LANDSTAR SYSTEM INC — Director's Dealing 2005

Oct 25, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LANDSTAR SYSTEM INC (LSTR)
CIK: 0000853816
Period of Report: 2005-10-21

Reporting Person: GERKENS HENRY H (Director, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-10-21	Common Stock	M	19200	$8.556	Acquired	136292	Direct
2005-10-21	Common Stock	M	19416	$9.0482	Acquired	155708	Direct
2005-10-21	Common Stock	M	1384	$14.6207	Acquired	157092	Direct
2005-10-24	Common Stock	S	40000	$38.003	Disposed	117092	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-10-21	Stock Options (Right to buy)	$8.556	M	19200	Disposed	2011-06-29	Common Stock (19200)	Direct
2005-10-21	Stock Options (Right to buy)	$9.0482	M	19416	Disposed	2012-01-02	Common Stock (19416)	Direct
2005-10-21	Stock Options (Right to buy)	$14.6207	M	1384	Disposed	2013-01-02	Common Stock (1384)	Direct

Footnotes

F1: The stock option exercises and sales of common stock reported on this Form 4 were effected pursuant to a rule 10b5-1 trading plan adopted by the reporting person.