LANDSTAR SYSTEM INC - Director's Dealing 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LANDSTAR SYSTEM INC (LSTR)
CIK: 0000853816
Period of Report: 2014-02-14

Reporting Person: Gattoni James B (President & CFO)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-02-14	Common Stock	M	160	$37.3088	Acquired	32471	Direct
2014-02-14	Common Stock	M	1602	$32.13	Acquired	34073	Direct
2014-02-14	Common Stock	M	8521	$43.66	Acquired	42594	Direct
2014-02-14	Common Stock	M	34022	$41.57	Acquired	76616	Direct
2014-02-14	Common Stock	M	27457	$39.32	Acquired	104073	Direct
2014-02-14	Common Stock	M	9600	$37.07	Acquired	113673	Direct
2014-02-14	Common Stock	F	65178	$58.84	Disposed	48495	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-02-14	Stock Options (Right to Buy)	$37.3088	M	160	Disposed	2015-01-03	Common Stock (160)	Direct
2014-02-14	Stock Options (Right to Buy)	$32.13	M	1602	Disposed	2015-01-27	Common Stock (1602)	Direct
2014-02-14	Stock Options (Right to Buy)	$43.66	M	8521	Disposed	2016-02-02	Common Stock (8521)	Direct
2014-02-14	Stock Options (Right to Buy)	$41.57	M	34022	Disposed	2018-01-02	Common Stock (34022)	Direct
2014-02-14	Stock Options (Right to Buy)	$39.32	M	27457	Disposed	2019-01-02	Common Stock (27457)	Direct
2014-02-14	Stock Options (Right to Buy)	$37.07	M	9600	Disposed	2020-01-29	Common Stock (9600)	Direct

F1: Represents shares withheld to pay the exercise price and tax withholding obligations.

F2: Options became exercisable as to 80 on each 01/03/2007 and 01/03/2008.

F3: Options became exercisable as to 1 on 01/27/2007, 1 on 01/27/2008 and 1,600 on 01/27/2010.

F4: Options became exercisable as to 8,000 on 01/02/2009, 6,832 on 01/02/2010, 5,595 on 01/02/2011, 8,000 on 01/02/2012 and 5,595 on 01/02/2013.

F5: Options became exercisable as to 2,400 shares on each of 01/29/2011, 01/29/2012, 01/29/2013 and 01/29/2014.