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LANDSTAR SYSTEM INC Director's Dealing 2006

Feb 7, 2006

31139_dirs_2006-02-06_2e1f3105-8941-4575-a398-f62ca27a2035.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: 2006-02-02

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

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2006-02-02 Common Stock A 2800 Acquired 22340 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2006-02-02 Stock Options (Right to buy) $0 A 50000 Acquired 2016-02-02 Common Stock (50000) Direct

Footnotes

F1: Options become exercisable in 3 equal annual installments beginning 02/02/2007