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 OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Stout L Kevin
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, CFO and Asst Secretary
(Last)          (First)          (Middle)

13410 SUTTON PARK DRIVE SOUTH
3. Date of Earliest Transaction (MM/DD/YYYY)

3/14/2017
(Street)

JACKSONVILLE, FL 32224
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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   3/14/2017     M    2457   A $39.32   30397   D    
Common Stock   3/14/2017     M    2400   A $37.07   32797   D    
Common Stock   3/14/2017     M    4200   A $41.80   36997   D    
Common Stock   3/14/2017     M    6910   A $51.99   43907   D    
Common Stock   3/14/2017     F    10519   (1) D $85.00   33388   D    
Common Stock   3/15/2017     S    5448   D $85.65   (2) 27940   D    
Common Stock   3/15/2017     M    2543   A $39.32   30483   D    
Common Stock   3/15/2017     M    600   A $37.07   31083   D    
Common Stock   3/15/2017     M    2800   A $41.80   33883   D    
Common Stock   3/15/2017     M    3090   A $51.99   36973   D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 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 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   3/14/2017     M         2457    1/2/2014   1/2/2019   Common Stock   2457   $0   2543   D    
Stock Options (Right to Buy)   $37.07   3/14/2017     M         2400      (3) 1/29/2020   Common Stock   2400   $0   600   D    
Stock Options (Right to Buy)   $41.80   3/14/2017     M         4200      (4) 2/3/2021   Common Stock   4200   $0   2800   D    
Stock Options (Right to Buy)   $51.99   3/14/2017     M         6910      (5) 2/6/2022   Common Stock   6910   $0   3090   D    
Stock Options (Right to Buy)   $39.32   3/15/2017     M         2543    1/2/2014   1/2/2019   Common Stock   2543   $0   0   D    
Stock Options (Right to Buy)   $37.07   3/15/2017     M         600      (6) 1/29/2020   Common Stock   600   $0   0   D    
Stock Options (Right to Buy)   $41.80   3/15/2017     M         2800      (7) 2/3/2021   Common Stock   2800   $0   0   D    
Stock Options (Right to Buy)   $51.99   3/15/2017     M         3090      (8) 2/6/2022   Common Stock   3090   $0   0   D    

Explanation of Responses:
( 1)  Represents shares withheld to pay the exercise price and tax withholding obligations.
( 2)  The price reported is the weighted average sales price for the transactions reported. The prices received ranged from $85.45 to $85.85. 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.
( 3)  Options became exercisable as to 600 shares on each of 01/29/2011, 01/29/2012, 01/29/2013 and 01/29/2014.
( 4)  Options became exercisable as to 1,400 shares on each of 02/03/2012, 02/03/2013 and 02/03/2014.
( 5)  Options became exercisable as to 2,000 shares on each of 02/06/2013 and 02/06/2014, 1,630 shares on 02/06/2015, 1,203 shares on 02/06/2016 and 77 shares on 02/06/2017.
( 6)  Options became exercisable as to 600 shares on 01/29/2015.
( 7)  Options became exercisable as to 1,400 shares on each of 02/03/2015 and 02/03/2016.
( 8)  Options became exercisable as to 370 shares on 02/06/2015, 797 shares on 02/06/2016 and 1,923 shares on 02/06/2017.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Stout L Kevin
13410 SUTTON PARK DRIVE SOUTH
JACKSONVILLE, FL 32224


VP, CFO and Asst Secretary

Signatures
/s/ James P. Todd, attorney-in-fact 3/16/2017
** 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.
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 control number.
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