LANDSTAR SYSTEM INC — Director's Dealing 2007

Feb 8, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LANDSTAR SYSTEM INC (LSTR)
CIK: 0000853816
Period of Report: 2007-02-07

Reporting Person: ELSTON WILLIAM S (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-02-07	Common Stock	M	12000	$8.0788	Acquired	30871	Indirect
2007-02-07	Common Stock	S	1579	$44.5	Disposed	29292	Indirect
2007-02-07	Common Stock	S	1000	$44.56	Disposed	28292	Indirect
2007-02-07	Common Stock	S	400	$44.58	Disposed	27892	Indirect
2007-02-07	Common Stock	S	100	$44.61	Disposed	27792	Indirect
2007-02-07	Common Stock	S	700	$44.64	Disposed	27092	Indirect
2007-02-07	Common Stock	S	400	$44.66	Disposed	26692	Indirect
2007-02-07	Common Stock	S	1000	$44.72	Disposed	25692	Indirect
2007-02-07	Common Stock	S	100	$44.75	Disposed	25592	Indirect
2007-02-07	Common Stock	S	100	$44.78	Disposed	25492	Indirect
2007-02-07	Common Stock	S	400	$44.81	Disposed	25092	Indirect
2007-02-07	Common Stock	S	300	$44.86	Disposed	24792	Indirect
2007-02-07	Common Stock	S	200	$44.87	Disposed	24592	Indirect
2007-02-07	Common Stock	S	721	$44.89	Disposed	23871	Indirect
2007-02-07	Common Stock	S	5000	$45.38	Disposed	18871	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-02-07	Stock Options (Right to buy)	$8.0788	M	12000	Disposed	2011-05-17	Common Stock (12000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	6000	Direct

Footnotes

F1: By Revocable Living Trust Dated January 22, 1993 for William S. and Marilyn K. Elston, Trustees