SEC Form 4 · accession 0001127602-15-032481
LANDSTAR SYSTEM INC · LSTR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
L Kevin Stout
Officer — VP, CFO and Asst Secretary
Period of report
Nov 20, 2015
Accepted (ET)
Nov 24, 2015 · 4:27 pm EST
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 | Nov 20, 2015 | M | 1,239 | $43.66 | A | 13,138 | D | |
| Common StockF1 | Nov 20, 2015 | F | 970 | $62.33 | D | 12,168 | D | |
| Common Stock | Nov 23, 2015 | M | 1,574 | $43.66 | A | 13,742 | D | |
| Common Stock | Nov 24, 2015 | S | 269 | $62.42 | D | 13,473 | 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)F2 | $43.66 | Nov 20, 2015 | M | 1,239 | D | — | Feb 2, 2016 | Common Stock | 1,239 | 1,574 | D |
| Stock Options (Right to Buy)F3 | $43.66 | Nov 23, 2015 | M | 1,574 | D | — | Feb 2, 2016 | Common Stock | 1,574 | 0 | D |
Explanation of responses
- F1Represents shares withheld to pay the exercise price and tax withholding obligations.
- F2Options became exercisable as to 413 shares on each of 02/02/2007, 02/02/2008 and 02/02/2009.
- F3Options became exercisable as to 187 shares on each of 02/02/2008 and 02/02/2009 and 600 shares on each of 02/02/2010 and 02/02/2011.