X0202 4 2006-08-10 0000728535 HUNT J B TRANSPORT SERVICES INC JBHT 0001190245 HARPER ALFRED C 615 J.B. HUNT CORPORATE DRIVE LOWELL AR 72745 0 0 0 1 EVP and Chief Operations Offic Common Stock 250398 D Common Stock 401(k) 17135 D Forward Sale Contract 2008-06-20 2008-06-20 Common Stock 1 1 D Forward Sale Contract .5 2007-07-23 2007-07-23 Common Stock 2 2 D Forward Sale Contract .5 2006-08-10 2006-08-10 4 J 0 1 A 2009-08-10 2009-08-10 Common Stock 1 1 D Restricted Stock 2012-07-15 2015-08-15 Common Stock 17000 17000 D Right to Buy Stock Option 3.125 1999-06-01 2009-10-08 Common Stock 10872 10872 D Right to Buy Stock Option 3.475 2002-06-01 2012-11-02 Common Stock 100000 100000 D Right to Buy Stock Option 3.75 1998-06-01 2008-04-14 Common Stock 8000 8000 D Right to Buy Stock Option 7.08 2004-06-01 2013-10-24 Common Stock 53336 53336 D Right to Buy Stock Option 7.215 1999-06-01 2009-06-15 Common Stock 8000 8000 D Right to Buy Stock Option 12.2 2009-06-01 2013-10-23 Common Stock 48000 48000 D Right to Buy Stock Option 20.365 2012-06-01 2015-10-21 Common Stock 48000 48000 D On July 22, 2005, Alfred C. Harper entered into a Specialized Term Appreciation Retention Sale (STARS) transaction with Bank of America (BOA) whereby the holder will agree to sell BOA on a forward basis for settlement on or about July 2008 up to 60,000 shares of common stock. The actual number of shares of common stock to be delivered on the maturity dates will be determined in accordance with a variable share delivery formula. The forward floor price on July 22, 2005 was $19.3195. The forward cap price will be $28.9793. On August 10, 2006, Alfred C. Harper entered into a Specialized Term Appreciation Retention Sale (STARS) transaction with Bank of America whereby the holder will agree to sell Bank of America on a forward basis for settlement on or about August 2009 up to 40,000 shares of common stock to be delivered in accordance with a variable share delivery formula. The forward floor price on August 10, 2006 was $19.6344. The forward cap price will be $29.4516. The restricted stock award, approved by the Compensation Committee, vests in 20%, 25%, 25% and 30% increments. There is no purchase price required by the recipient in connection with this award. Termination of the recipient's employment with the company for any reason other than death or disability shall result in forfeiture of the award on the date of termination. Debbie Willbanks 2006-08-11