LKQ CORP — Director's Dealing 2010

Dec 9, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LKQ CORP (lkqx)
CIK: 0001065696
Period of Report: 2010-12-07

Reporting Person: Hanley Walter P (Senior VP -- Development)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-12-07	Common Stock	M	60000	$4.49	Acquired	122000	Direct
2010-12-07	Common Stock	M	52000	$4.42	Acquired	174000	Direct
2010-12-07	Common Stock	S	11130	$22.4649	Disposed	162870	Direct
2010-12-07	Common Stock	S	100870	$22.4231	Disposed	62000	Direct
2010-12-08	Common Stock	M	8000	$4.42	Acquired	70000	Direct
2010-12-08	Common Stock	M	62000	$4.165	Acquired	132000	Direct
2010-12-08	Common Stock	S	95000	$22.45	Disposed	37000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-12-07	Employee Stock Option (right to buy)(01/09/2004 grant)	$4.49	M	60000	Disposed	2014-01-09	Common Stock (60000)	Direct
2010-12-07	Employee Stock Option (right to buy)(01/14/2005 grant)	$4.42	M	52000	Disposed	2015-01-14	Common Stock (52000)	Direct
2010-12-08	Employee Stock Option (right to buy)(01/14/2005 grant)	$4.42	M	8000	Disposed	2015-01-14	Common Stock (8000)	Direct
2010-12-08	Employee Stock Option (right to buy)(01/28/2005 grant)	$4.165	M	62000	Disposed	2015-01-28	Common Stock (62000)	Direct

Footnotes

F1: The price reflects the weighted average sale price of the transactions reported. The price range of such transactions was $22.4109 to $22.4673. The reporting person undertakes to provide upon the request by the Commission staff, the issuer, or a security holder of the issuer full information regarding the number of shares sold at each separate price.

F2: The option is exercisable with respect to 50% of the number of shares subject to the option on June 14, 2005 and with respect to an additional 5.555% of the number of shares subject to the option on January 14, 2006 and each six-month anniversary thereafter until January 14, 2010.