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*
O'Malley Patrick J

(Last) (First) (Middle)
13410 SUTTON PARK DRIVE SOUTH

(Street)
JACKSONVILLE FL 32224

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
01/02/2008
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 Carrier
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 7,000 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)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Options (Right to buy) (1) 02/05/2013 Common Stock 5,384 $13.1075 D
Stock Options (Right to buy) 01/02/2008 01/02/2013 Common Stock 3,200 $14.6207 D
Stock Options (Right to buy) 01/02/2009 01/02/2014 Common Stock 40,000 $19.025 D
Stock Options (Right to buy) (2) 01/27/2015 Common Stock 3,201 $32.13 D
Stock Options (Right to buy) (3) 02/02/2016 Common Stock 4,000 $43.66 D
Stock Options (Right to buy) (4) 02/01/2017 Common Stock 4,000 $44.32 D
Explanation of Responses:
1. Options became exercisable as to 664 shares on 02/05/2007, and become exercisable as to the remaining 4,720 shares on 02/05/2008.
2. Options became exercisable as to 1 share on 1/27/2006 and 800 shares on 1/27/2007, and become exercisable as to the remaining 2,400 shares in 3 equal annual installments of 800 shares beginning 1/27/2008.
3. Options became exercisable as to 800 shares on 2/2/2007, and become exercisable as to the remaining 3,200 shares in 4 equal annual installments of 800 shares beginning 2/2/2008.
4. Options become exercisable in 5 equal annual installments of 800 shares beginning 2/1/2008.
L. Kevin Stout, Attorney-in-fact 01/03/2008
** 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.