SEC Form 4 · accession 0001127602-17-031468
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
Nov 3, 2017
Accepted (ET)
Nov 7, 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 | Nov 3, 2017 | S | 15,000 | $98.7249 | D | 69,339 | D | |
| Common Stock | Nov 3, 2017 | M | 4,077 | $51.99 | A | 73,416 | D | |
| Common StockF2 | Nov 3, 2017 | F | 2,668 | $99.20 | D | 70,748 | D | |
| Common Stock | Nov 6, 2017 | M | 2,543 | $39.32 | A | 73,291 | D | |
| Common Stock | Nov 6, 2017 | M | 2,400 | $37.07 | A | 75,691 | D | |
| Common Stock | Nov 6, 2017 | M | 2,655 | $41.80 | A | 78,346 | D | |
| Common Stock | Nov 6, 2017 | M | 1,923 | $51.99 | A | 80,269 | 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) | $51.99 | Nov 3, 2017 | M | 4,077 | D | Feb 6, 2017 | Feb 6, 2022 | Common Stock | 4,077 | 1,923 | D |
| Stock Options (Right to Buy) | $39.32 | Nov 6, 2017 | M | 2,543 | D | Jan 2, 2014 | Jan 2, 2019 | Common Stock | 2,543 | 0 | D |
| Stock Options (Right to Buy) | $37.07 | Nov 6, 2017 | M | 2,400 | D | Jan 29, 2015 | Jan 29, 2020 | Common Stock | 2,400 | 0 | D |
| Stock Options (Right to Buy)F3 | $41.80 | Nov 6, 2017 | M | 2,655 | D | — | Feb 3, 2021 | Common Stock | 2,655 | 0 | D |
| Stock Options (Right to Buy) | $51.99 | Nov 6, 2017 | M | 1,923 | D | Feb 6, 2017 | Feb 6, 2022 | Common Stock | 1,923 | 0 | D |
Explanation of responses
- F1The price reported is the weighted average sale price for the transactions reported. The prices received ranged from $98.45 to $99.10. 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 263 shares on 02/03/2015 and 2,392 shares on 02/03/2016.