LANDSTAR SYSTEM INC — Director's Dealing 2017

Nov 9, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LANDSTAR SYSTEM INC (LSTR)
CIK: 0000853816
Period of Report: 2017-11-07

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-11-07	Common Stock	M	21077	$51.99	Acquired	55649	Direct
2017-11-07	Common Stock	F	15272	$98.93	Disposed	40377	Direct
2017-11-07	Common Stock	S	6000	$98.4996	Disposed	34377	Direct
2017-11-08	Common Stock	S	3805	$98.0284	Disposed	30572	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-11-07	Stock Options (Right to Buy)	$51.99	M	21077	Disposed	2022-02-06	Common Stock (21077)	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 $98.224 to $98.675. 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: The price reported is the weighted average sales price for the transactions reported. The prices received ranged from $97.50 to $98.25. 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.

F4: Options became exercisable as to 4,600 shares on each of 02/06/2013, 02/06/2014, 02/06/2015 and 02/06/2016 and 2,677 shares on 02/06/2017.