SEC Form 4 · accession 0001127602-16-054899
LANDSTAR SYSTEM INC · LSTR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph J Beacom
Officer — VP, CSO, COO
Period of report
Jun 3, 2016
Accepted (ET)
Jun 7, 2016 · 4:17 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 StockF1 | Jun 3, 2016 | F | 821 | $67.29 | D | 38,994 | D | |
| Common StockF2 | Jun 6, 2016 | S | 3,987 | $68.10 | D | 35,007 | D | |
| Common Stock | Jun 7, 2016 | M | 888 | $44.32 | A | 35,895 | 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) | $44.32 | Jun 7, 2016 | M | 888 | D | Feb 1, 2010 | Feb 1, 2017 | Common Stock | 888 | 3,612 | D |
Explanation of responses
- F1Represents shares withheld to pay tax withholding obligations.
- F2The price reported is the weighted average sales price for the transactions reported. The prices received ranged from $68.03 to $68.15. The reporting person will provide to the issuer, a security holding of the issuer, or the SEC staff, upon request, full information regarding the number of shares sold at each price within the range.