LAMAR ADVERTISING CO/NEW — Director's Dealing 2012

Sep 25, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LAMAR ADVERTISING CO/NEW (LAMR)
CIK: 0001090425
Period of Report: 2012-09-24

Reporting Person: Reilly Wendell (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-09-24	Class A. Common Stock	S	100	$37.4625	Disposed	69508	Direct
2012-09-24	Class A Common Stock	S	3700	$37.47	Disposed	65808	Direct
2012-09-24	Class A Common Stock	S	9700	$37.49	Disposed	56108	Direct
2012-09-24	Class A Common Stock	S	2200	$37.50	Disposed	53908	Direct
2012-09-24	Class A Common Stock	S	200	$37.51	Disposed	53708	Direct
2012-09-24	Class A Common Stock	S	1200	$37.52	Disposed	52508	Direct
2012-09-24	Class A Common Stock	S	800	$37.53	Disposed	51708	Direct
2012-09-24	Class A Common Stock	S	100	$37.535	Disposed	51608	Direct
2012-09-24	Class A Common Stock	S	400	$37.54	Disposed	51208	Direct
2012-09-24	Class A Common Stock	S	500	$37.55	Disposed	50708	Direct
2012-09-24	Class A Common Stock	S	200	$37.56	Disposed	50508	Direct
2012-09-24	Class A Common Stock	S	3000	$37.565	Disposed	47508	Direct
2012-09-24	Class A Common Stock	S	6000	$37.57	Disposed	41508	Direct
2012-09-24	Class A Common Stock	S	1200	$37.58	Disposed	40308	Direct
2012-09-24	Class A Common Stock	S	300	$37.59	Disposed	40008	Direct
2012-09-24	Class A Common Stock	S	930	$37.60	Disposed	39078	Direct
2012-09-24	Class A Common Stock	S	1020	$37.61	Disposed	38058	Direct
2012-09-24	Class A Common Stock	S	300	$37.6145	Disposed	37758	Direct
2012-09-24	Class A Common Stock	S	3550	$37.62	Disposed	34208	Direct
2012-09-24	Class A Common Stock	S	100	$37.635	Disposed	34108	Direct
2012-09-24	Class A Common Stock	S	400	$37.64	Disposed	33708	Direct
2012-09-24	Class A Common Stock	S	100	$37.66	Disposed	33608	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	253476	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.