Robert S Brasher Form 4 LANDSTAR SYSTEM / Robert S Brasher ownership change

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^*

Brasher Robert S

(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)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
VP & Chief Commercial Officer

3. Date of Earliest Transaction (Month/Day/Year)
01/31/2020

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	01/31/2020		A		1,248	A	$0	7,643	D
Common Stock	01/31/2020		F		342(1)	D	$111.73	7,301	D
Common Stock	01/31/2020		A		2,237	A	$0	9,538	D
Common Stock	02/03/2020		M		1,000	A	$41.8	10,538	D
Common Stock	02/03/2020		M		200	A	$51.99	10,738	D
Common Stock	02/03/2020		M		1,000	A	$56.4	11,738	D
Common Stock	02/03/2020		F		993(2)	D	$111.27	10,745	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)	$41.8	02/03/2020		M			1,000	(3)	02/03/2021	Common Stock	1,000	$0	0	D
Stock Options (Right to Buy)	$51.99	02/03/2020		M			200	02/06/2017	02/06/2022	Common Stock	200	$0	0	D
Stock Options (Right to Buy)	$56.4	02/03/2020		M			1,000	(4)	02/01/2023	Common Stock	1,000	$0	0	D

Explanation of Responses:

1. Represents shares withheld to pay tax withholding obligations.

2. Represents shares withheld to pay the exercise price and tax withholding obligations.

3. Options became exercisable as to 200 shares on each of 2/3/12, 2/3/13, 2/3/14, 2/3/15 and 2/3/16.

4. Options became exercisable as to 200 shares on each of 2/1/14, 2/1/15, 2/1/16, 2/1/17 and 2/1/18.

	/s/ James P. Todd, attorney-in-fact	02/04/2020
	** 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).
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