SAGA COMMUNICATIONS INC — Director's Dealing 2015

Sep 17, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SAGA COMMUNICATIONS INC (SGA)
CIK: 0000886136
Period of Report: 2015-09-15

Reporting Person: LADA WARREN S (Executive VP - Operations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-09-15	Class A Common Stock	M	17613	$27	Acquired	33044	Direct
2015-09-15	Class A Common Stock	F	14842	$35.07	Disposed	18202	Direct
2015-09-15	Class A Common Stock	D	2771	$35.07	Disposed	15431	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-09-15	Employee Stock Option (right to buy)	$27	M	17613	Disposed	2016-03-01	Class A Common Stock (17613)	Direct

Footnotes

F1: Options became exercisable in 20% increments on each of March 1, 2007, 2008, 2009, 2010 and 2011.