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LANDSTAR SYSTEM INC — Director's Dealing 2017
Mar 16, 2017
31139_dirs_2017-03-16_485ef101-8374-4f9d-930f-696ba58dc994.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: 2017-03-14
Reporting Person: Stout L Kevin (VP, CFO and Asst Secretary)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-03-14 | Common Stock | M | 2457 | $39.32 | Acquired | 30397 | Direct |
| 2017-03-14 | Common Stock | M | 2400 | $37.07 | Acquired | 32797 | Direct |
| 2017-03-14 | Common Stock | M | 4200 | $41.80 | Acquired | 36997 | Direct |
| 2017-03-14 | Common Stock | M | 6910 | $51.99 | Acquired | 43907 | Direct |
| 2017-03-14 | Common Stock | F | 10519 | $85.00 | Disposed | 33388 | Direct |
| 2017-03-15 | Common Stock | S | 5448 | $85.65 | Disposed | 27940 | Direct |
| 2017-03-15 | Common Stock | M | 2543 | $39.32 | Acquired | 30483 | Direct |
| 2017-03-15 | Common Stock | M | 600 | $37.07 | Acquired | 31083 | Direct |
| 2017-03-15 | Common Stock | M | 2800 | $41.80 | Acquired | 33883 | Direct |
| 2017-03-15 | Common Stock | M | 3090 | $51.99 | Acquired | 36973 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-03-14 | Stock Options (Right to Buy) | $39.32 | M | 2457 | Disposed | 2019-01-02 | Common Stock (2457) | Direct |
| 2017-03-14 | Stock Options (Right to Buy) | $37.07 | M | 2400 | Disposed | 2020-01-29 | Common Stock (2400) | Direct |
| 2017-03-14 | Stock Options (Right to Buy) | $41.80 | M | 4200 | Disposed | 2021-02-03 | Common Stock (4200) | Direct |
| 2017-03-14 | Stock Options (Right to Buy) | $51.99 | M | 6910 | Disposed | 2022-02-06 | Common Stock (6910) | Direct |
| 2017-03-15 | Stock Options (Right to Buy) | $39.32 | M | 2543 | Disposed | 2019-01-02 | Common Stock (2543) | Direct |
| 2017-03-15 | Stock Options (Right to Buy) | $37.07 | M | 600 | Disposed | 2020-01-29 | Common Stock (600) | Direct |
| 2017-03-15 | Stock Options (Right to Buy) | $41.80 | M | 2800 | Disposed | 2021-02-03 | Common Stock (2800) | Direct |
| 2017-03-15 | Stock Options (Right to Buy) | $51.99 | M | 3090 | Disposed | 2022-02-06 | Common Stock (3090) | 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 $85.45 to $85.85. 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 01/29/2011, 01/29/2012, 01/29/2013 and 01/29/2014.
F4: Options became exercisable as to 1,400 shares on each of 02/03/2012, 02/03/2013 and 02/03/2014.
F5: Options became exercisable as to 2,000 shares on each of 02/06/2013 and 02/06/2014, 1,630 shares on 02/06/2015, 1,203 shares on 02/06/2016 and 77 shares on 02/06/2017.
F6: Options became exercisable as to 600 shares on 01/29/2015.
F7: Options became exercisable as to 1,400 shares on each of 02/03/2015 and 02/03/2016.
F8: Options became exercisable as to 370 shares on 02/06/2015, 797 shares on 02/06/2016 and 1,923 shares on 02/06/2017.