Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
SLARK MARTIN P
   2. Issuer Name and Ticker or Trading Symbol
HUB GROUP INC [HUBG] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
3050 HIGHLAND PARKWAY, SUITE 100		 3. Date of Earliest Transaction (Month/Day/Year)
10/29/2004
(Street)

DOWNERS GROVE, IL 60515		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 10/29/2004   X   8,000 A $ 14 27,560 (1) D  
Class A Common Stock 10/29/2004   X   12,000 A $ 18.75 27,560 (1) D  
Class A Common Stock 10/29/2004   S   20,000 D $ 39 7,560 (2) D  

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to Buy) $ 14 10/29/2004   X     8,000   (3) 03/12/2006 Class A Common Stock 8,000 $ 0 0 D  
Stock Option (Right to Buy) $ 18.75 10/29/2004   X     12,000   (4) 12/10/2009 Class A Common Stock 12,000 $ 0 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
SLARK MARTIN P
3050 HIGHLAND PARKWAY
SUITE 100
DOWNERS GROVE, IL 60515		   X      

Signatures

 /s/ Martin P. Slark   11/02/2004
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) This total reflects a simultaneous cashless exercise of two different classes of options (for a total of 20,000 shares of Class A Common Stock).
(2) 3,650 of the total shares of Class A Common Stock were part of a restricted stock grant subject to vesting requirements. The restricted stock grant was approved by the Board of Directors of Hub Group, Inc. on December 3, 2003, subject to shareholder approval of an amendment to the Hub Group, Inc. 2003 Long-Term Incentive Plan under which the grant was made. Hub Group's shareholders approved the plan on May 13, 2004.
(3) The option vests over 3 years. Mr. Slark can exercise the option as follows: 4,000 shares on 3/12/1997, 4,000 shares on 3/12/1998 and 4,000 shares on 3/12/1999.
(4) The option vests over 3 years. Mr. Slark can exercise the option as follows: 4,000 shares on 12/10/2000, 4,000 shares on 12/10/2001 and 4,000 shares on 12/10/2002.

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