SEC Form 4 · accession 0001127602-17-031733
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
Nov 7, 2017
Accepted (ET)
Nov 9, 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 Stock | Nov 7, 2017 | M | 21,077 | $51.99 | A | 55,649 | D | |
| Common StockF1 | Nov 7, 2017 | F | 15,272 | $98.93 | D | 40,377 | D | |
| Common StockF2 | Nov 7, 2017 | S | 6,000 | $98.4996 | D | 34,377 | D | |
| Common StockF3 | Nov 8, 2017 | S | 3,805 | $98.0284 | D | 30,572 | 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)F4 | $51.99 | Nov 7, 2017 | M | 21,077 | D | — | Feb 6, 2022 | Common Stock | 21,077 | 1,923 | 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 $98.224 to $98.675. 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.
- F3The price reported is the weighted average sales price for the transactions reported. The prices received ranged from $97.50 to $98.25. 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.
- F4Options became exercisable as to 4,600 shares on each of 02/06/2013, 02/06/2014, 02/06/2015 and 02/06/2016 and 2,677 shares on 02/06/2017.