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^*

Handoush Jim M

(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)
President - Landstar Logistics

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	409	I	By Landstar System, Inc 401(k) Savings Plan

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)	02/02/2005	02/02/2010	Common Stock	2,160	11.7188	D
Stock Options (Right to buy)	02/07/2005⁽¹⁾	02/07/2011	Common Stock	4,640	16.2345	D
Stock Options (Right to buy)	02/05/2005⁽²⁾	02/05/2013	Common Stock	10,600	26.215	D
Stock Options (Right to buy)	01/02/2005⁽³⁾	01/02/2013	Common Stock	2,000	29.2413	D
Stock Options (Right to buy)	01/02/2009	01/02/2014	Common Stock	15,000	38.05	D
Stock Options (Right to buy)	07/01/2009	07/01/2014	Common Stock	15,000	52.9375	D

Explanation of Responses:

1. Options become exercisable in 2 equal annual installments of 2,320 shares beginning 02/07/2005

2. Options became exercisable as to 2,120 shares each on 02/05/2004 and 02/05/2005, and become exercisable as to the remaining 6,360 shares in 3 equal annual installments of 2,120 shares beginning 02/05/2006

3. Options became exercisable as to 400 shares each on 01/02/2004 and 01/02/2005, and become exercisable as to the remaining 1,200 shares in 3 equal annual installments of 400 shares beginning 01/02/2006

	Jim M Handoush	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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.