SEC Form 4 · accession 0001127602-16-067183
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
Nov 11, 2016
Accepted (ET)
Nov 15, 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 StockF1 | Nov 11, 2016 | S | 3,000 | $79.8903 | D | 33,807 | D | |
| Common Stock | Nov 11, 2016 | M | 2,400 | $37.07 | A | 36,207 | D | |
| Common Stock | Nov 11, 2016 | M | 7,845 | $41.80 | A | 44,052 | D | |
| Common StockF2 | Nov 11, 2016 | F | 7,335 | $79.70 | D | 36,717 | 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) | $37.07 | Nov 11, 2016 | M | 2,400 | D | Jan 29, 2014 | Jan 29, 2020 | Common Stock | 2,400 | 2,400 | D |
| Stock Options (Right to Buy)F3 | $41.80 | Nov 11, 2016 | M | 7,845 | D | — | Feb 3, 2021 | Common Stock | 7,845 | 2,655 | D |
Explanation of responses
- F1The price reported is the weighted average sales price for the transactions reported. The prices received ranged from $79.85 to $79.901. 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.
- F2Represents shares withheld to pay the exercise price and tax withholding obligations.
- F3Options became exercisable as to 3,500 shares on 02/03/2014, 3,237 shares on 02/03/2015 and 1,108 shares on 02/03/2016.