SEC Form 4 · accession 0001127602-17-011922
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
Mar 14, 2017
Accepted (ET)
Mar 16, 2017 · 4:15 pm EDT
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 | Mar 14, 2017 | M | 2,457 | $39.32 | A | 30,397 | D | |
| Common Stock | Mar 14, 2017 | M | 2,400 | $37.07 | A | 32,797 | D | |
| Common Stock | Mar 14, 2017 | M | 4,200 | $41.80 | A | 36,997 | D | |
| Common Stock | Mar 14, 2017 | M | 6,910 | $51.99 | A | 43,907 | D | |
| Common StockF1 | Mar 14, 2017 | F | 10,519 | $85.00 | D | 33,388 | D | |
| Common StockF2 | Mar 15, 2017 | S | 5,448 | $85.65 | D | 27,940 | D | |
| Common Stock | Mar 15, 2017 | M | 2,543 | $39.32 | A | 30,483 | D | |
| Common Stock | Mar 15, 2017 | M | 600 | $37.07 | A | 31,083 | D | |
| Common Stock | Mar 15, 2017 | M | 2,800 | $41.80 | A | 33,883 | D | |
| Common Stock | Mar 15, 2017 | M | 3,090 | $51.99 | A | 36,973 | 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) | $39.32 | Mar 14, 2017 | M | 2,457 | D | Jan 2, 2014 | Jan 2, 2019 | Common Stock | 2,457 | 2,543 | D |
| Stock Options (Right to Buy)F3 | $37.07 | Mar 14, 2017 | M | 2,400 | D | — | Jan 29, 2020 | Common Stock | 2,400 | 600 | D |
| Stock Options (Right to Buy)F4 | $41.80 | Mar 14, 2017 | M | 4,200 | D | — | Feb 3, 2021 | Common Stock | 4,200 | 2,800 | D |
| Stock Options (Right to Buy)F5 | $51.99 | Mar 14, 2017 | M | 6,910 | D | — | Feb 6, 2022 | Common Stock | 6,910 | 3,090 | D |
| Stock Options (Right to Buy) | $39.32 | Mar 15, 2017 | M | 2,543 | D | Jan 2, 2014 | Jan 2, 2019 | Common Stock | 2,543 | 0 | D |
| Stock Options (Right to Buy)F6 | $37.07 | Mar 15, 2017 | M | 600 | D | — | Jan 29, 2020 | Common Stock | 600 | 0 | D |
| Stock Options (Right to Buy)F7 | $41.80 | Mar 15, 2017 | M | 2,800 | D | — | Feb 3, 2021 | Common Stock | 2,800 | 0 | D |
| Stock Options (Right to Buy)F8 | $51.99 | Mar 15, 2017 | M | 3,090 | D | — | Feb 6, 2022 | Common Stock | 3,090 | 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 $85.45 to $85.85. 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 01/29/2011, 01/29/2012, 01/29/2013 and 01/29/2014.
- F4Options became exercisable as to 1,400 shares on each of 02/03/2012, 02/03/2013 and 02/03/2014.
- F5Options became exercisable as to 2,000 shares on each of 02/06/2013 and 02/06/2014, 1,630 shares on 02/06/2015, 1,203 shares on 02/06/2016 and 77 shares on 02/06/2017.
- F6Options became exercisable as to 600 shares on 01/29/2015.
- F7Options became exercisable as to 1,400 shares on each of 02/03/2015 and 02/03/2016.
- F8Options became exercisable as to 370 shares on 02/06/2015, 797 shares on 02/06/2016 and 1,923 shares on 02/06/2017.