SAGA COMMUNICATIONS INC — Director's Dealing 2011

Mar 3, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SAGA COMMUNICATIONS INC (SGA)
CIK: 0000886136
Period of Report: 2011-03-01

Reporting Person: CHRISTIAN EDWARD K (Director, Chairman, Pres and CEO, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-03-01	Class A Common Stock	C	784	—	Acquired	784	Direct
2011-03-01	Class A Common Stock	F	784	$28.95	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-03-01	Class B Common Stock	$	C	784	Disposed		Class A Common Stock (784)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	1947	Indirect

Footnotes

F1: Acquired upon conversion of Class B Common Stock on a 1-for-1 basis.

F2: Class B shares automatically convert into Class A Shares on a 1-for-1 basis upon their sale by the reporting person.