SEC Form 4 · accession 0001127602-17-010429
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
Mar 2, 2017
Accepted (ET)
Mar 6, 2017 · 4:15 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 | Mar 2, 2017 | S | 4,000 | $87.5542 | D | 78,361 | D | |
| Common Stock | Mar 2, 2017 | M | 5,978 | $41.57 | A | 84,339 | 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 | $41.57 | Mar 2, 2017 | M | 5,978 | D | — | Jan 2, 2018 | Common Stock | 5,978 | 0 | D |
Explanation of responses
- F1The price reported is the weighted average sale price for the transactions reported. The prices received ranged from $87.40 to $87.68. 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 1,168 shares on 01/02/2010, 2,405 shares on 01/02/2011 and 2,405 shares on 01/02/2013.