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LANDSTAR SYSTEM INC Director's Dealing 2008

Feb 8, 2008

31139_dirs_2008-02-08_862c65d9-cefe-4471-af47-c38223e96964.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: 2008-02-06

Reporting Person: ELSTON WILLIAM S (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-02-06	Common Stock	M	17000	$8.0788	Acquired	25871	Indirect
2008-02-06	Common Stock	S	4500	$48.3	Disposed	21371	Indirect
2008-02-06	Common Stock	S	200	$48.31	Disposed	21171	Indirect
2008-02-06	Common Stock	S	100	$48.32	Disposed	21071	Indirect
2008-02-06	Common Stock	S	77	$48.33	Disposed	20994	Indirect
2008-02-06	Common Stock	S	100	$48.34	Disposed	20894	Indirect
2008-02-06	Common Stock	S	23	$48.35	Disposed	20871	Indirect
2008-02-08	Common Stock	S	16707	$48	Disposed	4164	Indirect
2008-02-08	Common Stock	S	293	$48.01	Disposed	3871	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-02-06	Stock Options (Right to buy)	$8.0788	M	17000	Disposed	2011-05-17	Common Stock (17000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	12000	Direct

Footnotes

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