<SEC-DOCUMENT>0001171843-17-003130.txt : 20170516
<SEC-HEADER>0001171843-17-003130.hdr.sgml : 20170516
<ACCEPTANCE-DATETIME>20170516172019
ACCESSION NUMBER:		0001171843-17-003130
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20170510
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Submission of Matters to a Vote of Security Holders
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20170516
DATE AS OF CHANGE:		20170516

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Hub Group, Inc.
		CENTRAL INDEX KEY:			0000940942
		STANDARD INDUSTRIAL CLASSIFICATION:	ARRANGEMENT OF TRANSPORTATION OF FREIGHT & CARGO [4731]
		IRS NUMBER:				364007085
		STATE OF INCORPORATION:			IL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-27754
		FILM NUMBER:		17849569

	BUSINESS ADDRESS:	
		STREET 1:		2000 CLEARWATER DRIVE
		CITY:			OAK BROOK
		STATE:			IL
		ZIP:			60523
		BUSINESS PHONE:		6302713653

	MAIL ADDRESS:	
		STREET 1:		2000 CLEARWATER DRIVE
		CITY:			OAK BROOK
		STATE:			IL
		ZIP:			60523

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Hub Group
		DATE OF NAME CHANGE:	20160718

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HUB GROUP INC
		DATE OF NAME CHANGE:	19950313
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>f8k_051617.htm
<DESCRIPTION>FORM 8-K
<TEXT>
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<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B>Washington, DC 20549</B></P>

<P STYLE="font-size: 10pt; text-align: left; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B>FORM 8-K</B></P>

<P STYLE="font-size: 10pt; text-align: left; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">CURRENT REPORT PURSUANT</P>

<P STYLE="font-size: 10pt; text-align: left; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">TO SECTION 13 OR 15(D) OF THE</P>

<P STYLE="font-size: 10pt; text-align: left; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">SECURITIES&nbsp;EXCHANGE ACT OF 1934</P>

<P STYLE="font-size: 10pt; text-align: left; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">Date of Report (Date of Earliest Event Reported)&nbsp;May 10, 2017</P>

<P STYLE="font-size: 10pt; text-align: left; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B>HUB GROUP, INC.</B></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">(Exact name of registrant as specified in its charter)</P>

<P STYLE="font-size: 10pt; text-align: left; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B>DELAWARE</B></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">(State or Other Jurisdiction of Incorporation)</P>

<P STYLE="font-size: 10pt; text-align: right; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font-size: 10pt; width: 100%; background-color: white">
<TR>
    <TD STYLE="width: 50%; text-align: center; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>0-27754</B></FONT></TD>
    <TD STYLE="width: 50%; text-align: center; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>36-4007085</B></FONT></TD></TR>
<TR>
    <TD STYLE="text-align: center; font-size: 10pt"><FONT STYLE="font-size: 10pt">(Commission File Number)&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;(I.R.S. Employer Identification No.)</FONT></TD></TR>
</TABLE>
<P STYLE="font-size: 10pt; text-align: right; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B>2000 Clearwater Drive</B></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B>Oak Brook, Illinois 60523</B></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">(Address, including zip code, of principal executive offices)</P>

<P STYLE="font-size: 10pt; text-align: left; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B>(630) 271-3600</B></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">(Registrant&rsquo;s telephone number, including area code)</P>

<P STYLE="font-size: 10pt; text-align: left; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">NOT APPLICABLE</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">(Former Name or Former Address, If Changed Since Last Report)</P>

<P STYLE="font-size: 10pt; text-align: left; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: left; text-indent: 27pt; margin: 0pt 0">Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant any of the following provisions:</P>

<P STYLE="font-size: 10pt; text-align: left; margin: 0pt 0">&nbsp;</P>

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    <TD STYLE="width: 3%; text-align: left; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 97%; text-align: left; font-size: 10pt"><FONT STYLE="font-family: Wingdings; font-size: 10pt">o</FONT><FONT STYLE="font-size: 10pt">&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></TD></TR>
</TABLE>
<P STYLE="font-size: 10pt; text-align: left; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font-size: 10pt; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 3%; text-align: left; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 97%; text-align: left; font-size: 10pt"><FONT STYLE="font-family: Wingdings; font-size: 10pt">o</FONT><FONT STYLE="font-size: 10pt">&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></TD></TR>
</TABLE>
<P STYLE="font-size: 10pt; text-align: left; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font-size: 10pt; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 3%; text-align: left; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 97%; text-align: left; font-size: 10pt"><FONT STYLE="font-family: Wingdings; font-size: 10pt">o</FONT><FONT STYLE="font-size: 10pt">&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT></TD></TR>
</TABLE>
<P STYLE="font-size: 10pt; text-align: left; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font-size: 10pt; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 3%; text-align: left; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 97%; text-align: left; font-size: 10pt"><FONT STYLE="font-family: Wingdings; font-size: 10pt">o</FONT><FONT STYLE="font-size: 10pt">&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT></TD></TR>
</TABLE>


<P STYLE="margin: 0">&nbsp;</P>

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<P STYLE="font-size: 10pt; text-align: left; margin: 0pt 0"><B>Item 5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers</B></P>

<P STYLE="font-size: 10pt; text-align: left; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: left; text-indent: 0.5in; margin: 0pt 0">On May 10, 2017, the Company&rsquo;s stockholders
approved the Hub Group, Inc. 2017 Long-Term Incentive Plan (the &ldquo;Plan&rdquo;). Effective as of May 16, 2017, the Company
adopted form of stock awards under the Plan for the Company&rsquo;s employees, including the Company&rsquo;s principal executive
officer, principal financial officer and named executive officers, and form of stock awards under the Plan for non-employee directors.
The forms of stock awards represent the right to receive shares of the Company&rsquo;s Class A Common Stock under the Plan, subject
to certain time restrictions.</P>

<P STYLE="font-size: 10pt; text-align: left; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: left; text-indent: 0.5in; margin: 0pt 0">Attached hereto as Exhibit 10.1 is the Form of
Terms of Restricted Stock Award to Directors under the Hub Group, Inc. 2017 Long-Term Incentive Plan. Attached hereto as Exhibit
10.2 is the Form of Terms of Restricted Stock Award to non-directors under the Hub Group, Inc. 2017 Long-Term Incentive Plan. The
descriptions of the material terms of the awards are qualified in their entirety by reference to the award agreements.</P>

<P STYLE="font-size: 10pt; text-align: left; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: left; margin: 0pt 0"><B>Item&nbsp;5.07. Submission of Matters to a Vote of Security Holders.</B></P>

<P STYLE="font-size: 10pt; text-align: left; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; text-align: left; text-indent: 0.5in; margin: 0pt 0">On May&nbsp;10, 2017, the Company held the 2017
Annual Meeting at 10:00 a.m. at Hub Group Inc.&rsquo;s Corporate Headquarters, located at 2000 Clearwater Drive, Oak Brook, Illinois
60523. As of March&nbsp;13, 2017, the record date for the 2017 Annual Meeting, there were 33,480,802 shares of Class A common stock
and 662,296 shares of Class B common stock outstanding and entitled to vote. Each Class A share is entitled to one (1) vote and
each Class B share is entitled to approximately eighty-four (84) votes. A quorum of stockholders, present in person or by proxy,
representing 86,299,255 votes were present at the 2017 Annual Meeting. The final voting results of the 2017 Annual Meeting are
set forth below. Each of these items is more fully described in the Company&rsquo;s proxy statement filed with the Securities and
Exchange Commission on March&nbsp;22, 2017.</P>

<P STYLE="font-size: 10pt; text-align: left; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: left; margin: 0pt 0"><I><U>Proposal One &ndash; Election of Directors</U></I></P>

<P STYLE="font-size: 10pt; text-align: left; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: left; text-indent: 0.5in; margin: 0pt 0">The Company&rsquo;s stockholders elected each of
the Company&rsquo;s eight nominees for director to serve until their respective successors are duly elected and qualified, as set
forth below:</P>

<P STYLE="font-size: 10pt; text-align: left; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="width: 90%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 25%; text-decoration: underline; text-align: left"><FONT STYLE="font-size: 10pt; font-variant: small-caps"><U>Name</U></FONT></TD>
    <TD STYLE="width: 18%; text-decoration: underline; text-align: center"><FONT STYLE="font-size: 10pt; font-variant: small-caps"><U>Votes For</U></FONT></TD>
    <TD STYLE="width: 27%; text-decoration: underline; text-align: center"><FONT STYLE="font-size: 10pt; font-variant: small-caps"><U>Votes Withheld</U></FONT></TD>
    <TD STYLE="width: 30%; text-decoration: underline; text-align: center"><FONT STYLE="font-size: 10pt; font-variant: small-caps"><U>Broker Non-Votes</U></FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">David P. Yeager</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">84,625,303</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">473,389</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">1,200,563</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">Donald G. Maltby</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">83,670,093</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">1,428,599</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">1,200,563</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">Gary D. Eppen</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">79,497,996</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">5,600,696</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">1,200,563</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">James C. Kenny</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">84,527,014</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">571,678</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">1,200,563</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">Charles R. Reaves</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">83,593,966</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">1,504,726</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">1,200,563</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">Martin P. Slark</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">84,450,350</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">648,342</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">1,200,563</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">Jonathan P. Ward</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">84,517,815</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">580,877</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">1,200,563</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">Peter B. McNitt</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">84,541,149</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">557,543</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">1,200,563</FONT></TD></TR>
</TABLE>
<P STYLE="font-size: 10pt; text-align: left; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: left; margin: 0pt 0"><I><U>Proposal Two &ndash; Advisory Vote on Executive Compensation</U></I></P>

<P STYLE="font-size: 10pt; text-align: left; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: left; text-indent: 0.5in; margin: 0pt 0">The Company&rsquo;s stockholders approved the compensation
of its named executive officers as described in the Company&rsquo;s definitive Proxy Statement filed with the Securities and Exchange
Commission on March 22, 2017, as set forth below:</P>

<P STYLE="font-size: 10pt; text-align: left; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="width: 90%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 18%; text-decoration: underline; text-align: center"><FONT STYLE="font-size: 10pt; font-variant: small-caps"><U>Votes For</U></FONT></TD>
    <TD STYLE="width: 25%; text-decoration: underline; text-align: center"><FONT STYLE="font-size: 10pt; font-variant: small-caps"><U>Votes Against</U></FONT></TD>
    <TD STYLE="width: 25%; text-decoration: underline; text-align: center"><FONT STYLE="font-size: 10pt; font-variant: small-caps"><U>Abstentions</U></FONT></TD>
    <TD STYLE="width: 32%; text-decoration: underline; text-align: center"><FONT STYLE="font-size: 10pt; font-variant: small-caps"><U>Broker non-Votes</U></FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">77,050,064</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">7,712,937</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">335,691</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">1,200,563</FONT></TD></TR>
</TABLE>
<P STYLE="font-size: 10pt; text-align: left; margin: 0pt 0"><I>&nbsp;</I></P>

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<P STYLE="font-size: 10pt; text-align: left; margin: 0pt 0"><I></I></P>

<P STYLE="font-size: 10pt; text-align: left; margin: 0pt 0"><I><U>Proposal Three &ndash; Advisory Vote on the Frequency of Advisory
Vote on Executive Compensation</U></I></P>

<P STYLE="font-size: 10pt; text-align: left; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: left; text-indent: 0.5in; margin: 0pt 0">The Company&rsquo;s common stockholders approved
an annual advisory vote on executive compensation, as set forth below:</P>

<P STYLE="font-size: 10pt; text-align: left; text-indent: 24.5pt; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="width: 90%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 18%; text-decoration: underline; text-align: center"><FONT STYLE="font-size: 10pt; font-variant: small-caps"><U>1 Year</U></FONT></TD>
    <TD STYLE="width: 25%; text-decoration: underline; text-align: center"><FONT STYLE="font-size: 10pt; font-variant: small-caps"><U>2 Year</U></FONT></TD>
    <TD STYLE="width: 25%; text-decoration: underline; text-align: center"><FONT STYLE="font-size: 10pt; font-variant: small-caps"><U>3 Year</U></FONT></TD>
    <TD STYLE="width: 32%; text-decoration: underline; text-align: center"><FONT STYLE="font-size: 10pt; font-variant: small-caps"><U>Abstain</U></FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">74,503,084</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">4,668</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">10,575,931</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">15,009</FONT></TD></TR>
</TABLE>
<P STYLE="font-size: 10pt; text-align: left; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: left; margin: 0pt 0; text-indent: 0.5in">The vote results show that a majority of the votes
cast were cast in favor of conducting the advisory vote on executive compensation on an annual basis. In light of this vote, and
consistent with the Company&rsquo;s recommendation as described in its 2017 proxy statement, the Company&rsquo;s Board of Directors
has determined to implement an annual advisory vote on compensation for the named executive officers, until the next advisory vote
on frequency is held (which must be conducted at least every 6 years).</P>

<P STYLE="font-size: 10pt; text-align: left; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: left; margin: 0pt 0"><I><U>Proposal Four &ndash; Ratification of the Selection of Independent
Registered Public Accounting Firm</U></I></P>

<P STYLE="font-size: 10pt; text-align: left; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: left; text-indent: 24.5pt; margin: 0pt 0">The Company&rsquo;s common stockholders ratified
the selection of Ernst &amp; Young LLP as the Company&rsquo;s independent registered public accounting firm for the fiscal year
ending December 31, 2017, as set forth below:</P>

<P STYLE="font-size: 10pt; text-align: left; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="width: 90%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 18%; text-decoration: underline; text-align: center"><FONT STYLE="font-size: 10pt; font-variant: small-caps"><U>Votes For</U></FONT></TD>
    <TD STYLE="width: 25%; text-decoration: underline; text-align: center"><FONT STYLE="font-size: 10pt; font-variant: small-caps"><U>Votes Against</U></FONT></TD>
    <TD STYLE="width: 25%; text-decoration: underline; text-align: center"><FONT STYLE="font-size: 10pt; font-variant: small-caps"><U>Abstentions</U></FONT></TD>
    <TD STYLE="width: 32%; text-decoration: underline; text-align: center"><FONT STYLE="font-size: 10pt; font-variant: small-caps"><U>Broker non-Votes</U></FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">86,029,118</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">247,529</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">22,608</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">-</FONT></TD></TR>
</TABLE>
<P STYLE="font-size: 10pt; text-align: left; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: left; margin: 0pt 0"><I><U>Proposal Five &ndash; Approval of the Hub Group, Inc. 2017 Long-Term
Incentive Plan</U></I></P>

<P STYLE="font-size: 10pt; text-align: left; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: left; text-indent: 24.5pt; margin: 0pt 0">The Company&rsquo;s common stockholders approved
the 2017 Long-Term Incentive Plan as described in the Company&rsquo;s definitive Proxy Statement filed with the Securities and
Exchange Commission on March 22, 2017, as set forth below:</P>

<P STYLE="font-size: 10pt; text-align: left; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="width: 90%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 18%; text-decoration: underline; text-align: center"><FONT STYLE="font-size: 10pt; font-variant: small-caps"><U>Votes For</U></FONT></TD>
    <TD STYLE="width: 25%; text-decoration: underline; text-align: center"><FONT STYLE="font-size: 10pt; font-variant: small-caps"><U>Votes Against</U></FONT></TD>
    <TD STYLE="width: 25%; text-decoration: underline; text-align: center"><FONT STYLE="font-size: 10pt; font-variant: small-caps"><U>Abstentions</U></FONT></TD>
    <TD STYLE="width: 32%; text-decoration: underline; text-align: center"><FONT STYLE="font-size: 10pt; font-variant: small-caps"><U>Broker non-Votes</U></FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">70,426,038</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">14,314,289</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">358,365</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">1,200,563</FONT></TD></TR>
</TABLE>
<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.05in"><B>&nbsp;&nbsp;</B></P>

<P STYLE="font-size: 10pt; text-align: left; margin: 0pt 0"><B>Item 9.01 Financial Statements and Exhibits</B></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.05in"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.05in; text-indent: 0.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not
Applicable.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.05in; text-indent: 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not
Applicable.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.05in; text-indent: 0.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not
Applicable.</P>

<P STYLE="font-size: 10pt; text-align: left; margin: 0pt 0 0pt 0.05in; text-indent: 0.5in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
list of exhibits filed herewith are contained on the Exhibit Index which immediately precedes such exhibits and is incorporated
herein by reference.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.05in"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0 0pt 0.05in"><B>[<FONT STYLE="font-size: 10pt"><I>Signature page to
follow</I></FONT>]</B></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.05in"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"></P>

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<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">SIGNATURES</P>

<P STYLE="font-size: 10pt; text-align: left; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: left; margin: 0pt 0">Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>

<P STYLE="font-size: 10pt; text-align: right; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: right; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: right; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: right; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: left; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: left; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: left; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="background-color: white; width: 100%; font-size: 10pt">
<TR>
    <TD STYLE="width: 50%; text-align: left">&nbsp;</TD>
    <TD STYLE="width: 50%; text-align: left"><FONT STYLE="font-size: 10pt"><B>HUB GROUP, INC.</B></FONT></TD></TR>
<TR>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">DATE:&nbsp;May 16, 2017</FONT></TD>
    <TD STYLE="text-decoration: underline; text-align: left"><FONT STYLE="font-size: 10pt"><U>/s/ Terri A. Pizzuto</U></FONT></TD></TR>
<TR>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">By: Terri A. Pizzuto</FONT></TD></TR>
<TR>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">Title: Executive Vice President, Chief Financial Officer</FONT></TD></TR>
<TR>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-left: 20pt">&nbsp;&nbsp;&nbsp;and Treasurer</TD></TR>
</TABLE>
<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.05in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.05in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.05in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.05in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.05in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.05in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.05in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.05in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0 0pt 0.05in"><B></B></P>

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<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0 0pt 0.05in"><B>EXHIBIT INDEX</B></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.05in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.05in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.05in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.05in"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Exhibit No.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 9%; text-align: left"><FONT STYLE="font-size: 10pt">10.1</FONT></TD>
    <TD STYLE="width: 91%; text-align: left"><FONT STYLE="font-size: 10pt">Form of Terms of Restricted Stock Award to Directors
under the Hub Group, Inc. 2017 Long-Term Incentive Plan</FONT></TD>
</TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">10.2</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Form of Terms of Restricted Stock Award to non-directors under
the Hub Group, Inc. 2017 Long-Term Incentive Plan</FONT></TD>
</TR>
</TABLE>


<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.05in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.05in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.05in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.05in">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>exh_101.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0; text-align: right"><B>Exhibit 10.1</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">Terms of Restricted Stock Award under</U></FONT><BR>
<FONT STYLE="text-underline-style: double"><U>Hub Group, Inc. 2017 </U></FONT><U>Long-Term Incentive Plan</U></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><U>Non-Employee Director</U></P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0">The Participant has been granted a Full Value Award in the form
of shares of restricted stock (a &ldquo;Restricted Stock Award&rdquo;) by Hub Group, Inc. (the &quot;Company&quot;) under the
Hub Group, Inc. 2017 Long-Term Incentive Plan (the &quot;Plan&quot;). The Restricted Stock Award shall be subject to the following
Restricted Stock Award Terms:</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0"><FONT STYLE="text-transform: uppercase">1.<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Terms of Award</U>. The following words and phrases used in these Restricted Stock Award Terms shall have the
meanings set forth in this Section 1:</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(a)</TD><TD>The &quot;Participant&quot; is ________________</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(b)</TD><TD>The &quot;Grant Date&quot; is ________________</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(c)</TD><TD>The number of &quot;Covered Shares&quot; shall be ______ shares of Stock.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">Other words and phrases used in these Restricted Stock Award Terms are defined pursuant
to Section 9 or elsewhere in these Restricted Stock Award Terms.</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0"><FONT STYLE="text-transform: uppercase">2.<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Restricted Period</U>. Subject to the limitations of these Restricted Stock Award Terms, the &quot;Restricted
Period&quot; for each Installment of Covered Shares of the Restricted Stock Award shall begin on the Grant Date and end as described
in the following schedule (but only if the Date of Termination has not occurred before end of the Restricted Period):</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="2" ALIGN="CENTER" STYLE="width: 90%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD NOWRAP STYLE="width: 50%; border: black 1pt solid; text-align: center">INSTALLMENT</TD>
    <TD NOWRAP STYLE="width: 50%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center">RESTRICTED<BR>
PERIOD WILL<BR>
END ON:</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center">1/3 of Covered Shares</TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center">One year anniversary of the Grant Date</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center">1/3 of Covered Shares</TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center">Two year anniversary of the Grant Date</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center">Remainder of Covered Shares</TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center">Three year anniversary of the Grant Date</TD></TR>
</TABLE>
<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">Notwithstanding the foregoing provisions of this Section 2, the Participant shall become
vested in the Covered Shares, and become owner of the shares free of all restrictions otherwise imposed by this Agreement, prior
to the end of the Restricted Period, as follows:</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(a)</TD><TD>The Participant shall become vested in the Covered Shares as of the Date of Termination prior to the date the Covered Shares
would otherwise become vested, if the date of Termination occurs by reason of the Participant&rsquo;s death or disability.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(b)</TD><TD>The Participant shall become vested in the Covered Shares upon a Change in Control that occurs on or before the Date of Termination.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

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<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(c)</TD><TD>In the sole discretion of the Committee, the Participant may become vested in the Covered Shares as of the Date of Termination
prior to the date the Covered Shares would otherwise become vested, if the Date of Termination occurs by reason of the Participant&rsquo;s
Retirement.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0"><FONT STYLE="text-transform: uppercase">3.<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Transfer and Forfeiture of Shares. </U>Except as otherwise determined by the Committee in its sole discretion,
the Participant shall forfeit the Installments of the Covered Shares as of the Participant's Date of Termination, if such Date
of Termination occurs prior to the end of the Restricted Period which applies to those Installments. If the Participant's Date
of Termination has not occurred prior to the last day of the Restricted Period with respect to any Installment of the Covered
Shares, then, at the end of such Restricted Period, that Installment of Covered Shares shall be transferred to the Participant
free of all restrictions.</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0"><FONT STYLE="text-transform: uppercase">4.<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Withholding. </U>All deliveries and distributions under these Restricted Stock Award Terms are subject to withholding
of all applicable taxes. At the election of the Participant, and subject to such rules and limitations as may be established by
the Committee from time to time, the Participant may designate the Company to handle such withholding obligations. Withholding
obligations may be satisfied through the surrender of shares of Stock which the Participant already owns, or to which the Participant
is otherwise entitled under the Plan; provided, however, that such shares may be used to satisfy not more than the Company's minimum
statutory withholding obligation (based on minimum statutory withholding rates for Federal and state tax purposes, including payroll
taxes, that are applicable to such supplemental taxable income).</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0"><FONT STYLE="text-transform: uppercase">5.<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Transferability</U>. Except as otherwise provided by the Committee, the Restricted Stock Award (and the Covered
Shares) may not be sold, assigned, transferred, pledged or otherwise encumbered during the Restricted Period, or if earlier, when
the Participant becomes vested in the shares.</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0"><FONT STYLE="text-transform: uppercase">6.<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Dividends</U>. The Participant shall not be prevented from receiving dividends and distributions paid on the Covered
Shares merely because those shares are subject to the restrictions imposed by these Restricted Stock Award Terms and the Plan;
provided, however, that no dividends or distributions shall be payable to or for the benefit of the Participant with respect to
record dates for such dividends or distributions for any Covered Shares occurring on or after the date, if any, on which the Participant
has forfeited those shares. Any dividends paid with respect to Covered Shares which remain subject to the restrictions hereunder
shall also be subject to the same restrictions and risk of forfeiture as the Covered Shares and shall be withheld by the Company
until such restrictions lapse, pursuant to the procedures as may be established by the Committee from time to time and, upon the
lapse of such restrictions, shall be paid or distributed to the Participant within 60 days after the vesting date of such dividends.</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0"><FONT STYLE="text-transform: uppercase">7.<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Voting</U>. The Participant shall not be prevented from voting the Restricted Stock Award merely because those
shares are subject to the restrictions imposed by these Restricted Stock Award Terms and the Plan; provided, however, that the
Participant shall not be entitled to vote Covered Shares with respect to record dates for any Covered Shares occurring on or after
the date, if any, on which the Participant has forfeited those shares.</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0"><FONT STYLE="text-transform: uppercase"></FONT></P>

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<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0"><FONT STYLE="text-transform: uppercase">8.<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Deposit of Restricted Stock Award</U>. Each certificate issued in respect of the Covered Shares awarded under
these Restricted Stock Award Terms shall be registered in the name of the Participant and shall, in the discretion of the Committee,
be retained by the Company or deposited in a bank designated by the Committee, until the restrictions lapse.</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0"><FONT STYLE="text-transform: uppercase">9.<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Definitions</U><B>. </B>For purposes of these Restricted Stock Award Terms, except where the context clearly
implies or indicates the contrary, a word, term, or phrase used in the Plan is similarly used in these Restricted Stock Award
Terms.</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0"><FONT STYLE="text-transform: uppercase">10.<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Heirs and Successors</U>. These Restricted Stock Award Terms shall be binding upon, and inure to the benefit
of, the Company and its successors and assigns, and upon any person acquiring, whether by merger, consolidation, purchase of assets
or otherwise, all or substantially all of the Company's assets and business. If any benefits deliverable to the Participant under
these Restricted Stock Award Terms have not been delivered at the time of the Participant's death, such benefits shall be delivered
to the Participant&rsquo;s Designated Beneficiary, in accordance with the provisions of these Restricted Stock Award Terms. The
&quot;Designated Beneficiary&quot; shall be the beneficiary or beneficiaries designated by the Participant in a writing filed
with the Committee in such form and at such time as the Committee shall require. If a deceased Participant fails to designate
a beneficiary, or if the Designated Beneficiary does not survive the Participant, any rights that would have been exercisable
by the Participant and any benefits distributable to the Participant shall be distributed to the legal representative of the estate
of the Participant. If a deceased Participant designates a beneficiary and the Designated Beneficiary survives the Participant
but dies before the complete distribution of benefits to the Designated Beneficiary under these Restricted Stock Award Terms,
then any benefits distributable to the Designated Beneficiary shall be distributed to the legal representative of the estate of
the Designated Beneficiary.</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0"><FONT STYLE="text-transform: uppercase">11.<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Administration</U>. The authority to manage and control the operation and administration of these Restricted
Stock Award Terms shall be vested in the Committee, and the Committee shall have all powers with respect to these Restricted Stock
Award Terms as it has with respect to the Plan. Any interpretation of these Restricted Stock Award Terms by the Committee and
any decision made by it with respect to these Restricted Stock Award Terms is final and binding on all persons.</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0"><FONT STYLE="text-transform: uppercase">12.<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Plan Governs</U>. Notwithstanding anything in these Restricted Stock Award Terms to the contrary, these Restricted
Stock Award Terms shall be subject to the terms of the Plan, a copy of which may be obtained by the Participant from the office
of the Secretary of the Company; and these Restricted Stock Award Terms is subject to all interpretations, amendments, rules and
regulations promulgated by the Committee from time to time pursuant to the Plan.</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0"><FONT STYLE="text-transform: uppercase">13.<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Notices</U>. Any written notices provided for in these Restricted Stock Award Terms or the Plan shall be in writing
and shall be deemed sufficiently given if either hand delivered or if sent by fax or overnight courier, or by postage paid first
class mail. Notices sent by mail shall be deemed received three business days after mailing but in no event later than the date
of actual receipt. Notices shall be directed, if to the Participant, at the Participant's address indicated by the Company's records,
or if to the Company, at the Company's principal executive office.</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0"><FONT STYLE="text-transform: uppercase">14.<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Fractional Shares</U>. In lieu of issuing a fraction of a share, resulting from an adjustment of the Restricted
Stock Award pursuant to the Plan or otherwise, the Company will be entitled to pay to the Participant an amount equal to the fair
market value of such fractional share.</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0"><FONT STYLE="text-transform: uppercase"></FONT></P>

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<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0"><FONT STYLE="text-transform: uppercase">15.<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Amendment</U>. These Restricted Stock Award Terms may be amended in accordance with the provisions of the Plan,
and may otherwise be amended by written agreement of the Participant and the Company without the consent of any other person.</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0">IN WITNESS WHEREOF, the Company has caused these presents to be executed
in its name and on its behalf, all as of the Grant Date.</P>

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<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0">HUB GROUP, INC.</P>

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<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">By: &#9;_________________________<BR>
Its: &#9;_________________________</P>

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<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>exh_102.htm
<DESCRIPTION>EXHIBIT 10.2
<TEXT>
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<P STYLE="margin: 0; text-align: right"><B>Exhibit 10.2</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">Terms of Restricted Stock Award under</FONT><BR>
<FONT STYLE="text-underline-style: double"><U>Hub Group, Inc. 2017 Long-Term Incentive Plan</U></FONT></P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0">The Participant has been granted a Full Value Award in the form
of shares of restricted stock (a &ldquo;Restricted Stock Award&rdquo;) by Hub Group, Inc. (the &quot;Company&quot;) under the
Hub Group, Inc. 2017 Long-Term Incentive Plan (the &quot;Plan&quot;). The Restricted Stock Award shall be subject to the following
Restricted Stock Award Terms:</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0"><FONT STYLE="text-transform: uppercase">1.<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Terms of Award</U>. The following words and phrases used in these Restricted Stock Award Terms shall have the
meanings set forth in this Section 1:</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(a)</TD><TD>The &quot;Participant&quot; is ______________</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(b)</TD><TD>The &quot;Grant Date&quot; is ______________</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(c)</TD><TD>The number of &quot;Covered Shares&quot; shall be ______ shares of Stock.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">Other words and phrases used in these Restricted Stock Award Terms are defined pursuant
to Section 9 or elsewhere in these Restricted Stock Award Terms.</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0"><FONT STYLE="text-transform: uppercase">2.<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Restricted Period</U>. Subject to the limitations of these Restricted Stock Award Terms, the &quot;Restricted
Period&quot; for each Installment of Covered Shares of the Restricted Stock Award shall begin on the Grant Date and end as described
in the following schedule (but only if the Date of Termination has not occurred before end of the Restricted Period):</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="2" ALIGN="CENTER" STYLE="width: 90%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD NOWRAP STYLE="width: 50%; border: black 1pt solid; text-align: center">INSTALLMENT</TD>
    <TD NOWRAP STYLE="width: 50%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center">RESTRICTED<BR>
PERIOD WILL<BR>
END ON:</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center">1/5 of Covered Shares</TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center">One year anniversary of the Grant Date</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center">1/5 of Covered Shares</TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center">Two year anniversary of the Grant Date</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center">1/5 of Covered Shares</TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center">Three year anniversary of the Grant Date</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center">1/5 of Covered Shares</TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center">Four year anniversary of the Grant Date</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center">Remainder of Covered Shares</TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center">Five year anniversary of the Grant Date</TD></TR>
</TABLE>
<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">Notwithstanding the foregoing provisions of this Section 2, the Participant shall become
vested in the Covered Shares, and become owner of the shares free of all restrictions otherwise imposed by this Agreement, prior
to the end of the Restricted Period, as follows:</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(a)</TD><TD>The Participant shall become vested in the Covered Shares as of the Date of Termination prior to the date the Covered Shares
would otherwise become vested, if the Date of Termination occurs by reason of the Participant&rsquo;s death or disability.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(b)</TD><TD>The Participant shall become vested in the Covered Shares upon a Change in Control that occurs on or before the Date of Termination.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(c)</TD><TD>In the sole discretion of the Committee, the Participant may become vested in the Covered Shares as of the Date of Termination
prior to the date the Covered Shares would otherwise become vested, if the Date of Termination occurs by reason of the Participant&rsquo;s
Retirement.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0"><FONT STYLE="text-transform: uppercase">3.<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Transfer and Forfeiture of Shares.</U> Except as otherwise determined by the Committee in its sole discretion,
the Participant shall forfeit the Installments of the Covered Shares as of the Participant's Date of Termination, if such Date
of Termination occurs prior to the end of the Restricted Period which applies to those Installments. If the Participant's Date
of Termination has not occurred prior to the last day of the Restricted Period with respect to any Installment of the Covered
Shares, then, at the end of such Restricted Period, that Installment of Covered Shares shall be transferred to the Participant
free of all restrictions.</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0"><FONT STYLE="text-transform: uppercase">4.<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Withholding</U>. All deliveries and distributions under these Restricted Stock Award Terms are subject to withholding
of all applicable taxes. At the election of the Participant, and subject to such rules and limitations as may be established by
the Committee from time to time, such withholding obligations may be satisfied through the surrender of shares of Stock which
the Participant already owns, or to which the Participant is otherwise entitled under the Plan; provided, however, that such shares
may be used to satisfy not more than the Company's minimum statutory withholding obligation (based on minimum statutory withholding
rates for Federal and state tax purposes, including payroll taxes, that are applicable to such supplemental taxable income).</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0"><FONT STYLE="text-transform: uppercase">5.<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Transferability</U>. Except as otherwise provided by the Committee, the Restricted Stock Award (and the Covered
Shares) may not be sold, assigned, transferred, pledged or otherwise encumbered during the Restricted Period, or if earlier, when
the Participant becomes vested in the shares.</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0"><FONT STYLE="text-transform: uppercase">6.<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Dividends</U>. The Participant shall not be prevented from receiving dividends and distributions paid on the Covered
Shares merely because those shares are subject to the restrictions imposed by these Restricted Stock Award Terms and the Plan;
provided, however that no dividends or distributions shall be payable to or for the benefit of the Participant with respect to
record dates for such dividends or distributions for any Covered Shares occurring on or after the date, if any, on which the Participant
has forfeited those shares. Any dividends paid with respect to Covered Shares which remain subject to the restrictions hereunder
shall also be subject to the same restrictions and risk of forfeiture as the Covered Shares and shall be withheld by the Company
until such restrictions lapse, pursuant to the procedures as may be established by the Committee from time to time and, upon the
lapse of such restrictions, shall be paid or distributed to the Participant within 60 days after the vesting date of such dividends.</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0"><FONT STYLE="text-transform: uppercase">7.<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Voting</U>. The Participant shall not be prevented from voting the Restricted Stock Award merely because those
shares are subject to the restrictions imposed by these Restricted Stock Award Terms and the Plan; provided, however, that the
Participant shall not be entitled to vote Covered Shares with respect to record dates for any Covered Shares occurring on or after
the date, if any, on which the Participant has forfeited those shares.</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0"></P>

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<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0"><FONT STYLE="text-transform: uppercase">8.<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Deposit of Restricted Stock Award</U>. Each certificate issued in respect of the Covered Shares awarded under
these Restricted Stock Award Terms shall be registered in the name of the Participant and shall, in the discretion of the Committee,
be retained by the Company or deposited in a bank designated by the Committee, until the restrictions lapse.</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0"><FONT STYLE="text-transform: uppercase">9.<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Definitions</U><B>. </B>For purposes of these Restricted Stock Award Terms, except where the context clearly
implies or indicates the contrary, a word, term, or phrase used in the Plan is similarly used in these Restricted Stock Award
Terms.</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0"><FONT STYLE="text-transform: uppercase">10.<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Heirs and Successors</U>. These Restricted Stock Award Terms shall be binding upon, and inure to the benefit
of, the Company and its successors and assigns, and upon any person acquiring, whether by merger, consolidation, purchase of assets
or otherwise, all or substantially all of the Company's assets and business. If any benefits deliverable to the Participant under
these Restricted Stock Award Terms have not been delivered at the time of the Participant's death, such benefits shall be delivered
to the Participant&rsquo;s Designated Beneficiary, in accordance with the provisions of these Restricted Stock Award Terms. The
&quot;Designated Beneficiary&quot; shall be the beneficiary or beneficiaries designated by the Participant in a writing filed
with the Committee in such form and at such time as the Committee shall require. If a deceased Participant fails to designate
a beneficiary, or if the Designated Beneficiary does not survive the Participant, any rights that would have been exercisable
by the Participant and any benefits distributable to the Participant shall be distributed to the legal representative of the estate
of the Participant. If a deceased Participant designates a beneficiary and the Designated Beneficiary survives the Participant
but dies before the complete distribution of benefits to the Designated Beneficiary under these Restricted Stock Award Terms,
then any benefits distributable to the Designated Beneficiary shall be distributed to the legal representative of the estate of
the Designated Beneficiary.</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0"><FONT STYLE="text-transform: uppercase">11.<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Administration</U>. The authority to manage and control the operation and administration of these Restricted
Stock Award Terms shall be vested in the Committee, and the Committee shall have all powers with respect to these Restricted Stock
Award Terms as it has with respect to the Plan. Any interpretation of these Restricted Stock Award Terms by the Committee and
any decision made by it with respect to these Restricted Stock Award Terms is final and binding on all persons.</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0"><FONT STYLE="text-transform: uppercase">12.<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Plan Governs</U>. Notwithstanding anything in these Restricted Stock Award Terms to the contrary, these Restricted
Stock Award Terms shall be subject to the terms of the Plan, a copy of which may be obtained by the Participant from the office
of the Secretary of the Company; and these Restricted Stock Award Terms is subject to all interpretations, amendments, rules and
regulations promulgated by the Committee from time to time pursuant to the Plan.</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0"><FONT STYLE="text-transform: uppercase">13.<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Not An Employment Contract</U>. The Restricted Stock Award will not confer on the Participant any right with respect
to continuance of employment or other service with the Company or any Related Company, nor will it interfere in any way with any
right the Company or any Related Company would otherwise have to terminate or modify the terms of such Participant's employment
or other service at any time.</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0"></P>

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<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0"><FONT STYLE="text-transform: uppercase">14.<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Notices</U>. Any written notices provided for in these Restricted Stock Award Terms or the Plan shall be in writing
and shall be deemed sufficiently given if either hand delivered or if sent by fax or overnight courier, or by postage paid first
class mail. Notices sent by mail shall be deemed received three business days after mailing but in no event later than the date
of actual receipt. Notices shall be directed, if to the Participant, at the Participant's address indicated by the Company's records,
or if to the Company, at the Company's principal executive office.</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0"><FONT STYLE="text-transform: uppercase">15.<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Fractional Shares</U>. In lieu of issuing a fraction of a share, resulting from an adjustment of the Restricted
Stock Award pursuant to the Plan or otherwise, the Company will be entitled to pay to the Participant an amount equal to the fair
market value of such fractional share.</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0"><FONT STYLE="text-transform: uppercase">16.<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Amendment</U>. These Restricted Stock Award Terms may be amended in accordance with the provisions of the Plan,
and may otherwise be amended by written agreement of the Participant and the Company without the consent of any other person.</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0">IN WITNESS WHEREOF, the Company has caused these presents to be executed
in its name and on its behalf, all as of the Grant Date.</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0">HUB GROUP, INC.</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">By: &#9;_________________________<BR>
<BR>
</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">Its: &#9;_________________________</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: left; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font-size: 10pt; margin-top: 0pt; text-align: center; margin-bottom: 0pt">4</P>

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<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

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