SEC Form 4 · accession 0001127602-16-066956
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 10, 2016
Accepted (ET)
Nov 14, 2016 · 4:31 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 | 1,895 | $44.32 | A | 21,276 | D | |
| Common Stock | Nov 10, 2016 | M | 16,460 | $41.57 | A | 37,736 | D | |
| Common StockF1 | Nov 10, 2016 | F | 13,323 | $79.31 | D | 24,413 | D | |
| Common StockF2 | Nov 10, 2016 | S | 5,000 | $79.3182 | D | 19,413 | D | |
| Common Stock | Nov 14, 2016 | M | 2,619 | $38.18 | A | 22,032 | D | |
| Common Stock | Nov 14, 2016 | M | 1,105 | $44.32 | A | 23,137 | D | |
| Common Stock | Nov 14, 2016 | M | 3,540 | $41.57 | A | 26,677 | 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)F3 | $44.32 | Nov 10, 2016 | M | 1,895 | D | — | Feb 1, 2017 | Common Stock | 1,895 | 1,105 | D |
| Stock Options (Right to Buy)F4 | $41.57 | Nov 10, 2016 | M | 16,460 | D | — | Jan 2, 2018 | Common Stock | 16,460 | 3,540 | D |
| Stock Options (Right to Buy) | $38.18 | Nov 14, 2016 | M | 2,619 | D | Jan 2, 2012 | Jan 2, 2017 | Common Stock | 2,619 | 0 | D |
| Stock Options (Right to Buy)F5 | $44.32 | Nov 14, 2016 | M | 1,105 | D | — | Feb 1, 2017 | Common Stock | 1,105 | 0 | D |
| Stock Options (Right to Buy)F6 | $41.57 | Nov 14, 2016 | M | 3,540 | D | — | Jan 2, 2018 | Common Stock | 3,540 | 0 | D |
Explanation of responses
- F1Represents shares withheld to pay the exercise price and tax withholding obligations.
- F2The price reported is the weighted average sales price for the transactions reported. The prices received ranged from $79.275 to $79.3556. The reporting person will provide to the issuer, a security holder of the issuer, or the SEC staff, upon request, full information regarding the number of shares sold at each price within the range.
- F3Options became exercisable as to 600 shares on each of 02/01/2008 and 02/01/2009, 95 shares on 02/01/2010 and 600 shares on 02/01/2012.
- F4Options became exercisable as to 4,000 shares on each of 01/02/2009 and 01/02/2010, 2,865 shares on 01/02/2011, 4,000 shares on 01/02/2012 and 1,595 shares on 01/02/2013.
- F5Options became exercisable as to 505 shares on 02/01/2010 and 600 shares on 02/01/2011.
- F6Options became exercisable as to 1,135 shares on 01/02/2011 and 2,405 shares on 01/02/2013.