SAGA COMMUNICATIONS INC — Director's Dealing 2017

May 8, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SAGA COMMUNICATIONS INC (SGA)
CIK: 0000886136
Period of Report: 2017-05-04

Reporting Person: TOWERVIEW LLC (10% Owner)
Reporting Person: TISCH DANIEL R (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-05-04	Class A Common Stock	S	679	$51.4705	Disposed	1162381	Direct
2017-05-05	Class A Common Stock	S	374	$51.016	Disposed	1162007	Direct

Footnotes

F1: Represents average sale price of sales ranging between $51.25 and $51.55

F2: Represents average sale price of sales ranging between $51.00 and $52.00