LITHIA MOTORS INC — Director's Dealing 2012

Dec 7, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LITHIA MOTORS INC (LAD)
CIK: 0001023128
Period of Report: 2012-12-06

Reporting Person: North John F (VP of Finance, Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-12-06	Class A Common Stock	M	7100	$5.37	Acquired	15805	Direct
2012-12-06	Class A Common Stock	S	7100	$35.14	Disposed	8705	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-12-06	Stock Option (right to buy)	$5.37	M	7100	Disposed	2014-08-11	Class A Common Stock (7100)	Direct

Footnotes

F1: These options were granted on August 11, 2005 and vested 50% on the second anniversary of the grant date and 25% on each of the third and fourth anniversaries of the grant date.