LANDSTAR SYSTEM INC — Director's Dealing 2010

Apr 21, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LANDSTAR SYSTEM INC (LSTR)
CIK: 0000853816
Period of Report: 2010-04-20

Reporting Person: Gattoni James B (Vice President & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-04-20	Common Stock	M	4800	$14.6207	Acquired	43700	Direct
2010-04-20	Common Stock	M	9440	$13.1075	Acquired	53140	Direct
2010-04-20	Common Stock	M	30000	$19.025	Acquired	83140	Direct
2010-04-20	Common Stock	S	1498	$43.85	Disposed	81642	Direct
2010-04-20	Common Stock	S	862	$43.86	Disposed	80780	Direct
2010-04-20	Common Stock	S	1300	$43.87	Disposed	79480	Direct
2010-04-20	Common Stock	S	900	$43.88	Disposed	78580	Direct
2010-04-20	Common Stock	S	300	$43.89	Disposed	78280	Direct
2010-04-20	Common Stock	S	1041	$43.90	Disposed	77239	Direct
2010-04-20	Common Stock	S	495	$43.91	Disposed	76744	Direct
2010-04-20	Common Stock	S	500	$43.92	Disposed	76244	Direct
2010-04-20	Common Stock	S	104	$43.94	Disposed	76140	Direct
2010-04-20	Common Stock	S	400	$43.95	Disposed	75740	Direct
2010-04-20	Common Stock	S	62	$43.96	Disposed	75678	Direct
2010-04-20	Common Stock	S	5238	$44.00	Disposed	70440	Direct
2010-04-20	Common Stock	S	200	$44.03	Disposed	70240	Direct
2010-04-20	Common Stock	S	100	$44.04	Disposed	70140	Direct
2010-04-20	Common Stock	S	1200	$44.05	Disposed	68940	Direct
2010-04-20	Common Stock	S	100	$44.06	Disposed	68840	Direct
2010-04-20	Common Stock	S	200	$44.07	Disposed	68640	Direct
2010-04-20	Common Stock	S	1000	$44.08	Disposed	67640	Direct
2010-04-20	Common Stock	S	2602	$44.09	Disposed	65038	Direct
2010-04-20	Common Stock	S	2400	$44.10	Disposed	62638	Direct
2010-04-20	Common Stock	S	1598	$44.11	Disposed	61040	Direct
2010-04-20	Common Stock	S	500	$44.13	Disposed	60540	Direct
2010-04-20	Common Stock	S	400	$44.14	Disposed	60140	Direct
2010-04-20	Common Stock	S	300	$44.15	Disposed	59840	Direct
2010-04-20	Common Stock	S	200	$44.16	Disposed	59640	Direct
2010-04-20	Common Stock	S	40	$44.18	Disposed	59600	Direct
2010-04-20	Common Stock	S	400	$44.20	Disposed	59200	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-04-20	Stock Options (Right to Buy)	$14.6207	M	4800	Disposed	2013-01-02	Common Stock (4800)	Direct
2010-04-20	Stock Options (Right to Buy)	$13.1075	M	9440	Disposed	2013-02-05	Common Stock (9440)	Direct
2010-04-20	Stock Options (Right to Buy)	$19.025	M	30000	Disposed	2014-01-02	Common Stock (30000)	Direct

Footnotes

F1: Options became exercisable as to 2,400 shares on 1/2/07 and 2,400 shares on 1/2/08.

F2: Options became exercisable as to 4,720 shares on 2/5/07 and 4,720 shares on 2/5/08.