LANDSTAR SYSTEM INC — Director's Dealing 2010

Apr 28, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LANDSTAR SYSTEM INC (LSTR)
CIK: 0000853816
Period of Report: 2010-04-26

Reporting Person: BANNISTER DAVID G/ (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-04-26	Common Stock	M	27000	$12.9738	Acquired	45680	Direct
2010-04-26	Common Stock	F	7766	$45.11	Disposed	37914	Direct
2010-04-28	Common Stock	S	19234	$44.6261	Disposed	18680	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-04-26	Stock Options (Right to Buy)	$12.9738	M	27000	Disposed	2012-05-12	Common Stock (27000)	Direct

Footnotes

F1: Represents shares withheld to pay the exercise price for options exercised.

F2: The price reported is the weighted average sale price for the transactions reported. The prices received range from $44.47 to $44.75. 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 3,000 shares on 05/12/2004 and 24,000 shares on 05/12/2005.