SEC Form 4 · accession 0001127602-15-023763
LANDSTAR SYSTEM INC · LSTR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Patrick J O'Malley
Officer — VP, CCO, CMO
Period of report
Jul 28, 2015
Accepted (ET)
Jul 30, 2015 · 4:12 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000853816
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jul 28, 2015 | M | 2,400 | $37.07 | A | 41,489 | D | |
| Common Stock | Jul 28, 2015 | M | 2,500 | $41.80 | A | 43,989 | D | |
| Common Stock | Jul 28, 2015 | M | 8,400 | $51.99 | A | 52,389 | D | |
| Common StockF1 | Jul 28, 2015 | F | 10,237 | $70.62 | D | 42,152 | D | |
| Common StockF2 | Jul 29, 2015 | S | 9,000 | $70.8362 | D | 33,152 | D | |
| Common StockF3 | Jul 30, 2015 | S | 1,816 | $71.7456 | D | 31,336 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (Right to Buy) | $37.07 | Jul 28, 2015 | M | 2,400 | D | Jan 29, 2015 | Jan 29, 2020 | Common Stock | 2,400 | 0 | D |
| Stock Options (Right to Buy) | $41.80 | Jul 28, 2015 | M | 2,500 | D | Feb 3, 2015 | Feb 3, 2021 | Common Stock | 2,500 | 2,500 | D |
| Stock Options (Right to Buy)F4 | $51.99 | Jul 28, 2015 | M | 8,400 | D | — | Feb 6, 2022 | Common Stock | 8,400 | 8,400 | D |
Explanation of responses
- F1Represents shares withheld to pay the exercise price and tax withholding obligations.
- F2The price reported is the weighted average sale price for the transactions reported. The prices received ranged from $70.53 to $71.01. 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.
- F3The price reported is the weighted average sale price for the transactions reported. The prices received ranged from $71.48 to $73.01. 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.
- F4Options became exercisable as to 4,200 shares on each of 02/06/2014 and 02/06/2015.