LANDSTAR SYSTEM INC — Director's Dealing 2010

Apr 27, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LANDSTAR SYSTEM INC (LSTR)
CIK: 0000853816
Period of Report: 2010-04-23

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-04-23	Common Stock	M	24744	$19.025	Acquired	45544	Direct
2010-04-23	Common Stock	M	30000	$26.4688	Acquired	75544	Direct
2010-04-23	Common Stock	M	6397	$32.13	Acquired	81941	Direct
2010-04-23	Common Stock	F	40135	$45.1975	Disposed	41806	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-04-23	Stock Options (Right to Buy)	$19.025	M	24744	Disposed	2014-01-02	Common Stock (24744)	Direct
2010-04-23	Stock Options (Right to Buy)	$26.4688	M	30000	Disposed	2014-07-01	Common Stock (30000)	Direct
2010-04-23	Stock Options (Right to Buy)	$32.13	M	6397	Disposed	2015-01-27	Common Stock (6397)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	818	Indirect

Footnotes

F1: Represents shares withheld to pay the exercise price and tax withholding obligations for options exercised that were granted on 1/2/2004, 7/1/2004 and 1/27/2005.

F2: Options became exercisable as to 1,599 on 1/27/2006, 1,599 on 1/27/2007, 1,599 on 1/27/2008 and 1,600 on 1/27/2009.