LANDSTAR SYSTEM INC — Director's Dealing 2013

Mar 18, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LANDSTAR SYSTEM INC (LSTR)
CIK: 0000853816
Period of Report: 2013-03-14

Reporting Person: O'Malley Patrick J (VP, CCO, CMO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-03-14	Common Stock	M	14000	$41.57	Acquired	43431	Direct
2013-03-14	Common Stock	M	2398	$32.13	Acquired	45829	Direct
2013-03-14	Common Stock	M	2400	$43.66	Acquired	48229	Direct
2013-03-14	Common Stock	M	1600	$44.32	Acquired	49829	Direct
2013-03-14	Common Stock	M	23595	$41.57	Acquired	73424	Direct
2013-03-14	Common Stock	M	4661	$37.07	Acquired	78085	Direct
2013-03-14	Common Stock	M	5000	$41.80	Acquired	83085	Direct
2013-03-14	Common Stock	F	31773	$56.83	Disposed	51312	Direct
2013-03-14	Common Stock	S	27352	$56.7823	Disposed	23960	Direct
2013-03-18	Common Stock	M	803	$32.13	Acquired	24763	Direct
2013-03-18	Common Stock	M	1600	$43.66	Acquired	26363	Direct
2013-03-18	Common Stock	M	2400	$44.32	Acquired	28763	Direct
2013-03-18	Common Stock	M	2405	$41.57	Acquired	31168	Direct
2013-03-18	Common Stock	M	2539	$37.07	Acquired	33707	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-03-14	Stock Options (Right to Buy)	$41.57	M	14000	Disposed	2018-01-02	Common Stock (14000)	Direct
2013-03-14	Stock Options (Right to Buy)	$32.13	M	2398	Disposed	2015-01-27	Common Stock (2398)	Direct
2013-03-14	Stock Options (Right to Buy)	$43.66	M	2400	Disposed	2016-02-02	Common Stock (2400)	Direct
2013-03-14	Stock Options (Right to Buy)	$44.32	M	1600	Disposed	2017-02-01	Common Stock (1600)	Direct
2013-03-14	Stock Options (Right to Buy)	$41.57	M	23595	Disposed	2018-01-02	Common Stock (23595)	Direct
2013-03-14	Stock Options (Right to Buy)	$37.07	M	4661	Disposed	2020-01-29	Common Stock (4661)	Direct
2013-03-14	Stock Options (Right to Buy)	$41.80	M	5000	Disposed	2021-02-03	Common Stock (5000)	Direct
2013-03-18	Stock Options (Right to Buy)	$32.13	M	803	Disposed	2015-01-27	Common Stock (803)	Direct
2013-03-18	Stock Options (Right to Buy)	$43.66	M	1600	Disposed	2016-02-02	Common Stock (1600)	Direct
2013-03-18	Stock Options (Right to Buy)	$44.32	M	2400	Disposed	2017-02-01	Common Stock (2400)	Direct
2013-03-18	Stock Options (Right to Buy)	$41.57	M	2405	Disposed	2018-01-02	Common Stock (2405)	Direct
2013-03-18	Stock Options (Right to Buy)	$37.07	M	2539	Disposed	2020-01-29	Common Stock (2539)	Direct

Footnotes

F1: Represents shares withheld to pay tax withholding obligations.

F2: The price reported is the weighted average sale price for the transactions reported. The prices received ranged from $56.62 to $57.05. The reporting person will provide to the issuer, a security holder 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 1 share on 01/27/2006 and 800 shares in 4 equal annual installments beginning 01/27/2007.

F4: Options became exercisable in 5 equal annual installments of 800 shares beginning 02/02/2007.

F5: Options became exercisable in 5 equal annual installments of 800 shares beginning 02/01/2008.

F6: Options became exercisable in 3 equal annual installments of 2,400 shares beginning 01/29/2011.

F7: Options became exercisable in 2 equal annual installments of 2,500 shares beginning 02/03/2012.