SAGA COMMUNICATIONS INC - Director's Dealing 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SAGA COMMUNICATIONS INC (SGA)
CIK: 0000886136
Period of Report: 2019-11-06

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

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-11-06	Class A Common Stock	C	13397	—	Acquired	13397	Direct
2019-11-06	Class A Common Stock	F	13397	$30.29	Disposed	0	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-11-06	Class B Common Stock	$	C	13397	Disposed		Class A Common Stock (13397)	Direct

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