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LANDSTAR SYSTEM INC Director's Dealing 2006

Feb 8, 2006

31139_dirs_2006-02-08_f9643eee-f2c4-49c8-a4cd-69f14a2bc3ca.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: 2006-02-07

Reporting Person: Gattoni James B (Vice President - Controller)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2006-02-07 Common Stock M 5120 $8.1173 Acquired 26136 Direct
2006-02-07 Common Stock M 4800 $8.556 Acquired 30936 Direct
2006-02-07 Common Stock M 4720 $13.1075 Acquired 35656 Direct
2006-02-07 Common Stock M 2400 $14.6207 Acquired 38056 Direct
2006-02-07 Common Stock S 2100 $42.1 Disposed 35956 Direct
2006-02-07 Common Stock S 300 $42.11 Disposed 35656 Direct
2006-02-07 Common Stock S 2200 $42.12 Disposed 33456 Direct
2006-02-07 Common Stock S 400 $42.13 Disposed 33056 Direct
2006-02-07 Common Stock S 932 $42.25 Disposed 32124 Direct
2006-02-07 Common Stock S 624 $42.3 Disposed 31500 Direct
2006-02-07 Common Stock S 1800 $42.5 Disposed 29700 Direct
2006-02-07 Common Stock S 200 $42.52 Disposed 29500 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2006-02-07 Stock Options (Right to buy) $8.1173 M 5120 Disposed 2011-02-07 Common Stock (5120) Direct
2006-02-07 Stock Options (Right to buy) $8.556 M 4800 Disposed 2011-06-29 Common Stock (4800) Direct
2006-02-07 Stock Options (Right to buy) $13.1075 M 4720 Disposed 2013-02-05 Common Stock (4720) Direct
2006-02-07 Stock Options (Right to buy) $14.6207 M 2400 Disposed 2013-01-02 Common Stock (2400) Direct