LANDSTAR SYSTEM INC — Director's Dealing 2010

Feb 3, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LANDSTAR SYSTEM INC (LSTR)
CIK: 0000853816
Period of Report: 2010-02-01

Reporting Person: ELSTON WILLIAM S (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-02-01	Common Stock	M	11000	$8.0788	Acquired	26000	Indirect
2010-02-01	Common Stock	F	2421	$36.71	Disposed	23579	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-02-01	Stock Options (Right to Buy)	$8.0788	M	11000	Disposed	2011-05-17	Common Stock (11000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	12000	Direct

Footnotes

F1: By Revocable Living Trust Dated January 22, 1993 for William S. and Marilyn K. Elston, Trustees

F2: Represents shares withheld to pay the exercise price.