UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No. 3)*
 
LANDSTAR SYSTEMS INC 

(Name of Issuer)
 
COMMON STOCK

(Title of Class of Securities)
 
515098101

(CUSIP Number)
 
December 31, 2014

(Date of Event Which Requires Filing of this Statement)
 
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
 
     x  Rule 13d-1(b)
 
     o  Rule 13d-1(c)
 
     o  Rule 13d-1(d)
 
* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
 
The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 
 
CUSIP No. 	515098101	 	 	 	 	 	 	

1	 	NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)	 	
 	 	KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC
95-4575414	 	 	
 	 	 	 	 	
2	 	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

 	 	(a)   o	 	 	 	
 	 	(b)   o	 	 	 	 	
 	 	 	 	 	 	 	
3	 	SEC USE ONLY	 	 	 	 	

 	 	 	 	 	 	 	 	 	
4	 	CITIZENSHIP OR PLACE OF ORGANIZATION	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	
 	 	IS A CALIFORNIA LIMITED LIABILITY COMPANY	 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	
NUMBER OF SHARES BENEFICIALLY  OWNED BY EACH REPORTING PERSON WITH: 	5	 	SOLE VOTING POWER	 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	 	 	1,534,142	 	 	 	 	 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	6	 	SHARED VOTING POWER	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	 	 	0	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	7	 	SOLE DISPOSITIVE POWER	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	 	 	1,534,142	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	8	 	SHARED DISPOSITIVE POWER	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	 	 	0	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
9	 	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	 	1,534,142	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
10	 	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	 	o	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
11	 	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	 	3.43%	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
12	 	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	 	IA	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	 	
FOOTNOTES	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	

 

 
 
Item 1.

 	(a)	Name of Issuer	

 	 	LANDSTAR SYSTEM INC.	

 	(b)	Address of Issuer’s Principal Executive Offices	

 	 	13410 SUTTON PARK DRIVE SOUTH
JACKSONVILLE, FL 32224	

Item 2.

 	(a)	Name of Person Filing	

 	 	KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT, LLC	

 	(b)	Address of Principal Business Office or, if none, Residence	

 	 	1800 AVENUE OF THE STARS
2ND FLOOR
LOS ANGELES, CA 90067	

 	(c)	Citizenship	

 	 	IS A CALIFORNIA LIMITED LIABILITY COMPANY	

 	(d)	Title of Class of Securities	

 	 	COMMON STOCK	

 	(e)	CUSIP Number	

 	 	515098101	

Item 3.	If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:	

 	(a)	o	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).	

 	(b)	o	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).	

 	(c)	o	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).	

 	(d)	o	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8).	

 	(e)	x	An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);	

 	(f)	o	An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);	

 	(g)	o	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);	

 	(h)	o	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);	

 	(i)	o	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);	

 	(j)	o	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J).	

 	(k)	o	A group, in accordance with § 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:	

 

 
 
Item 4.	Ownership.	
 
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

 	(a)	Amount beneficially owned: 1,534,142	

 	(b)	Percent of class: 3.43%	

 	(c)	Number of shares as to which the person has:	

 	(i)	Sole power to vote or to direct the vote: 1,534,142	

 	(ii)	Shared power to vote or to direct the vote: 0	

 	(iii)	Sole power to dispose or to direct the disposition of: 1,534,142	

 	(iv)	Shared power to dispose or to direct the disposition of: 0	

Item 5.	Ownership of Five Percent or Less of a Class	
 
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following  x  .
 
Less than 5% owner.
 
Item 6.	Ownership of More than Five Percent on Behalf of Another Person.	
 
NOT APPLICABLE
 
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company	
 
NOT APPLICABLE
 
Item 8.	Identification and Classification of Members of the Group	
 
NOT APPLICABLE
 
Item 9.	Notice of Dissolution of Group	
 
NOT APPLICABLE

 

 

Item 10.	Certification	
 	 	
 	By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.	

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 	KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT, LLC

Date: February 04, 2015	By:	/s/  JEANNINE VANIAN	 	
 	 	Name: JEANNINE VANIAN	 	
 	 	Title:  COO	 	

Footnotes:	 	

Attention:	Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001)