Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF 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 *
  Lehmkuhl Walter G
2. Date of Event Requiring Statement (Month/Day/Year)
09/20/2011
3. Issuer Name and Ticker or Trading Symbol
Con-way Inc. [CNW]
(Last)
(First)
(Middle)
1717 NW 21ST AVE
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Executive Vice President
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

PORTLAND, OR 97209
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 Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 135
D
 
Common Stock 924.7327
I
by 401(k)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Non-Qualified Stock Option (right to buy)   (1) 01/26/2019 Common Stock 12,085 $ 20.27 D  
Non-Qualified Stock Option (right to buy)   (1) 02/07/2021 Common Stock 14,455 $ 31.89 D  
Non-Qualified Stock Option (right to buy)   (2) 01/28/2018 Common Stock 6,052 $ 44.09 D  
Non-Qualified Stock Option (right to buy)   (2) 01/24/2015 Common Stock 4,300 $ 46.02 D  
Non-Qualified Stock Option (right to buy)   (2) 01/29/2017 Common Stock 6,500 $ 46.65 D  
Non-Qualified Stock Option (right to buy)   (2) 10/17/2015 Common Stock 8,000 $ 51.72 D  
Non-Qualified Stock Option (right to buy)   (2) 01/22/2016 Common Stock 3,000 $ 55.2 D  
Restricted Stock Units   (3)   (3) Common Stock 21,382 $ (4) D  
Stock Appreciation Rights   (5) 02/09/2020 Common Stock 14,165 $ 28.92 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Lehmkuhl Walter G
1717 NW 21ST AVE
PORTLAND, OR 97209
      Executive Vice President  

Signatures

By: Jessica Carbullido For: Walter G. Lehmkuhl 09/22/2011
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(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) The option vests in three equal annual installments beginning January 1 following the date of grant.
(2) The option is fully vested and exercisable.
(3) The total share amount represents restricted stock unit awards granted on 1/26/2009, 2/9/2010, and 2/7/2011. These RSUs vest on the third anniversary of the grant date. The shares will be delivered to the reporting person upon vest of RSUs.
(4) Each restricted stock unit represents a contingent right to receive one share of common stock at no cost to the reporting person.
(5) Cash-settled SARs vest in three equal annual installments beginning on January 1 following the date of grant and expire 10 years from the date of grant.

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