LANDSTAR SYSTEM INC — Director's Dealing 2014

Jul 31, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LANDSTAR SYSTEM INC (LSTR)
CIK: 0000853816
Period of Report: 2014-07-29

Reporting Person: Beacom Joseph J (VP, CSO, COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-07-29	Common Stock	M	2400	$43.66	Acquired	33003	Direct
2014-07-29	Common Stock	M	20000	$43.66	Acquired	53003	Direct
2014-07-29	Common Stock	F	16937	$68.05	Disposed	36066	Direct
2014-07-31	Common Stock	S	5463	$66.55	Disposed	30603	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-07-29	Stock Options (Right to Buy)	$43.66	M	2400	Disposed	2016-02-02	Common Stock (2400)	Direct
2014-07-29	Stock Options (Right to Buy)	$43.66	M	20000	Disposed	2016-02-02	Common Stock (20000)	Direct

Footnotes

F1: Represents shares withheld to pay tax withholding obligations.

F2: The price reported is the weighted average sales price for the transactions reported. The prices received ranged from $66.15 to $66.95. 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 800 shares each on 02/02/2007, 02/02/2008 and 02/02/2009.

F4: Options became exercisable as to 6,667 shares on 02/02/2007, 6,666 shares on 02/02/2008 and 6,667 shares on 02/02/2009.