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	300	$36.98	Disposed	143308	Direct
2012-09-24	Class A Common Stock	S	100	$36.99	Disposed	143208	Direct
2012-09-24	Class A Common Stock	S	17499	$37.00	Disposed	125709	Direct
2012-09-24	Class A Common Stock	S	100	$37.0015	Disposed	125609	Direct
2012-09-24	Class A Common Stock	S	15001	$37.01	Disposed	110608	Direct
2012-09-24	Class A Common Stock	S	300	$37.0114	Disposed	110308	Direct
2012-09-24	Class A Common Stock	S	200	$37.0115	Disposed	110108	Direct
2012-09-24	Class A Common Stock	S	500	$37.0118	Disposed	109608	Direct
2012-09-24	Class A Common Stock	S	400	$37.015	Disposed	109208	Direct
2012-09-24	Class A Common Stock	S	1868	$37.02	Disposed	107340	Direct
2012-09-24	Class A Common Stock	S	100	$37.0218	Disposed	107240	Direct
2012-09-24	Class A Common Stock	S	200	$37.023	Disposed	107040	Direct
2012-09-24	Class A Common Stock	S	1400	$37.03	Disposed	105640	Direct
2012-09-24	Class A Common Stock	S	200	$37.0314	Disposed	105440	Direct
2012-09-24	Class A Common Stock	S	1603	$37.04	Disposed	103837	Direct
2012-09-24	Class A Common Stock	S	100	$37.0419	Disposed	103737	Direct
2012-09-24	Class A Common Stock	S	200	$37.045	Disposed	103537	Direct
2012-09-24	Class A Common Stock	S	5900	$37.05	Disposed	97637	Direct
2012-09-24	Class A Common Stock	S	100	$37.054	Disposed	97537	Direct
2012-09-24	Class A Common Stock	S	800	$37.055	Disposed	96737	Direct
2012-09-24	Class A Common Stock	S	1746	$37.06	Disposed	94991	Direct
2012-09-24	Class A Common Stock	S	400	$37.065	Disposed	94591	Direct
2012-09-24	Class A Common Stock	S	100	$37.066	Disposed	94491	Direct
2012-09-24	Class A Common Stock	S	1833	$37.07	Disposed	92658	Direct
2012-09-24	Class A Common Stock	S	1100	$37.08	Disposed	91558	Direct
2012-09-24	Class A Common Stock	S	100	$37.084	Disposed	91458	Direct
2012-09-24	Class A Common Stock	S	400	$37.085	Disposed	91058	Direct
2012-09-24	Class A Common Stock	S	2200	$37.09	Disposed	88858	Direct
2012-09-24	Class A Common Stock	S	100	$37.095	Disposed	88758	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.