SAIA INC — Director's Dealing 2010

Sep 7, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SAIA INC (SAIA)
CIK: 0001177702
Period of Report: 2010-09-02

Reporting Person: ODELL RICHARD D (President & CEO of Saia)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-09-02	Common Stock	M	5017	$4.363	Acquired	66792	Direct
2010-09-02	Common Stock	M	25000	$4.363	Acquired	86775	Direct
2010-09-02	Common Stock	F	13913	$12.36	Disposed	72862	Direct
2010-09-02	Common Stock	S	5017	$12.316	Disposed	67845	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-09-02	Stock Options (Right to Buy)	$4.363	M	5017	Disposed	2010-10-25	Common Stock (5017)	Direct
2010-09-02	Stock Options (Right to Buy)	$4.363	M	25000	Disposed	2010-10-25	Common Stock (25000)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options (Right to Buy)	$12.10	2017-02-01	Common Stock (22360)	22360	Direct
Phantom Stock	$0		Common Stock (41566)	41566	Direct
Stock Options (Right to Buy)	$23.00	2012-02-02	Common Stock (5880)	5880	Direct
Stock Options (Right to Buy)	$27.38	2013-01-27	Common Stock (9560)	9560	Direct
Stock Options (Right to Buy)	$26.72	2014-02-01	Common Stock (11750)	11750	Direct
Stock Options (Right to Buy)	$26.72	2017-02-01	Common Stock (19990)	19990	Direct
Stock Options (Right to Buy)	$14.71	2015-01-31	Common Stock (26040)	26040	Direct
Stock Options (Right to Buy)	$11.96	2016-02-02	Common Stock (22400)	22400	Direct

Footnotes

F1: Conversion rate of this derivative security on September 2, 2010 is 0.8569 resulting in 35,616.57 shares of common stock (underlying security in column 7).

F2: Immediate

F3: The options vest one-third in year three, one-third in year four and one-third in year five.

F4: The shares of phantom stock become payable, in stock, upon reporting person's termination of service as an employee