LANDSTAR SYSTEM INC — Director's Dealing 2010

Apr 30, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LANDSTAR SYSTEM INC (LSTR)
CIK: 0000853816
Period of Report: 2010-04-29

Reporting Person: Handoush Jim M (Co-Chief Operating Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-04-29	Common Stock	S	17400	$45.3933	Disposed	24406	Direct
2010-04-30	Common Stock	M	5256	$19.025	Acquired	29662	Direct
2010-04-30	Common Stock	M	1752	$37.3088	Acquired	31414	Direct
2010-04-30	Common Stock	M	1603	$32.13	Acquired	33017	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-04-30	Stock Options (Right to Buy)	$19.025	M	5256	Disposed	2014-01-02	Common Stock (5256)	Direct
2010-04-30	Stock Options (Right to Buy)	$37.3088	M	1752	Disposed	2015-01-03	Common Stock (1752)	Direct
2010-04-30	Stock Options (Right to Buy)	$32.13	M	1603	Disposed	2015-01-27	Common Stock (1603)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	818	Indirect

Footnotes

F1: The price reported is the weighted average sale price for the transactions reported. The price received ranged from $45.26 to $45.52. The reporting person will provide to the issuer, a security holder of the issuer, or the SEC staff, upon request, full information regarding the number of shares sold at each price within the range.

F2: Options became exercisable as to 876 on 1/3/2007 and 876 on 1/3/2008.

F3: Options became exercisable as to 1 on 1/27/2006, 1 on 1/27/2007, 1 on 1/27/2008 and 1,600 on 1/27/2010.