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LANDSTAR SYSTEM INC Director's Dealing 2011

Feb 7, 2011

31139_dirs_2011-02-07_f03305d5-cbcc-464c-8c75-cf2934541bbd.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: 2011-02-03

Reporting Person: Thomas Larry S (Vice President - CIO)

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2011-02-03 Stock Options (Right to Buy) $41.80 A 16250 Acquired 2021-02-03 Common Stock (16250) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 18178 Direct
Common Stock 767 Indirect

Footnotes

F1: Options become exercisable in five equal annual installments beginning on the first anniversary of the date of grant which is 2/3/2011.