LANDSTAR SYSTEM INC — Director's Dealing 2006

Oct 27, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LANDSTAR SYSTEM INC (LSTR)
CIK: 0000853816
Period of Report: 2006-10-25

Reporting Person: LAROSE ROBERT C (Exec. Vice President & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-10-25	Common Stock	M	8000	$8.556	Acquired	64500	Direct
2006-10-25	Common Stock	M	53334	$19.025	Acquired	117834	Direct
2006-10-25	Common Stock	S	400	$46.68	Disposed	117434	Direct
2006-10-25	Common Stock	S	602	$46.7	Disposed	116832	Direct
2006-10-25	Common Stock	S	490	$46.71	Disposed	116342	Direct
2006-10-25	Common Stock	S	500	$46.72	Disposed	115842	Direct
2006-10-25	Common Stock	S	700	$46.73	Disposed	115142	Direct
2006-10-25	Common Stock	S	1900	$46.74	Disposed	113242	Direct
2006-10-25	Common Stock	S	200	$46.75	Disposed	113042	Direct
2006-10-25	Common Stock	S	783	$46.76	Disposed	112259	Direct
2006-10-25	Common Stock	S	108	$46.77	Disposed	112151	Direct
2006-10-25	Common Stock	S	100	$46.78	Disposed	112051	Direct
2006-10-25	Common Stock	S	600	$46.79	Disposed	111451	Direct
2006-10-25	Common Stock	S	100	$46.8	Disposed	111351	Direct
2006-10-25	Common Stock	S	300	$46.81	Disposed	111051	Direct
2006-10-25	Common Stock	S	400	$46.82	Disposed	110651	Direct
2006-10-25	Common Stock	S	217	$46.83	Disposed	110434	Direct
2006-10-25	Common Stock	S	400	$46.84	Disposed	110034	Direct
2006-10-25	Common Stock	S	200	$46.85	Disposed	109834	Direct
2006-10-25	Common Stock	S	200	$46.86	Disposed	109634	Direct
2006-10-25	Common Stock	S	1886	$46.87	Disposed	107748	Direct
2006-10-25	Common Stock	S	814	$46.88	Disposed	106934	Direct
2006-10-25	Common Stock	S	800	$46.91	Disposed	106134	Direct
2006-10-25	Common Stock	S	500	$46.92	Disposed	105634	Direct
2006-10-25	Common Stock	S	700	$46.94	Disposed	104934	Direct
2006-10-25	Common Stock	S	1700	$46.95	Disposed	103234	Direct
2006-10-25	Common Stock	S	400	$46.96	Disposed	102834	Direct
2006-10-25	Common Stock	S	3100	$46.97	Disposed	99734	Direct
2006-10-25	Common Stock	S	2298	$46.98	Disposed	97436	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-10-25	Stock Options (Right to buy)	$8.556	M	8000	Disposed	2011-06-29	Common Stock (8000)	Direct
2006-10-25	Stock Options (Right to buy)	$19.025	M	53334	Disposed	2014-01-02	Common Stock (53334)	Direct

Footnotes

F1: Options became exercisable in the amount of 26,668 on 01/02/2005 and 26,666 on 01/02/2006.