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LANDSTAR SYSTEM INC — Director's Dealing 2014
Oct 31, 2014
31139_dirs_2014-10-31_b7fd24cc-5f14-4318-8c4d-98207a56b316.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: 2014-10-29
Reporting Person: Thomas Larry S (Vice President - CIO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2014-10-29 | Common Stock | M | 258 | $44.32 | Acquired | 2507 | Direct |
| 2014-10-29 | Common Stock | M | 3608 | $41.57 | Acquired | 6115 | Direct |
| 2014-10-29 | Common Stock | M | 1272 | $39.32 | Acquired | 7387 | Direct |
| 2014-10-29 | Common Stock | M | 3492 | $44.32 | Acquired | 10879 | Direct |
| 2014-10-29 | Common Stock | M | 8893 | $41.57 | Acquired | 19772 | Direct |
| 2014-10-29 | Common Stock | M | 6229 | $39.32 | Acquired | 26001 | Direct |
| 2014-10-29 | Common Stock | M | 4000 | $51.99 | Acquired | 30001 | Direct |
| 2014-10-29 | Common Stock | F | 17101 | $74.51 | Disposed | 12900 | Direct |
| 2014-10-30 | Common Stock | S | 5400 | $73.737 | Disposed | 7500 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2014-10-29 | Stock Options (Right to Buy) | $44.32 | M | 258 | Disposed | 2017-02-01 | Common Stock (258) | Direct |
| 2014-10-29 | Stock Options (Right to Buy) | $41.57 | M | 3608 | Disposed | 2018-01-02 | Common Stock (3608) | Direct |
| 2014-10-29 | Stock Options (Right to Buy) | $39.32 | M | 1272 | Disposed | 2019-01-02 | Common Stock (1272) | Direct |
| 2014-10-29 | Stock Options (Right to Buy) | $44.32 | M | 3492 | Disposed | 2017-02-01 | Common Stock (3492) | Direct |
| 2014-10-29 | Stock Options (Right to Buy) | $41.57 | M | 8893 | Disposed | 2018-01-02 | Common Stock (8893) | Direct |
| 2014-10-29 | Stock Options (Right to Buy) | $39.32 | M | 6229 | Disposed | 2019-01-02 | Common Stock (6229) | Direct |
| 2014-10-29 | Stock Options (Right to Buy) | $51.99 | M | 4000 | Disposed | 2022-02-06 | Common Stock (4000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 389 | Indirect |
Footnotes
F1: Represents shares withheld to pay the exercise price and tax withholding obligations.
F2: The price reported is the weighted average sale price for the transactions reported. The prices received ranged from $73.20 to $74.50. 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: Since the date of the reporting person's last ownership report, he transferred 50 percent of the shares of LSTR common stock in the 401(k) Savings Plan to his ex-wife pursuant to a domestic relations order. The reporting person no longer reports as beneficially owned any securities owned by his ex-wife.
F4: Options became exercisable in three equal annual installments beginning 02/01/2008.
F5: Options became exercisable in five equal annual installments beginning 01/02/2009.
F6: Options became exercisable as to 2,000 shares on each of 02/06/2013 and 02/06/2014.