Sec Form 4 Filing - O'Malley Patrick J @ LANDSTAR SYSTEM INC - 2014-02-19

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
O'Malley Patrick J
2. Issuer Name and Ticker or Trading Symbol
LANDSTAR SYSTEM INC [ LSTR]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
VP, CCO, CMO
(Last) (First) (Middle)
13410 SUTTON PARK DRIVE SOUTH
3. Date of Earliest Transaction (MM/DD/YY)
02/19/2014
(Street)
JACKSONVILLE, FL32224
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 02/19/2014 M 25,000 A $ 39.32 59,455 D
Common Stock 02/19/2014 M 2,400 A $ 37.07 61,855 D
Common Stock 02/19/2014 M 2,500 A $ 41.8 64,355 D
Common Stock 02/19/2014 M 4,200 A $ 51.99 68,555 D
Common Stock 02/19/2014 F 26,424 ( 1 ) D $ 58.49 42,131 D
Common Stock 02/20/2014 S 6,982 D $ 58.4873 ( 2 ) 35,149 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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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 of Derivative Security: 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) $ 39.32 02/19/2014 M 25,000 01/02/2014 01/02/2019 Common Stock 25,000 $ 0 0 D
Stock Options (Right to Buy) $ 37.07 02/19/2014 M 2,400 01/29/2014 01/29/2020 Common Stock 2,400 $ 0 2,400 D
Stock Options (Right to Buy) $ 41.8 02/19/2014 M 2,500 02/03/2014 02/03/2021 Common Stock 2,500 $ 0 5,000 D
Stock Options (Right to Buy) $ 51.99 02/19/2014 M 4,200 02/06/2013 02/06/2022 Common Stock 4,200 $ 0 16,800 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
O'Malley Patrick J
13410 SUTTON PARK DRIVE SOUTH
JACKSONVILLE, FL32224
VP, CCO, CMO
Signatures
/s/ James B. Gattoni, attorney-in-fact 02/21/2014
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Represents shares withheld to pay the exercise price and tax withholding obligations.
( 2 )The price reported is the weighted average sale price for the transactions reported. The prices received ranged from $58.473 to $58.57. 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.

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).

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