LANDSTAR SYSTEM INC — Director's Dealing 2014

Feb 21, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LANDSTAR SYSTEM INC (LSTR)
CIK: 0000853816
Period of Report: 2014-02-19

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-02-19	Common Stock	M	25000	$39.32	Acquired	59455	Direct
2014-02-19	Common Stock	M	2400	$37.07	Acquired	61855	Direct
2014-02-19	Common Stock	M	2500	$41.80	Acquired	64355	Direct
2014-02-19	Common Stock	M	4200	$51.99	Acquired	68555	Direct
2014-02-19	Common Stock	F	26424	$58.49	Disposed	42131	Direct
2014-02-20	Common Stock	S	6982	$58.4873	Disposed	35149	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-02-19	Stock Options (Right to Buy)	$39.32	M	25000	Disposed	2019-01-02	Common Stock (25000)	Direct
2014-02-19	Stock Options (Right to Buy)	$37.07	M	2400	Disposed	2020-01-29	Common Stock (2400)	Direct
2014-02-19	Stock Options (Right to Buy)	$41.80	M	2500	Disposed	2021-02-03	Common Stock (2500)	Direct
2014-02-19	Stock Options (Right to Buy)	$51.99	M	4200	Disposed	2022-02-06	Common Stock (4200)	Direct

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 $58.473 to $58.57. 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.