SAIA INC — Director's Dealing 2010

Feb 4, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: ALBANESE ANTHONY D (Sr. VP Operations & Sales)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-02-02	Stock Options (Right to Buy)	$12.10	A	10570	Acquired	2017-02-01	Common Stock (10570)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	18000	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Phantom Stock	$		Common Stock (39283.29)	39283.29	Direct
Stock Options (Right to Buy)	$23.00	2012-02-02	Common Stock (3390)	3390	Direct
Stock Options (Right to Buy)	$27.38	2013-01-27	Common Stock (5500)	5500	Direct
Stock Options (Right to Buy)	$26.72	2014-02-01	Common Stock (5560)	5560	Direct
Stock Options (Right to Buy)	$14.71	2015-01-31	Common Stock (12300)	12300	Direct
Stock Options (Right to Buy)	$11.96	2016-02-02	Common Stock (10590)	10590	Direct

Footnotes

F1: Immediate

F2: The conversion rate of this derivative security on February 2, 2010 is 0.8466 resulting in 33,258.52 shares of common stock (underlying security in column 7).

F3: The shares of phantom stock become payable, in stock, upon reporting person's termination of service as an employee, in accordance with the terms of the Plan.