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LANDSTAR SYSTEM INC — Director's Dealing 2016
Nov 14, 2016
31139_dirs_2016-11-14_8158b44d-047c-4dd2-982f-a313cd840343.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: 2016-11-10
Reporting Person: Stout L Kevin (VP, CFO and Asst Secretary)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-11-10 | Common Stock | M | 1895 | $44.32 | Acquired | 21276 | Direct |
| 2016-11-10 | Common Stock | M | 16460 | $41.57 | Acquired | 37736 | Direct |
| 2016-11-10 | Common Stock | F | 13323 | $79.31 | Disposed | 24413 | Direct |
| 2016-11-10 | Common Stock | S | 5000 | $79.3182 | Disposed | 19413 | Direct |
| 2016-11-14 | Common Stock | M | 2619 | $38.18 | Acquired | 22032 | Direct |
| 2016-11-14 | Common Stock | M | 1105 | $44.32 | Acquired | 23137 | Direct |
| 2016-11-14 | Common Stock | M | 3540 | $41.57 | Acquired | 26677 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-11-10 | Stock Options (Right to Buy) | $44.32 | M | 1895 | Disposed | 2017-02-01 | Common Stock (1895) | Direct |
| 2016-11-10 | Stock Options (Right to Buy) | $41.57 | M | 16460 | Disposed | 2018-01-02 | Common Stock (16460) | Direct |
| 2016-11-14 | Stock Options (Right to Buy) | $38.18 | M | 2619 | Disposed | 2017-01-02 | Common Stock (2619) | Direct |
| 2016-11-14 | Stock Options (Right to Buy) | $44.32 | M | 1105 | Disposed | 2017-02-01 | Common Stock (1105) | Direct |
| 2016-11-14 | Stock Options (Right to Buy) | $41.57 | M | 3540 | Disposed | 2018-01-02 | Common Stock (3540) | Direct |
Footnotes
F1: Represents shares withheld to pay the exercise price and tax withholding obligations.
F2: The price reported is the weighted average sales price for the transactions reported. The prices received ranged from $79.275 to $79.3556. 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 600 shares on each of 02/01/2008 and 02/01/2009, 95 shares on 02/01/2010 and 600 shares on 02/01/2012.
F4: Options became exercisable as to 4,000 shares on each of 01/02/2009 and 01/02/2010, 2,865 shares on 01/02/2011, 4,000 shares on 01/02/2012 and 1,595 shares on 01/02/2013.
F5: Options became exercisable as to 505 shares on 02/01/2010 and 600 shares on 02/01/2011.
F6: Options became exercisable as to 1,135 shares on 01/02/2011 and 2,405 shares on 01/02/2013.