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LAMAR ADVERTISING CO/NEW Director's Dealing 2007

May 29, 2007

30505_dirs_2007-05-29_f63e22ea-4aca-45e4-917f-33316203bcf6.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LAMAR ADVERTISING CO/NEW (LAMR)
CIK: 0001090425
Period of Report: 2007-05-24

Reporting Person: REILLY ANNA (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2007-05-24 Class A Common Stock A 465 Acquired 465 Direct

Holdings (Non-Derivative)

Security Shares Ownership
Class A Common Stock 26515 Indirect

Footnotes

F1: Shares held by the Reporting Person's grantor retained annuity trust.