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LANDSTAR SYSTEM INC Director's Dealing 2008

Jan 4, 2008

31139_dirs_2008-01-04_7f37574e-08d1-4b4e-8f08-9e7c6bd6248e.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: 2008-01-02

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

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2008-01-02 Stock Options (Right to buy) $41.57 A 400000 Acquired 2018-01-02 Common Stock (400000) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 131139 Direct

Footnotes

F1: Options become exercisable as to 133,333 shares each on 01/02/2011 and 01/02/2012, and 133,334 shares on 01/02/2013.