SAGA COMMUNICATIONS INC — Director's Dealing 2017

May 4, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SAGA COMMUNICATIONS INC (SGA)
CIK: 0000886136
Period of Report: 2017-05-02

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
2017-05-02	Class A Common Stock	S	3850	$51.8691	Disposed	1163100	Direct
2017-05-03	Class A Common Stock	S	40	$52	Disposed	1163060	Direct

Footnotes

F1: Represents average sale price of sales ranging between $51.80 and $52