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	3100	$37.10	Disposed	85658	Direct
2012-09-24	Class A Common Stock	S	300	$37.1015	Disposed	85358	Direct
2012-09-24	Class A Common Stock	S	100	$37.103	Disposed	85258	Direct
2012-09-24	Class A Common Stock	S	200	$37.104	Disposed	85058	Direct
2012-09-24	Class A Common Stock	S	700	$37.11	Disposed	84358	Direct
2012-09-24	Class A Common Stock	S	300	$37.1105	Disposed	84058	Direct
2012-09-24	Class A Common Stock	S	2200	$37.12	Disposed	81858	Direct
2012-09-24	Class A Common Stock	S	300	$37.1215	Disposed	81558	Direct
2012-09-24	Class A Common Stock	S	100	$37.1218	Disposed	81458	Direct
2012-09-24	Class A Common Stock	S	1200	$37.13	Disposed	80258	Direct
2012-09-24	Class A Common Stock	S	400	$37.14	Disposed	79858	Direct
2012-09-24	Class A Common Stock	S	1500	$37.18	Disposed	78358	Direct
2012-09-24	Class A Common Stock	S	300	$37.189	Disposed	78058	Direct
2012-09-24	Class A Common Stock	S	400	$37.21	Disposed	77658	Direct
2012-09-24	Class A Common Stock	S	450	$37.24	Disposed	77208	Direct
2012-09-24	Class A Common Stock	S	300	$37.243	Disposed	76908	Direct
2012-09-24	Class A Common Stock	S	300	$37.253	Disposed	76608	Direct
2012-09-24	Class A Common Stock	S	2800	$37.27	Disposed	73808	Direct
2012-09-24	Class A Common Stock	S	200	$37.28	Disposed	73608	Direct
2012-09-24	Class A Common Stock	S	300	$37.305	Disposed	73308	Direct
2012-09-24	Class A Common Stock	S	200	$37.35	Disposed	73108	Direct
2012-09-24	Class A Common Stock	S	300	$37.36	Disposed	72808	Direct
2012-09-24	Class A Common Stock	S	500	$37.37	Disposed	72308	Direct
2012-09-24	Class A Common Stock	S	100	$37.38	Disposed	72208	Direct
2012-09-24	Class A Common Stock	S	500	$37.40	Disposed	71708	Direct
2012-09-24	Class A Common Stock	S	300	$37.403	Disposed	71408	Direct
2012-09-24	Class A Common Stock	S	100	$37.41	Disposed	71308	Direct
2012-09-24	Class A Common Stock	S	1400	$37.42	Disposed	69908	Direct
2012-09-24	Class A Common Stock	S	300	$37.46	Disposed	69608	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.