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LAMAR ADVERTISING CO/NEW Director's Dealing 2008

May 23, 2008

30505_dirs_2008-05-23_6e77fa4d-0f00-4034-bea8-66ccdd83b6a7.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: 2008-05-22

Reporting Person: Reilly Wendell (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-05-22	Class A Common Stock	A	743	—	Acquired	126208	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	104171	Indirect

Footnotes

F1: Shares held by the Wendell Reilly Family Irrevocable Trust (the "Trust"), of which the Reporting Person is the trustee and of which the Reporting Person's three children are beneficiaries.