LAMAR ADVERTISING CO/NEW — Director's Dealing 2012

Jun 26, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LAMAR ADVERTISING CO/NEW (LAMR)
CIK: 0001090425
Period of Report: 2012-06-25

Reporting Person: REILLY KEVIN P JR (Director, President, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-06-25	Class A Common Stock	A	14300	—	Acquired	278550	Direct
2012-06-25	Class A Common Stock	F	4498	$27.21	Disposed	274052	Direct

Footnotes

F1: These shares were certified by the Compensation Committee as earned in February 2012 pursuant to the previously announced performance-based equity bonus program for fiscal year 2011 under the Lamar 1996 Equity Incentive Plan, as amended.