LAMAR ADVERTISING CO/NEW — Director's Dealing 2014

Jan 17, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LAMAR ADVERTISING CO/NEW (LAMR)
CIK: 0001090425
Period of Report: 2014-01-17

Reporting Person: MUMBLOW STEPHEN P (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-01-17	Class A Common Stock	M	2500	$15.67	Acquired	17276	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-01-17	Stock Option (right to buy)	$15.67	M	2500	Disposed	2019-07-02	Class A Common Stock (2500)	Direct

Footnotes

F1: 100% of the shares subject to this option are fully vested and exercisable.