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LANDSTAR SYSTEM INC Director's Dealing 2006

Oct 31, 2006

31139_dirs_2006-10-31_65a411c1-6f47-44ed-8ccd-bcb2a687fb23.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LANDSTAR SYSTEM INC (LSTR)
CIK: 0000853816
Period of Report: 2006-10-27

Reporting Person: STANLEY RONALD G (Vice President & COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-10-27	Common Stock	M	6560	$8.1173	Acquired	25256	Direct
2006-10-27	Common Stock	M	8000	$14.6207	Acquired	33256	Direct
2006-10-27	Common Stock	M	2400	$32.13	Acquired	35656	Direct
2006-10-27	Common Stock	M	13334	$37.3088	Acquired	48990	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-10-27	Stock Options (Right to buy)	$8.1173	M	6560	Disposed	2011-02-07	Common Stock (6560)	Direct
2006-10-27	Stock Options (Right to buy)	$14.6207	M	8000	Disposed	2013-01-02	Common Stock (8000)	Direct
2006-10-27	Stock Options (Right to buy)	$32.13	M	2400	Disposed	2015-01-27	Common Stock (2400)	Direct
2006-10-27	Stock Options (Right to buy)	$37.3088	M	13334	Disposed	2015-01-03	Common Stock (13334)	Direct