LKQ CORP — Director's Dealing 2010

Dec 14, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LKQ CORP (LKQX)
CIK: 0001065696
Period of Report: 2010-12-10

Reporting Person: ERLAIN FRANK P (VP -- Finance and Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-12-10	Common Stock	S	25000	$22.6618	Disposed	68500	Direct
2010-12-13	Common Stock	M	5806	$4.49	Acquired	74306	Direct
2010-12-13	Common Stock	S	5301	$23.0026	Disposed	69005	Direct
2010-12-13	Common Stock	S	505	$23.003	Disposed	68500	Direct
2010-12-14	Common Stock	M	14194	$4.49	Acquired	82694	Direct
2010-12-14	Common Stock	S	12564	$23.0123	Disposed	70130	Direct
2010-12-14	Common Stock	S	1630	$23.0129	Disposed	68500	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-12-13	Employee Stock Option (right to buy)(01/09/2004 grant)	$4.49	M	5806	Disposed	2014-01-09	Common Stock (5806)	Direct
2010-12-14	Employee Stock Option (right to buy)(01/09/2004 grant)	$4.49	M	14194	Disposed	2014-01-09	Common Stock (14194)	Direct

Footnotes

F1: The price reflects the weighted average sale price of the transactions reported. The price range of such transactions was $22.532 to $22.75. 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 sales indicated were effected pursuant to a 10b5-1 plan.

F3: The option is exercisable with respect to 10% of the number of shares subject to the option on each six-month anniversary of the grant date.