SEC Form 4 · accession 0001127602-16-066940
LANDSTAR SYSTEM INC · LSTR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James B Gattoni
Officer — President & CEO · Director
Period of report
Nov 10, 2016
Accepted (ET)
Nov 14, 2016 · 4:05 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 10, 2016 | M | 10,845 | $41.80 | A | 82,861 | D | |
| Common Stock | Nov 10, 2016 | M | 24,000 | $51.99 | A | 106,861 | D | |
| Common StockF1 | Nov 10, 2016 | F | 27,069 | $79.31 | D | 79,792 | 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 | $41.80 | Nov 10, 2016 | M | 10,845 | D | — | Feb 3, 2021 | Common Stock | 10,845 | 2,655 | D |
| Stock Options (Right to Buy)F3 | $51.99 | Nov 10, 2016 | M | 24,000 | D | — | Feb 6, 2022 | Common Stock | 24,000 | 6,000 | D |
Explanation of responses
- F1Represents shares withheld to pay the exercise price and tax withholding obligations.
- F2Options became exercisable as to 2,700 shares on each of 02/03/2012, 02/03/2013 and 02/03/2014, 2,437 shares on 02/03/2015 and 308 shares on 02/03/2016.
- F3Options became exercisable as to 6,000 shares on each of 02/06/2013, 02/06/2014, 02/06/2015 and 02/06/2016.