LAMAR ADVERTISING CO/NEW — Director's Dealing 2013

Mar 5, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LAMAR ADVERTISING CO/NEW (LAMR)
CIK: 0001090425
Period of Report: 2013-03-01

Reporting Person: HAMILTON JOHN MAXWELL (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-03-01	Class A Common Stock	M	2500	$37.35	Acquired	15052	Direct
2013-03-01	Class A Common Stock	S	2500	$46.00	Disposed	12552	Direct
2013-03-04	Class A Common Stock	M	2500	$37.35	Acquired	15052	Direct
2013-03-04	Class A Common Stock	S	2500	$46.00	Disposed	12552	Direct
2013-03-05	Class A Common Stock	M	2500	$37.35	Acquired	15052	Direct
2013-03-05	Class A Common Stock	S	2500	$46.60	Disposed	12552	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-03-01	Stock Option (right to buy)	$37.35	M	2500	Disposed	2014-02-06	Class A Common Stock (2500)	Direct
2013-03-04	Stock Option (right to buy)	$37.35	M	2500	Disposed	2014-02-06	Class A Common Stock (2500)	Direct
2013-03-05	Stock Option (right to buy)	$37.35	M	2500	Disposed	2014-02-06	Class A Common Stock (2500)	Direct

Footnotes

F1: The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $46.60 to $46.62, inclusive. The reporting person undertakes to provide to Lamar Advertising Company, any security holder of Lamar Advertising Company, or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote 1.

F2: The option is for a total of 10,000 shares, which vested in full on February 6, 2010.