LKQ CORP — Director's Dealing 2010

Oct 22, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LKQ CORP (LKQX)
CIK: 0001065696
Period of Report: 2010-10-20

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-10-20	Common Stock	M	8000	$2.1875	Acquired	120512	Direct
2010-10-20	Common Stock	M	1859	$4.49	Acquired	122371	Direct
2010-10-20	Common Stock	S	20330	$22	Disposed	102041	Direct
2010-10-20	Common Stock	S	8541	$22.0095	Disposed	93500	Direct
2010-10-21	Common Stock	M	10141	$4.49	Acquired	103641	Direct
2010-10-21	Common Stock	S	10141	$22.02	Disposed	93500	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-10-20	Stock Option (right to buy)(01/14/2003 grant)	$2.1875	M	8000	Disposed	2013-01-14	Common Stock (8000)	Direct
2010-10-20	Stock Option (right to buy)(01/09/2004 grant)	$4.49	M	1859	Disposed	2014-01-09	Common Stock (1859)	Direct
2010-10-21	Stock Option (right to buy)(01/09/2004 grant)	$4.49	M	10141	Disposed	2014-01-09	Common Stock (10141)	Direct

Footnotes

F1: The sales disclosed on this Form 4 were effected pursuant to a 10b5-1 plan.

F2: The price reflects the weighted average sale price of the transactions reported. The price range of such transactions was $22.00 to $22.0683. 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.

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.