Hub Group, Inc. — Director's Dealing 2007

Feb 23, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HUB GROUP INC (HUBG)
CIK: 0000940942
Period of Report: 2007-02-21

Reporting Person: MARSH DAVID (EVP Highway)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-02-21	Class A Common Stock	M	800	$2.705	Acquired	52848	Direct
2007-02-21	Class A Common Stock	M	28600	$1.825	Acquired	81448	Direct
2007-02-21	Class A Common Stock	S	5000	$31.60	Disposed	76448	Direct
2007-02-21	Class A Common Stock	S	4400	$31.36	Disposed	72048	Direct
2007-02-21	Class A Common Stock	S	5000	$31.23	Disposed	67048	Direct
2007-02-21	Class A Common Stock	S	5000	$31.57	Disposed	62048	Direct
2007-02-21	Class A Common Stock	S	5000	$31.65	Disposed	57048	Direct
2007-02-21	Class A Common Stock	S	2500	$31.56	Disposed	54548	Direct
2007-02-21	Class A Common Stock	S	2500	$31.55	Disposed	52048	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-02-21	Stock Options (Right to Buy)	$2.705	M	800	Disposed	2011-02-09	Class A Common Stock (800)	Direct
2007-02-21	Stock Options (Right to Buy)	$1.825	M	28600	Disposed	2012-10-29	Class A Common Stock (28600)	Direct

Footnotes

F1: 21,636 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.