LANDSTAR SYSTEM INC — Director's Dealing 2009

Dec 23, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LANDSTAR SYSTEM INC (LSTR)
CIK: 0000853816
Period of Report: 2009-12-21

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-12-21	Common Stock	M	96222	$26.4688	Acquired	192361	Direct
2009-12-21	Common Stock	F	73031	$39.37	Disposed	119330	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-12-21	Stock Options (Right to Buy)	$26.4688	M	96222	Disposed	2014-07-01	Common Stock (96222)	Direct

Footnotes

F1: Represents shares withheld to pay the exercise price and tax withholding obligations.