LANDSTAR SYSTEM INC — Director's Dealing 2009

Feb 6, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LANDSTAR SYSTEM INC (LSTR)
CIK: 0000853816
Period of Report: 2009-02-04

Reporting Person: ELSTON WILLIAM S (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-02-04	Common Stock	M	20000	$8.0788	Acquired	32000	Direct
2009-02-04	Common Stock	S	3871	$35.91	Disposed	0	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-02-04	Stock Options (Right to Buy)	$8.0788	M	20000	Disposed	2011-05-17	Common Stock (20000)	Direct

Footnotes

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

F2: Options became exercisable in the amount of 7,000 shares on 05/17/2003 and 13,000 shares on 05/17/2004