LITHIA MOTORS INC — Director's Dealing 2011

Nov 22, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LITHIA MOTORS INC (LAD)
CIK: 0001023128
Period of Report: 2011-11-18

Reporting Person: DEBOER BRYAN B (President & COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-11-18	Class A Common	M	5231	$19.24	Acquired	71831.00	Direct
2011-11-18	Class A Common	F	4885	—	Disposed	66946.00	Direct
2011-08-08	Class A Common	L	54	$17.65	Acquired	54.00	Indirect
2011-08-15	Class A Common	L	26	$18.06	Acquired	80.00	Indirect
2011-09-01	Class A Common	L	60	$17.68	Acquired	140.00	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-11-18	Stock Option (2001nq) (right to buy)	$19.24	M	5231	Disposed	2011-12-26	Class A Common (5231.00)	Direct

Footnotes

F1: This disposition to the issurer was executed pursuant to prior approval by the compensation committee in accordance with Section 16b-3(e).