LANDSTAR SYSTEM INC — Director's Dealing 2017

Nov 7, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LANDSTAR SYSTEM INC (LSTR)
CIK: 0000853816
Period of Report: 2017-11-03

Reporting Person: Gattoni James B (Director, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-11-03	Common Stock	S	15000	$98.7249	Disposed	69339	Direct
2017-11-03	Common Stock	M	4077	$51.99	Acquired	73416	Direct
2017-11-03	Common Stock	F	2668	$99.20	Disposed	70748	Direct
2017-11-06	Common Stock	M	2543	$39.32	Acquired	73291	Direct
2017-11-06	Common Stock	M	2400	$37.07	Acquired	75691	Direct
2017-11-06	Common Stock	M	2655	$41.80	Acquired	78346	Direct
2017-11-06	Common Stock	M	1923	$51.99	Acquired	80269	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-11-03	Stock Options (Right to Buy)	$51.99	M	4077	Disposed	2022-02-06	Common Stock (4077)	Direct
2017-11-06	Stock Options (Right to Buy)	$39.32	M	2543	Disposed	2019-01-02	Common Stock (2543)	Direct
2017-11-06	Stock Options (Right to Buy)	$37.07	M	2400	Disposed	2020-01-29	Common Stock (2400)	Direct
2017-11-06	Stock Options (Right to Buy)	$41.80	M	2655	Disposed	2021-02-03	Common Stock (2655)	Direct
2017-11-06	Stock Options (Right to Buy)	$51.99	M	1923	Disposed	2022-02-06	Common Stock (1923)	Direct

Footnotes

F1: The price reported is the weighted average sale price for the transactions reported. The prices received ranged from $98.45 to $99.10. 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.

F2: Represents shares withheld to pay the exercise price and tax withholding obligations.

F3: Options became exercisable as to 263 shares on 02/03/2015 and 2,392 shares on 02/03/2016.