LANDSTAR SYSTEM INC — Director's Dealing 2007

May 4, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LANDSTAR SYSTEM INC (LSTR)
CIK: 0000853816
Period of Report: 2007-05-02

Reporting Person: GERKENS HENRY H (Director, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-05-02	Common Stock	M	29410	$19.025	Acquired	129410	Direct
2007-05-03	Common Stock	M	117616	$37.3088	Acquired	247026	Direct
2007-05-03	Common Stock	S	400	$50.03	Disposed	246626	Direct
2007-05-03	Common Stock	S	102324	$50.06	Disposed	144302	Direct
2007-05-03	Common Stock	S	7900	$50.07	Disposed	136402	Direct
2007-05-03	Common Stock	S	9824	$50.08	Disposed	126578	Direct
2007-05-03	Common Stock	S	4436	$50.09	Disposed	122142	Direct
2007-05-03	Common Stock	S	2700	$50.1	Disposed	119442	Direct
2007-05-03	Common Stock	S	2600	$50.11	Disposed	116842	Direct
2007-05-03	Common Stock	S	600	$50.12	Disposed	116242	Direct
2007-05-03	Common Stock	S	1442	$50.13	Disposed	114800	Direct
2007-05-03	Common Stock	S	100	$50.14	Disposed	114700	Direct
2007-05-03	Common Stock	S	649	$50.15	Disposed	114051	Direct
2007-05-03	Common Stock	S	200	$50.16	Disposed	113851	Direct
2007-05-03	Common Stock	S	139	$50.17	Disposed	113712	Direct
2007-05-03	Common Stock	S	200	$50.19	Disposed	113512	Direct
2007-05-03	Common Stock	S	100	$50.2	Disposed	113412	Direct
2007-05-03	Common Stock	S	100	$50.21	Disposed	113312	Direct
2007-05-03	Common Stock	S	100	$50.22	Disposed	113212	Direct
2007-05-03	Common Stock	S	100	$50.23	Disposed	113112	Direct
2007-05-03	Common Stock	S	200	$50.27	Disposed	112912	Direct
2007-05-03	Common Stock	S	112	$50.29	Disposed	112800	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-05-02	Stock Options (Right to buy)	$19.025	M	29410	Disposed	2014-01-02	Common Stock (29410)	Direct
2007-05-03	Stock Options (Right to buy)	$37.3088	M	117616	Disposed	2015-01-03	Common Stock (117616)	Direct

Footnotes

F1: The stock option exercises and sales of common stock reported on this Form 4 were effected pursuant to a rule 10b5-1 trading plan adopted by the reporting person.

F2: Options became exercisable as to 66,667 shares on 1/3/2006 and 50,949 shares on 1/3/2007.