LAMAR ADVERTISING CO/NEW — Director's Dealing 2015

Jun 5, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LAMAR ADVERTISING CO/NEW (LAMR)
CIK: 0001090425
Period of Report: 2015-06-03

Reporting Person: Reilly Wendell (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-06-03	Class A Common Stock	M	10000	$18.25	Acquired	12320	Direct
2015-06-03	Class A Common Stock	M	6000	$42.21	Acquired	18320	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-06-03	Stock Option (right to buy)	$18.25	M	10000	Disposed	2019-05-28	Class A Common Stock (10000)	Direct
2015-06-03	Stock Option (right to buy)	$42.21	M	6000	Disposed	2023-01-24	Class A Common Stock (6000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	10	Indirect
Class A Common Stock	5000	Indirect

Footnotes

F1: The spouse of the reporting person is the general partner of Lamar Legacy, L.P., which owns the reported securities.

F2: The options fully vested as of May 28, 2013.

F3: 20% vested immediately upon grant (January 24, 2013), and an additional 20% vests on each of the next four anniversaries of the grant date.