LANDSTAR SYSTEM INC - Director's Dealing 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LANDSTAR SYSTEM INC (LSTR)
CIK: 0000853816
Period of Report: 2020-01-31

Reporting Person: Brasher Robert S (VP & Chief Commercial Officer)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-01-31	Common Stock	A	1248	—	Acquired	7643	Direct
2020-01-31	Common Stock	F	342	$111.73	Disposed	7301	Direct
2020-01-31	Common Stock	A	2237	—	Acquired	9538	Direct
2020-02-03	Common Stock	M	1000	$41.80	Acquired	10538	Direct
2020-02-03	Common Stock	M	200	$51.99	Acquired	10738	Direct
2020-02-03	Common Stock	M	1000	$56.40	Acquired	11738	Direct
2020-02-03	Common Stock	F	993	$111.27	Disposed	10745	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-02-03	Stock Options (Right to Buy)	$41.80	M	1000	Disposed	2021-02-03	Common Stock (1000)	Direct
2020-02-03	Stock Options (Right to Buy)	$51.99	M	200	Disposed	2022-02-06	Common Stock (200)	Direct
2020-02-03	Stock Options (Right to Buy)	$56.40	M	1000	Disposed	2023-02-01	Common Stock (1000)	Direct

F1: Represents shares withheld to pay tax withholding obligations.

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

F3: Options became exercisable as to 200 shares on each of 2/3/12, 2/3/13, 2/3/14, 2/3/15 and 2/3/16.

F4: Options became exercisable as to 200 shares on each of 2/1/14, 2/1/15, 2/1/16, 2/1/17 and 2/1/18.