LANDSTAR SYSTEM INC — Director's Dealing 2006

Jan 9, 2006

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: LANDSTAR SYSTEM INC (LSTR)
CIK: 0000853816
Period of Report: 2006-01-05

Reporting Person: Beacom Joseph J (VP, Chief Safety Officer)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4800	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options (Right to buy)	$13.1075	2013-02-05	Common Stock (16980)		Direct
Stock Options (Right to buy)	$14.6207	2013-01-02	Common Stock (3200)		Direct
Stock Options (Right to buy)	$19.025	2014-01-02	Common Stock (30000)		Direct
Stock Options (Right to buy)	$32.13	2015-01-27	Common Stock (4000)		Direct

Footnotes

F1: Options became exercisable as to 1,620 shares on 02/05/2005, and become exercisable as to the remaining 15,360 shares in 3 equal annual installments of 5,120 shares beginning 02/05/2006.

F2: Options became exercisable as to 800 shares on 01/02/2005 and 800 shares on 01/02/2006, and become exercisable as to the remaining 1,600 shares in 2 equal annual installments of 800 shares beginning 01/02/2007.

F3: Options become exercisable in 4 equal annual installments of 800 shares beginning 01/27/2006