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LANDSTAR SYSTEM INC — Director's Dealing 2010
Apr 28, 2010
31139_dirs_2010-04-28_26c7b31a-e4b3-4df5-9ee0-ceb042df8661.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: 2010-04-26
Reporting Person: O'Malley Patrick J (Co-Chief Operating Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2010-04-26 | Common Stock | M | 1328 | $13.1075 | Acquired | 11728 | Direct |
| 2010-04-26 | Common Stock | M | 34744 | $19.025 | Acquired | 46472 | Direct |
| 2010-04-26 | Common Stock | F | 20638 | $45.11 | Disposed | 25834 | Direct |
| 2010-04-28 | Common Stock | S | 15434 | $44.5507 | Disposed | 10400 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-04-26 | Stock Options (Right to Buy) | $13.1075 | M | 1328 | Disposed | 2013-02-05 | Common Stock (1328) | Direct |
| 2010-04-26 | Stock Options (Right to Buy) | $19.025 | M | 34744 | Disposed | 2014-01-02 | Common Stock (34744) | Direct |
Footnotes
F1: Represents shares withheld to pay the exercise price and tax withholding obligations for options exercised that were granted on 2/5/2003 and 1/2/2004.
F2: The price reported is the weighted average sale price for the transactions reported. The prices received range from $44.27 to $44.78. 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.
F3: Options became exercisable as to 664 shares on 2/5/2007 and 664 shares on 2/5/2008.