MARTEN TRANSPORT LTD — Director's Dealing 2007

May 4, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MARTEN TRANSPORT LTD (MRTN)
CIK: 0000799167
Period of Report: 2007-05-04

Reporting Person: NASH TIMOTHY P (Exec. VP of Sales & Marketing)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-05-04	Common Stock	M	688	$4.36	Acquired	688	Direct
2007-05-04	Common Stock	S	588	$18.75	Disposed	100	Direct
2007-05-04	Common Stock	S	100	$18.76	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-05-04	Stock Option (right to buy)	$4.36	M	688	Disposed	2010-01-24	Common Stock (688)	Direct

Footnotes

F1: This option has fully vested.