LANDSTAR SYSTEM INC — Director's Dealing 2007

Feb 5, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LANDSTAR SYSTEM INC (LSTR)
CIK: 0000853816
Period of Report: 2007-02-01

Reporting Person: Handoush Jim M (President - Landstar Global)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-02-05	Common Stock	M	4240	$13.1075	Acquired	26560	Direct
2007-02-05	Common Stock	M	800	$14.6207	Acquired	27360	Direct
2007-02-05	Common Stock	S	422	$44.9	Disposed	26938	Direct
2007-02-05	Common Stock	S	2776	$44.91	Disposed	24162	Direct
2007-02-05	Common Stock	S	800	$44.92	Disposed	23362	Direct
2007-02-05	Common Stock	S	102	$44.93	Disposed	23260	Direct
2007-02-05	Common Stock	S	100	$44.94	Disposed	23160	Direct
2007-02-05	Common Stock	S	400	$44.96	Disposed	22760	Direct
2007-02-05	Common Stock	S	400	$44.97	Disposed	22360	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-02-01	Stock Options (Right to buy)	$44.32	A	9000	Acquired	2017-02-01	Common Stock (9000)	Direct
2007-02-05	Stock Options (Right to buy)	$13.1075	M	4240	Disposed	2013-02-05	Common Stock (4240)	Direct
2007-02-05	Stock Options (Right to buy)	$14.6207	M	800	Disposed	2013-01-02	Common Stock (800)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	818	Indirect

Footnotes

F1: Options become exercisable in 3 equal annual installments beginning 02/01/2008