SEC Filing | Landstar System, Inc.

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SEC FORM 3 SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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1. Name and Address of Reporting Person^*

Gattoni James B

(Last)

(First)

(Middle)

13410 SUTTON PARK DRIVE SOUTH

(Street)

JACKSONVILLE

32224

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
01/01/2005

3. Issuer Name and Ticker or Trading Symbol
LANDSTAR SYSTEM INC [ LSTR ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Vice President - Controller

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	5,954	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Stock Options (Right to buy)	02/07/2005⁽¹⁾	02/07/2011	Common Stock	5,120	16.2345	D
Stock Options (Right to buy)	06/29/2005⁽²⁾	06/29/2011	Common Stock	4,800	17.112	D
Stock Options (Right to buy)	02/05/2005⁽³⁾	02/05/2013	Common Stock	9,440	26.215	D
Stock Options (Right to buy)	01/02/2005⁽⁴⁾	01/02/2013	Common Stock	4,800	29.2413	D
Stock Options (Right to buy)	01/02/2009	01/02/2014	Common Stock	15,000	38.05	D

Explanation of Responses:

1. Options become exercisable in 2 equal annual installments of 2,560 shares beginning 02/07/2005

2. Options become exercisable in 2 equal annual installments of 2,400 shares beginning 06/29/2005

3. Options become exercisable in 4 equal annual installments of 2,360 shares beginning 02/05/2005

4. Options became exercisable as to 1,200 shares on 01/02/2005, and become exercisable as to the remaining 3,600 shares in 3 equal annual installments of 1,200 shares beginning 01/02/2006

	James B Gattoni	01/04/2005
	** 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 5 (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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