SEC Form 4 · accession 0001127602-16-059408
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
Aug 1, 2016
Accepted (ET)
Aug 3, 2016 · 4:30 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 | Aug 1, 2016 | M | 2,500 | $41.80 | A | 40,237 | D | |
| Common Stock | Aug 1, 2016 | M | 4,200 | $51.99 | A | 44,437 | D | |
| Common StockF1 | Aug 1, 2016 | F | 4,913 | $70.13 | D | 39,524 | D | |
| Common Stock | Aug 2, 2016 | S | 1,787 | $69.1701 | D | 37,737 | 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) | $41.80 | Aug 1, 2016 | M | 2,500 | D | Feb 3, 2016 | Feb 3, 2021 | Common Stock | 2,500 | 0 | D |
| Stock Options (Right to Buy) | $51.99 | Aug 1, 2016 | M | 4,200 | D | Feb 6, 2016 | Feb 6, 2022 | Common Stock | 4,200 | 4,200 | D |
Explanation of responses
- F1Represents shares withheld to pay the exercise price and tax withholding obligations.