LAMAR ADVERTISING CO/NEW — Director's Dealing 2014

May 23, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LAMAR ADVERTISING CO/NEW (LAMR)
CIK: 0001090425
Period of Report: 2014-05-21

Reporting Person: MUMBLOW STEPHEN P (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-05-21	Class A Common Stock	A	1119	—	Acquired	28395	Direct

Footnotes

F1: The securities reported were granted pursuant to the Issuer's 1996 Equity Incentive Plan. 560 shares were fully vested on the date of grant and the remaining 559 shares vest on the last day of the Reporting Person's one-year term as director of the Issuer.