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^*

WOODWARD JAMES H JR

(Last)

(First)

(Middle)

13050 HAWKINS CIRCLE

(Street)

HAGERSTOWN

21742

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
JLG INDUSTRIES INC [ JLG ]

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Executive V.P. & CFO

3. Date of Earliest Transaction (Month/Day/Year)
11/18/2005

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)
Capital stock, $.20 par value								0.03	I	401(k)
Capital stock, $.20 par value								130,670	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)
Contract⁽¹⁾	⁽¹⁾	11/18/2005		J⁽¹⁾		0⁽¹⁾		⁽¹⁾	06/01/2007	Capital Stock, $.20 par value	20,000	$0.00⁽¹⁾	0⁽¹⁾	D
Contract⁽²⁾	⁽²⁾	11/18/2005		J⁽²⁾		0⁽²⁾		⁽²⁾	06/02/2008	Capital Stock, $.20 par value	20,000	$0.00⁽²⁾	0⁽²⁾	D

Explanation of Responses:

1. On, November 18, 2005, Mr. Woodward entered into a Variable Prepaid Forward Agreement ("Agreement") relating to the forward sale of 20,000 shares of common stock of JLG Industries, Inc. ("Common Stock"). On November 18, 2005, the counterparty to the Agreement sold 20,000 shares of Common Stock in the public market. The Agreement provides that on June 1, 2007 ("Maturity Date"), Mr. Woodward will deliver a number of shares of Common Stock (or, at the election of Mr. Woodward, the cash equivalent of such shares) based on an agreed formula which is based on the closing price per share of the Common Stock on the Maturity Date, but not to exceed 20,000 shares, and based on such closing price's relationship to the put price of $42.0906 and the call price of $54.7178. In consideration of the Agreement, Mr. Woodward recieved an advance of $719,328.35.

2. On, November 18, 2005, Mr. Woodward entered into a Variable Prepaid Forward Agreement ("Agreement") relating to the forward sale of 20,000 shares of common stock of JLG Industries, Inc. ("Common Stock"). On November 18, 2005, the counterparty to the Agreement sold 20,000 shares of Common Stock in the public market. The Agreement provides that on June 2, 2008 ("Maturity Date"), Mr. Woodward will deliver a number of shares of Common Stock (or, at the election of Mr. Woodward, the cash equivalent of such shares) based on an agreed formula which is based on the closing price per share of the Common Stock on the Maturity Date, but not to exceed 20,000 shares, and based on such closing price's relationship to the put price of $42.0906 and the call price of $54.7178. In consideration of the Agreement, Mr. Woodward recieved an advance of $713,435.67.

Remarks:

	/s/James H. Woodward, Jr.	11/22/2005
	** 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).
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