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LAMAR ADVERTISING CO/NEW Director's Dealing 2009

May 29, 2009

30505_dirs_2009-05-29_ed4cdb88-e7bc-49fd-8f96-75d75b1ee5eb.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: 2009-05-28

Reporting Person: MUMBLOW STEPHEN P (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2009-05-28 Class A Common Stock A 3013 Acquired 7655 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2009-05-28 Stock Option (right to buy) $18.25 A 10000 Acquired 2019-05-28 Class A Common Stock (10000) Direct

Footnotes

F1: 20% vested immediately upon grant, and an additional 20% vests on each of the next four anniversaries of the grant date.