 05/09/2004 05/09/2011 Common Stock 151,956 $0 0 D
Stock Options (Right to buy) $14.29 02/20/2007 M 90,000 05/08/2005 05/08/2012 Common Stock 90,000 $0 30,000 D
Stock Options (Right to buy) $18.3 02/20/2007 M 25,000 05/07/2006 05/07/2013 Common Stock 25,000 $0 25,000 D
Explanation of Responses:
1. Beginning balance of Common Stock beneficially owned includes 13.2534 shares acquired on December 15, 2006 pursuant to the reinvestment of a dividend under Expeditors 2002 Employee Stock Purchase Plan.
2. Form 1 of 2 related to stock option exercise on February 20, 2007 resulting in final balance of shares of Common Stock owned equal to 991,273.062
Glenn M Alger 02/21/2007
** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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 Number.