LANDSTAR SYSTEM INC — Director's Dealing 2006

Jul 26, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LANDSTAR SYSTEM INC (LSTR)
CIK: 0000853816
Period of Report: 2006-07-24

Reporting Person: CROWE JEFFREY C (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-07-24	Common Stock	M	9176	$5.8594	Acquired	92492	Direct
2006-07-24	Common Stock	M	36644	$8.1173	Acquired	129136	Direct
2006-07-24	Common Stock	M	60000	$14.6207	Acquired	189136	Direct
2006-07-24	Common Stock	S	400	$43.03	Disposed	188736	Direct
2006-07-24	Common Stock	S	700	$43.04	Disposed	188036	Direct
2006-07-24	Common Stock	S	18	$43.05	Disposed	188018	Direct
2006-07-24	Common Stock	S	237	$43.06	Disposed	187781	Direct
2006-07-24	Common Stock	S	100	$43.07	Disposed	187681	Direct
2006-07-24	Common Stock	S	645	$43.08	Disposed	187036	Direct
2006-07-24	Common Stock	S	100	$43.1	Disposed	186936	Direct
2006-07-24	Common Stock	S	400	$43.11	Disposed	186536	Direct
2006-07-24	Common Stock	S	300	$43.12	Disposed	186236	Direct
2006-07-24	Common Stock	S	400	$43.14	Disposed	185836	Direct
2006-07-24	Common Stock	S	1850	$43.15	Disposed	183986	Direct
2006-07-24	Common Stock	S	1000	$43.16	Disposed	182986	Direct
2006-07-24	Common Stock	S	209	$43.17	Disposed	182777	Direct
2006-07-24	Common Stock	S	365	$43.18	Disposed	182412	Direct
2006-07-24	Common Stock	S	259	$43.19	Disposed	182153	Direct
2006-07-24	Common Stock	S	968	$43.2	Disposed	181185	Direct
2006-07-24	Common Stock	S	1814	$43.21	Disposed	179371	Direct
2006-07-24	Common Stock	S	2592	$43.22	Disposed	176779	Direct
2006-07-24	Common Stock	S	1407	$43.23	Disposed	175372	Direct
2006-07-24	Common Stock	S	4005	$43.24	Disposed	171367	Direct
2006-07-24	Common Stock	S	6507	$43.25	Disposed	164860	Direct
2006-07-24	Common Stock	S	1690	$43.26	Disposed	163170	Direct
2006-07-24	Common Stock	S	2605	$43.27	Disposed	160565	Direct
2006-07-24	Common Stock	S	2129	$43.28	Disposed	158436	Direct
2006-07-24	Common Stock	S	4880	$43.29	Disposed	153556	Direct
2006-07-24	Common Stock	S	4019	$43.3	Disposed	149537	Direct
2006-07-24	Common Stock	S	1000	$43.31	Disposed	148537	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-07-24	Stock Options (Right to buy)	$5.8594	M	9176	Disposed	2010-02-02	Common Stock (9176)	Direct
2006-07-24	Stock Options (Right to buy)	$8.1173	M	36644	Disposed	2011-02-07	Common Stock (36644)	Direct
2006-07-24	Stock Options (Right to buy)	$14.6207	M	60000	Disposed	2013-01-02	Common Stock (60000)	Direct

Footnotes

F1: Options became exercisable in the amount of 24,480 on 2/7/2005 and 12,164 on 2/7/2006.

F2: Options became exercisable in the amount of 40,000 on 1/2/2005 and 20,000 on 1/2/2006.