LANDSTAR SYSTEM INC — Director's Dealing 2006

Feb 14, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LANDSTAR SYSTEM INC (LSTR)
CIK: 0000853816
Period of Report: 2006-02-10

Reporting Person: Handoush Jim M (President - Landstar Global)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-02-10	Common Stock	M	4640	$8.1173	Acquired	25280	Direct
2006-02-10	Common Stock	M	4240	$13.1075	Acquired	29520	Direct
2006-02-10	Common Stock	M	800	$14.6207	Acquired	30320	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-02-10	Stock Options (Right to buy)	$8.1173	M	4640	Disposed	2011-02-07	Common Stock (4640)	Direct
2006-02-10	Stock Options (Right to buy)	$13.1075	M	4240	Disposed	2013-02-05	Common Stock (4240)	Direct
2006-02-10	Stock Options (Right to buy)	$14.6207	M	800	Disposed	2013-01-02	Common Stock (800)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	818	Indirect