SEC Form 4 · accession 0001127602-17-006585
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
Feb 14, 2017
Accepted (ET)
Feb 16, 2017 · 4:19 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 | Feb 14, 2017 | S | 2,463 | $87.00 | D | 35,517 | D | |
| Common Stock | Feb 14, 2017 | M | 2,400 | $37.07 | A | 37,917 | D | |
| Common Stock | Feb 14, 2017 | M | 2,655 | $41.80 | A | 40,572 | 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 | Feb 14, 2017 | M | 2,400 | D | Jan 29, 2015 | Jan 29, 2020 | Common Stock | 2,400 | 0 | D |
| Stock Options (Right to Buy)F2 | $41.80 | Feb 14, 2017 | M | 2,655 | D | — | Feb 3, 2021 | Common Stock | 2,655 | 0 | D |
Explanation of responses
- F1The price reported is the weighted average sales price for the transactions reported. The prices received ranged from $86.55 to $87.3001. 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.
- F2Options became exercisable as to 263 shares on 02/03/2015 and 2,392 shares on 02/03/2016.