X0202 4 2006-08-23 0 0000920112 HEARTLAND FINANCIAL USA INC HTLF 0001184318 ERICKSON KENNETH J 1398 CENTRAL AVE. DUBUQUE IA 52001 0 1 0 0 EVP, Chief Credit Officer Common Stock 2006-08-23 4 M 0 19500 8.00 A 0 D Common Stock 2006-08-23 4 S 0 9500 25.43 D 89469 D Common Stock 2604 I 401(k) Common Stock 69875 I Spouse Non-Qualified Stock Option (Right to Buy 8.00 2006-08-23 4 M 0 19500 0 D 2007-01-02 Common Stock 19500 0 D Non-Qualified Stock Option (Right to Buy 9.83 2008-01-02 Common Stock 24000 24000 D Non-Qualified Stock Option (Right to Buy 12.00 2009-01-02 Common Stock 18000 18000 D Non-Qualified Stock Option (Right to Buy 12.00 2010-01-17 Common Stock 4500 4500 D Non-Qualified Stock Option (Right to Buy 8.67 2011-06-01 Common Stock 3000 3000 D Non-Qualified Stock Option (Right to Buy 8.80 2012-01-15 Common Stock 2250 2250 D Non-Qualified Stock Option (Right to Buy 11.84 2013-01-21 Common Stock 6000 6000 D Non-Qualified Stock Option (Right to Buy 19.48 2014-01-20 Common Stock 4000 4000 D Non-Qualified Stock Option (Right to Buy) 21.00 2015-02-10 Common Stock 4000 4000 D Non-Qualified Stock Option (Right to Buy 21.60 2016-02-06 Common Stock 2000 2000 D Represents options to buy granted under the Company's 1993 Stock Option Plan, a Rule 16(b)(3) plan, which options vest one-third per year beginning on the 3rd anniversary of date of grant. The reporting person disclaims beneficial ownership of these securities and this report shall not be deemed to be an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or any other purpose. Includes 8,000 Restricted Stock Awards granted under the 2005 Long-Term Incentive Plan. Double entry - see next line for balance. /s/ Kenneth J. Erickson 2006-08-24