SEC Form 4 · accession 0001127602-16-055172
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 7, 2016
Accepted (ET)
Jun 9, 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 Stock | Jun 7, 2016 | M | 3,612 | $44.32 | A | 39,507 | D | |
| Common StockF1 | Jun 7, 2016 | F | 2,700 | $67.93 | D | 36,807 | 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 | $44.32 | Jun 7, 2016 | M | 3,612 | D | — | Feb 1, 2017 | Common Stock | 3,612 | 0 | D |
Explanation of responses
- F1Represents shares withheld to pay the exercise price and tax withholding obligations.
- F2Options became exercisable as to 1,500 shares on each of 02/01/2008 and 02/01/2009 and 612 shares on 02/01/2010.