Hub Group, Inc. — Director's Dealing 2007

Feb 26, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HUB GROUP INC (HUBG)
CIK: 0000940942
Period of Report: 2007-02-23

Reporting Person: POLSEN DENNIS R (EVP Information Systems)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-02-23	Class A Common Stock	M	15000	$1.30	Acquired	66682	Direct
2007-02-23	Class A Common Stock	S	1000	$32.56	Disposed	65682	Direct
2007-02-23	Class A Common Stock	S	1000	$32.70	Disposed	64682	Direct
2007-02-23	Class A Common Stock	S	8000	$33.00	Disposed	56682	Direct
2007-02-23	Class A Common Stock	S	2790	$33.10	Disposed	53892	Direct
2007-02-23	Class A Common Stock	S	1500	$33.05	Disposed	52392	Direct
2007-02-23	Class A Common Stock	S	710	$33.06	Disposed	51682	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-02-23	Stock Options (Right to Buy)	$1.30	M	15000	Disposed	2012-12-16	Class A Common Stock (15000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	1714.710	Indirect

Footnotes

F1: 16,710 of the shares of Class A Common Stock are restricted stock subject to vesting requirements.

F2: On June 6, 2006, the Company issued its previously declared stock dividend of one share of Class A Common Stock on each share of Class A Common Stock and each share of Class B Common Stock issued and outstanding on the record date of May 22, 2006. The option total and exercise price has been restated to reflect post-stock dividend figures.