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LANDSTAR SYSTEM INC Director's Dealing 2006

Mar 17, 2006

31139_dirs_2006-03-17_3b10222b-31da-44ff-8477-da270be0cf4f.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: 2006-03-15

Reporting Person: PUNDT JEFFREY L (President - Landstar Carrier)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-03-15	Common Stock	S	960	$46.36	Disposed	21380	Direct
2006-03-15	Common Stock	S	7000	$46.37	Disposed	14380	Direct
2006-03-15	Common Stock	S	4000	$46.42	Disposed	10380	Direct
2006-03-15	Common Stock	S	5000	$46.48	Disposed	5380	Direct
2006-03-17	Common Stock	M	10880	$8.1173	Acquired	16260	Direct
2006-03-17	Common Stock	M	4800	$8.556	Acquired	21060	Direct
2006-03-17	Common Stock	M	11360	$13.1075	Acquired	32420	Direct
2006-03-17	Common Stock	M	800	$14.6207	Acquired	33220	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-03-17	Stock Options (Right to buy)	$8.1173	M	10880	Disposed	2011-02-07	Common Stock (10880)	Direct
2006-03-17	Stock Options (Right to buy)	$8.556	M	4800	Disposed	2011-06-29	Common Stock (4800)	Direct
2006-03-17	Stock Options (Right to buy)	$13.1075	M	11360	Disposed	2013-02-05	Common Stock (11360)	Direct
2006-03-17	Stock Options (Right to buy)	$14.6207	M	800	Disposed	2013-01-02	Common Stock (800)	Direct