LANDSTAR SYSTEM INC — Director's Dealing 2018

Sep 11, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LANDSTAR SYSTEM INC (LSTR)
CIK: 0000853816
Period of Report: 2018-09-07

Reporting Person: Kneller Michael K (VP General Counsel & Secy)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-09-07	Common Stock	M	17708	$41.80	Acquired	52856	Direct
2018-09-07	Common Stock	M	19077	$51.99	Acquired	71933	Direct
2018-09-07	Common Stock	F	23019	$122.96	Disposed	48914	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-09-07	Stock Options (Right to Buy)	$41.80	M	17708	Disposed	2021-02-03	Common Stock (17708)	Direct
2018-09-07	Stock Options (Right to Buy)	$51.99	M	19077	Disposed	2022-02-06	Common Stock (19077)	Direct

Footnotes

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

F2: Options became exercisable as to 4,250 on each of 02/03/2012, 02/03/2013 and 02/03/2014, 3,100 on 02/03/2015 and 1,858 on 02/03/2016.

F3: Options became exercisable as to 4,200 on each of 02/06/2013, 02/06/2014, 02/06/2015 and 02/06/2016, and 2,277 on 02/06/2017.