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: KRAVAS CHRISTOPHER R (EVP Strategy & Yield Mgmt)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-02-21	Class A Common Stock	M	24000	$2.00	Acquired	74018	Direct
2007-02-21	Class A Common Stock	S	7000	$32.24	Disposed	67018	Direct
2007-02-21	Class A Common Stock	S	12000	$32.27	Disposed	55018	Direct
2007-02-21	Class A Common Stock	S	5000	$32.31	Disposed	50018	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-02-22	Stock Options (Right to Buy)	$2.00	M	24000	Disposed	2012-02-26	Class A Common Stock (24000)	Direct

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.

F3: The options vest over five years as follows (listed on a post-stock dividend basis): 12,000 options on 2-26-2003, 12,000 options on 2-26-2004, 12,000 options on 2-26-2005, 12,000 options on 2-26-2006, and 12,000 options on 2-26-2007.