SAGA COMMUNICATIONS INC — Director's Dealing 2014

Nov 10, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SAGA COMMUNICATIONS INC (SGA)
CIK: 0000886136
Period of Report: 2014-11-06

Reporting Person: CHRISTIAN EDWARD K (Director, Chairman, President & CEO, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-11-06	Class A Common Stock	C	3024	—	Acquired	3024	Direct
2014-11-06	Class A Common Stock	F	3024	$41.15	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-11-06	Class B Common Stock	$	C	3024	Disposed		Class A Common Stock (3024)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	2861	Indirect

Footnotes

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

F2: The shares were forfeited for payment of tax withholding obligations related to the vesting of restricted stock.

F3: Class B shares automatically convert into Class A shares on a 1-for-1 basis upon their sale by the reporting person.