SEC Form 4 · accession 0001127602-16-067740
LANDSTAR SYSTEM INC · LSTR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Larry S Thomas
Officer — Vice President - CIO
Period of report
Nov 16, 2016
Accepted (ET)
Nov 18, 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 16, 2016 | M | 8,026 | $37.07 | A | 28,371 | D | |
| Common Stock | Nov 16, 2016 | M | 6,929 | $41.80 | A | 35,300 | D | |
| Common Stock | Nov 16, 2016 | M | 4,000 | $51.99 | A | 39,300 | D | |
| Common StockF1 | Nov 16, 2016 | F | 13,675 | $80.65 | D | 25,625 | D | |
| Common Stock | Nov 16, 2016 | M | 1,348 | $37.07 | A | 26,973 | D | |
| Common Stock | Nov 16, 2016 | M | 1,196 | $41.80 | A | 28,169 | D | |
| Common StockF2 | Nov 16, 2016 | S | 5,035 | $80.5689 | D | 23,134 | D | |
| Common Stock | Nov 17, 2016 | S | 245 | $80.586 | D | 22,889 | D | |
| Common Stock | holding | — | — | — | 389 | I | By Landstar System, Inc 401(k) Savings Plan |
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 | $37.07 | Nov 16, 2016 | M | 8,026 | D | — | Jan 29, 2020 | Common Stock | 8,026 | 1,348 | D |
| Stock Options (Right to Buy)F4 | $41.80 | Nov 16, 2016 | M | 6,929 | D | — | Feb 3, 2021 | Common Stock | 6,929 | 1,196 | D |
| Stock Options (Right to Buy)F5 | $51.99 | Nov 16, 2016 | M | 4,000 | D | — | Feb 6, 2022 | Common Stock | 4,000 | 2,000 | D |
| Stock Options (Right to Buy)F6 | $37.07 | Nov 16, 2016 | M | 1,348 | D | — | Jan 29, 2020 | Common Stock | 1,348 | 0 | D |
| Stock Options (Right to Buy)F7 | $41.80 | Nov 16, 2016 | M | 1,196 | D | — | Feb 3, 2021 | Common Stock | 1,196 | 0 | D |
Explanation of responses
- F1Represents shares withheld to pay the exercise price and tax withholding obligations.
- F2The price reported is the weighted average sale price for the transactions reported. The prices received ranged from $80.53 to $80.60. 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 1,875 shares on each of 01/29/2011, 01/29/2012, 01/29/2013 and 01/29/2014 and 526 shares on 01/29/2015.
- F4Options became exercisable as to 1,625 shares on each of 02/03/2012, 02/03/2013, 02/03/2014 and 02/03/2015 and 429 shares on 02/03/2016.
- F5Options became exercisable as to 2,000 shares on each of 02/06/2015 and 02/06/2016.
- F6Options became exercisable as to 1,348 shares on 01/29/2015.
- F7Options became exercisable as to 1,196 shares on 02/03/2016.