SAGA COMMUNICATIONS INC — Director's Dealing 2009

Aug 6, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SAGA COMMUNICATIONS INC (SGA)
CIK: 0000886136
Period of Report: 2009-08-05

Reporting Person: BRADY BRIAN (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-08-05	Class A Common Stock	M	341	$0.04	Acquired	341	Direct
2009-08-05	Class A Common Stock	G	341	—	Disposed	0	Direct
2009-08-05	Class A Common Stock	G	170	—	Acquired	1131	Indirect
2009-08-05	Class A Common Stock	G	171	—	Acquired	1132	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-08-05	Directors Stock Option (right to buy)	$0.04	M	235	Disposed	2014-01-30	Class A Common Stock (235)	Direct
2009-08-05	Directors Stock Option (right to buy)	$0.04	M	106	Disposed	2013-01-31	Class A Common Stock (106)	Direct

Footnotes

F1: This transaction involved the exercise of stock options and the gift of shares of Class A Common Stock acquired upon such exercise by the reporting person to his two daughters. The reporting person disclaims beneficial ownership of their shares for purposes of Section 16 or for any other purpose.