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: CHRISTIAN EDWARD K (Chairman, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-09-15	Class A Common Stock	M	31848	$27	Acquired	31848	Direct
2015-09-15	Class A Common Stock	F	27760	$35.07	Disposed	4088	Direct
2015-09-15	Class A Common Stock	D	4088	$35.07	Disposed	0	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	31848	Disposed	2016-03-01	Class B Common Stock (31848)	Direct

Footnotes

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

F2: Class B Common Stock automatically converts into Class A Common Stock on a 1-for-1 basis upon its sale by the reporting person.