SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

MATTHEWS TERRENCE D

(Last)

(First)

(Middle)

615 J.B. HUNT CORPORATE DRIVE

(Street)

LOWELL

72745-

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
HUNT J B TRANSPORT SERVICES INC [ JBHT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director		10% Owner
Officer (give title below)	X	Other (specify below)
		Sr VP Sales/National Accounts

3. Date of Earliest Transaction (Month/Day/Year)
05/26/2004

4. If Amendment, Date of 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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/26/2004	05/26/2004	M		200	A	$5.31	2,326	D
Common Stock	05/26/2004	05/26/2004	S		200	D	$33.02	2,126	D
Common Stock	05/26/2004	05/26/2004	M		300	A	$5.31	2,426	D
Common Stock	05/26/2004	05/26/2004	S		300	D	$33.03	2,126	D
Common Stock	05/26/2004	05/19/2004	M		300	A	$5.31	2,426	D
Common Stock	05/26/2004	05/26/2004	S		300	D	$33	2,126	D
Common Stock	05/26/2004	05/26/2004	M		714	A	$6	2,840	D
Common Stock	05/26/2004	05/26/2004	S		714	D	$33	2,126	D
Common Stock	05/26/2004	05/26/2004	M		3,486	A	$8.81	5,612	D
Common Stock	05/26/2004	05/26/2004	S		3,486	D	$33	2,126	D
Common Stock								810	I	By Spouse
401(k)								48,550	D

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 Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Right to Buy Stock Option	$5.31	05/26/2004	05/26/2004	M			200	06/01/2001	10/12/2006	Common Stock	200	$5.31	4,200	D
Right to Buy Stock Option	$5.31	05/26/2004	05/26/2004	M			300	06/01/2001	10/12/2006	Common Stock	300	$5.31	3,900	D
Right to Buy Stock Option	$5.31	05/26/2004	05/19/2004	M			300	06/01/2001	10/12/2006	Common Stock	300	$5.31	3,600	D
Right to Buy Stock Option	$6	05/26/2004	05/26/2004	M			714	06/01/2000	01/25/2008	Common Stock	714	$6	17,142	D
Right to Buy Stock Option	$6.25							06/01/1999	10/08/2009	Common Stock	8,000		8,000	D
Right to Buy Stock Option	$6.44							06/01/2000	10/29/2005	Common Stock	1,600		1,600	D
Right to Buy Stock Option	$7.28							06/01/1998	07/07/2008	Common Stock	10,000		10,000	D
Right to Buy Stock Option	$7.81							06/01/1996	01/03/2006	Common Stock	1,000		1,000	D
Right to Buy Stock Option	$8.5							06/01/1995	07/13/2005	Common Stock	1,000		1,000	D
Right to Buy Stock Option	$8.81	05/26/2004	05/26/2004	M			3,486	06/01/2003	07/20/2006	Common Stock	3,486	$6	26,114	D
Right to Buy Stock Option	$9.5							06/01/2004	06/07/2007	Common Stock	30,000		30,000	D
Right to Buy Stock Option	$11.22							06/01/2003	08/05/2012	Common Stock	60,000		60,000	D
Right to Buy Stock Option	$14.16							06/01/2004	10/24/2013	Common Stock	40,000		40,000	D
Right to Buy Stock Option	$24.4							06/01/2009	10/23/2014	Common Stock	20,000		20,000	D

Explanation of Responses:

	Debbie Willbanks	05/26/2004
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.