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LANDSTAR SYSTEM INC — Director's Dealing 2013
Aug 27, 2013
31139_dirs_2013-08-27_52699d56-9f66-4066-b6e6-9488b6bc3f86.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: 2013-08-23
Reporting Person: Beacom Joseph J (VP, CSO, COO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2013-08-23 | Common Stock | M | 1223 | $32.13 | Acquired | 28451 | Direct |
| 2013-08-23 | Common Stock | M | 13625 | $41.57 | Acquired | 42076 | Direct |
| 2013-08-23 | Common Stock | M | 7200 | $37.07 | Acquired | 49276 | Direct |
| 2013-08-23 | Common Stock | M | 7000 | $41.80 | Acquired | 56276 | Direct |
| 2013-08-23 | Common Stock | F | 22872 | $56.71 | Disposed | 33404 | Direct |
| 2013-08-23 | Common Stock | S | 5000 | $56.628 | Disposed | 28404 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2013-08-23 | Stock Options (Right to Buy) | $32.13 | M | 1223 | Disposed | 2015-01-27 | Common Stock (1223) | Direct |
| 2013-08-23 | Stock Options (Right to Buy) | $41.57 | M | 13625 | Disposed | 2018-01-02 | Common Stock (13625) | Direct |
| 2013-08-23 | Stock Options (Right to Buy) | $37.07 | M | 7200 | Disposed | 2020-01-29 | Common Stock (7200) | Direct |
| 2013-08-23 | Stock Options (Right to Buy) | $41.80 | M | 7000 | Disposed | 2021-02-03 | Common Stock (7000) | Direct |
Footnotes
F1: Represents shares withheld to pay the exercise price and tax withholding obligations.
F2: The price reported is the weighted average sales price for the transactions reported. The prices received ranged from $56.6059 to $56.6850. The reporting person will provide to the issuer, a security holding 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 141 shares on each of 01/27/2006, 01/27/2007 and 01/27/2008, and as to 800 shares on 01/27/2009.
F4: Options became exercisable as to 4,000 shares on each of 01/02/2009 and 01/02/2010, as to 2,435 shares on 01/02/2011, and as to 1,595 shares on each of 01/02/2012 and 01/02/2013.
F5: Options became exercisable as to 2,400 shares on each of 01/29/2011, 01/29/2012 and 01/29/2013.
F6: Options became exercisable as to 3,500 shares on each of 02/03/2012 and 02/03/2013.