Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF 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 *
  Hanley Walter P
2. Date of Event Requiring Statement (Month/Day/Year)
08/05/2005
3. Issuer Name and Ticker or Trading Symbol
LKQ CORP [lkqx]
(Last)
(First)
(Middle)
C/O LKQ CORPORATION, 120 NORTH LASALLE STREET, SUITE 3300
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
V.P. of Development
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

CHICAGO, IL 60602
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 Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock, par value $0.01 per share 10,000
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (right to buy) (12/1/02 grant)   (1) 12/01/2012 Common Stock, par value $0.01 per share 20,000 $ 8 D  
Employee Stock Option (right to buy) (10/2/03 grant)   (1) 10/02/2013 Common Stock, par value $0.01 per share 7,500 $ 13 D  
Employee Stock Option (right to buy) (1/9/04 grant)   (2) 01/09/2014 Common Stock, par value $0.01 per share 15,000 $ 17.96 D  
Employee Stock Option (right to buy) (1/14/05 grant)   (3) 01/14/2015 Common Stock, par value $0.01 per share 7,500 $ 17.68 D  
Employee Stock Option (right to buy) (1/29/05 grant) 01/29/2005 01/29/2015 Common Stock, par value $0.01 per share 21,000 $ 16.66 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Hanley Walter P
C/O LKQ CORPORATION
120 NORTH LASALLE STREET, SUITE 3300
CHICAGO, IL 60602
      V.P. of Development  

Signatures

Victor M. Casini, Attorney-in-Fact 08/15/2005
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(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) The option is exercisable with respect to 10% of the number of shares subject to the option on each six month anniversary of the grant date.
(2) The option was scheduled to be exercisable with respect to 10% of the number of shares subject to the option on each six month anniversary of the grant date; however, on January 10, 2005, the vesting schedule was accelerated so that all unvested shares became exercisable as of January 10, 2005.
(3) The option is exercisable with respect to 50% of the number of shares subject to the option on June 14, 2005 and with respect to an additional 5.555% of the number of shares subject to the option on January 14, 2006 and each six month anniversary thereafter until January 14, 2010.

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