LANDSTAR SYSTEM INC — Director's Dealing 2006

May 3, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LANDSTAR SYSTEM INC (LSTR)
CIK: 0000853816
Period of Report: 2006-04-28

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-04-28	Common Stock	M	50000	$14.6207	Acquired	167092	Direct
2006-05-01	Common Stock	S	100	$42.03	Disposed	166992	Direct
2006-05-01	Common Stock	S	34	$42.04	Disposed	166958	Direct
2006-05-01	Common Stock	S	604	$42.05	Disposed	166354	Direct
2006-05-01	Common Stock	S	1000	$42.06	Disposed	165354	Direct
2006-05-01	Common Stock	S	296	$42.07	Disposed	165058	Direct
2006-05-01	Common Stock	S	700	$42.08	Disposed	164358	Direct
2006-05-01	Common Stock	S	400	$42.09	Disposed	163958	Direct
2006-05-01	Common Stock	S	401	$42.1	Disposed	163557	Direct
2006-05-01	Common Stock	S	199	$42.12	Disposed	163358	Direct
2006-05-01	Common Stock	S	100	$42.13	Disposed	163258	Direct
2006-05-01	Common Stock	S	200	$42.15	Disposed	163058	Direct
2006-05-01	Common Stock	S	441	$42.16	Disposed	162617	Direct
2006-05-01	Common Stock	S	559	$42.17	Disposed	162058	Direct
2006-05-01	Common Stock	S	700	$42.18	Disposed	161358	Direct
2006-05-01	Common Stock	S	498	$42.19	Disposed	160860	Direct
2006-05-01	Common Stock	S	82	$42.2	Disposed	160778	Direct
2006-05-01	Common Stock	S	300	$42.21	Disposed	160478	Direct
2006-05-01	Common Stock	S	400	$42.22	Disposed	160078	Direct
2006-05-01	Common Stock	S	800	$42.23	Disposed	159278	Direct
2006-05-01	Common Stock	S	702	$42.24	Disposed	158576	Direct
2006-05-01	Common Stock	S	418	$42.25	Disposed	158158	Direct
2006-05-01	Common Stock	S	314	$42.26	Disposed	157844	Direct
2006-05-01	Common Stock	S	499	$42.27	Disposed	157345	Direct
2006-05-01	Common Stock	S	1301	$42.28	Disposed	156044	Direct
2006-05-01	Common Stock	S	1214	$42.29	Disposed	154830	Direct
2006-05-01	Common Stock	S	668	$42.3	Disposed	154162	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-04-28	Stock Options (Right to buy)	$14.6207	M	50000	Disposed	2013-01-02	Common Stock (50000)	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.

F2: Options became exercisable in the amount of 22,616 on January 2, 2005, and 27,384 on January 2, 2006.