SEC Form 5

FORM 5		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ANNUAL 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	OMB APPROVAL OMB Number: 3235-0362 Estimated average burden hours per response: 1.0
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
	Form 3 Holdings Reported.
	Form 4 Transactions Reported.

1. Name and Address of Reporting Person* ZIEMER JAMES L (Last) (First) (Middle) 3700 W. JUNEAU AVENUE (Street) MILWAUKEE 53202 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol HARLEY DAVIDSON INC [ HDI ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director 10% Owner X Officer (give title below) Other (specify below) President & CEO
	3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year) 12/31/2005
	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 at end of Issuer's Fiscal Year (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
				Amount	(A) or (D)	Price
Common Stock	12/30/2005		G	38,600	A	$0	38,600	I	By Family Limited Partnership #2
Common Stock	12/30/2005		G	38,600	D	$0	159,468	D
Common Stock							46,648.5533	I	By 401(k)
Common Stock							4,054	I	By DRIP
Common Stock							6,500	I	By Foundation
Common Stock							23,800	I	By Partnership
Common Stock							354.33	I	As Custodian for Grandsons
Common Stock (restricted stock)(1)							12,227(2)	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)
					(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (right to buy)(3)	$44.41						02/08/2002(4)	02/07/2011	Common Stock	31,331		31,331	D
Stock Option (right to buy)(3)	$52.45						02/10/2005(5)	02/09/2014	Common Stock	30,125		30,125	D
Stock Option (right to buy)(3)	$40.72						02/12/2004(5)	02/11/2013	Common Stock	37,673		37,673	D
Stock Option (right to buy)(3)	$52.1						02/13/2003(5)	02/12/2012	Common Stock	28,045		28,045	D
Stock Option (right to buy)(1)	$61.205						02/15/2006(6)	02/15/2015	Common Stock	19,245		19,245	D
Stock Option (right to buy)(3)	$33.5938						02/17/2001(4)	02/16/2010	Common Stock	39,446		39,446	D
Stock Option (right to buy)(1)	$25.7969						02/18/2000(4)	02/17/2009	Common Stock	40,998		40,998	D
Stock Option (right to buy)(3)	$14.4063						02/19/1999(4)	02/18/2008	Common Stock	65,346		65,346	D
Stock Option (right to buy)(1)	$46.39						05/02/2006(6)	05/02/2015	Common Stock	80,000		80,000	D

Explanation of Responses:

1. Granted pursuant to the Harley-Davidson, Inc. 2004 Incentive Stock Plan.

2. Restricted stock granted pursuant to the Harley-Davidson, Inc. 2004 Incentive Stock Plan is subject to forfeiture until completion of a four- or five-year vesting period, except that 50% of the shares that have a four-year vesting period may vest after two years based on performance.

3. Granted pursuant to the Harley-Davidson, Inc. 1995 Stock Option Plan.

4. All options are currently exercisable.

5. Options granted pursuant to the 1995 Plan shall become exercisable for 25% of the shares covered by the Option on each of the first four anniversaries of the date of grant.

6. Options granted pursuant to the Harley-Davidson, Inc. 2004 Incentive Stock Plan shall become exercisable for 25% of the shares covered by the option on each of the first four anniversaries of the date of grant.

Remarks:

	Tonit M. Calaway	01/20/2006
	** 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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