SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
CROWE JEFFREY C

(Last) (First) (Middle)
13410 SUTTON PARK DRIVE SOUTH

(Street)
JACKSONVILLE FL 32224

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
LANDSTAR SYSTEM INC [ LSTR ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
07/24/2006
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 07/24/2006 M 9,176 A $5.8594 92,492 D
Common Stock 07/24/2006 M 36,644 A $8.1173 129,136 D
Common Stock 07/24/2006 M 60,000 A $14.6207 189,136 D
Common Stock 07/24/2006 S 400 D $43.03 188,736 D
Common Stock 07/24/2006 S 700 D $43.04 188,036 D
Common Stock 07/24/2006 S 18 D $43.05 188,018 D
Common Stock 07/24/2006 S 237 D $43.06 187,781 D
Common Stock 07/24/2006 S 100 D $43.07 187,681 D
Common Stock 07/24/2006 S 645 D $43.08 187,036 D
Common Stock 07/24/2006 S 100 D $43.1 186,936 D
Common Stock 07/24/2006 S 400 D $43.11 186,536 D
Common Stock 07/24/2006 S 300 D $43.12 186,236 D
Common Stock 07/24/2006 S 400 D $43.14 185,836 D
Common Stock 07/24/2006 S 1,850 D $43.15 183,986 D
Common Stock 07/24/2006 S 1,000 D $43.16 182,986 D
Common Stock 07/24/2006 S 209 D $43.17 182,777 D
Common Stock 07/24/2006 S 365 D $43.18 182,412 D
Common Stock 07/24/2006 S 259 D $43.19 182,153 D
Common Stock 07/24/2006 S 968 D $43.2 181,185 D
Common Stock 07/24/2006 S 1,814 D $43.21 179,371 D
Common Stock 07/24/2006 S 2,592 D $43.22 176,779 D
Common Stock 07/24/2006 S 1,407 D $43.23 175,372 D
Common Stock 07/24/2006 S 4,005 D $43.24 171,367 D
Common Stock 07/24/2006 S 6,507 D $43.25 164,860 D
Common Stock 07/24/2006 S 1,690 D $43.26 163,170 D
Common Stock 07/24/2006 S 2,605 D $43.27 160,565 D
Common Stock 07/24/2006 S 2,129 D $43.28 158,436 D
Common Stock 07/24/2006 S 4,880 D $43.29 153,556 D
Common Stock 07/24/2006 S 4,019 D $43.3 149,537 D
Common Stock 07/24/2006 S 1,000 D $43.31 148,537 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Options (Right to buy) $5.8594 07/24/2006 M 9,176 02/02/2005 02/02/2010 Common Stock 9,176 $0 0 D
Stock Options (Right to buy) $8.1173 07/24/2006 M 36,644 (1) 02/07/2011 Common Stock 36,644 $0 0 D
Stock Options (Right to buy) $14.6207 07/24/2006 M 60,000 (2) 01/02/2013 Common Stock 60,000 $0 20,000 D
Explanation of Responses:
1. Options became exercisable in the amount of 24,480 on 2/7/2005 and 12,164 on 2/7/2006.
2. Options became exercisable in the amount of 40,000 on 1/2/2005 and 20,000 on 1/2/2006.
James B. Gattoni, Attorney-in-fact 07/26/2006
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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