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: MASCHMEIER STEPHANIE R (Controller)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-02-02	Stock Options (Right to Buy)	$12.10	A	3720	Acquired	2017-02-01	Common Stock (3720)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Phantom Stock	$		Common Stock (3100.926)	3100.926	Direct
Stock Options (Right to Buy)	$11.96	2016-02-02	Common Stock (3730)	3730	Direct

Footnotes

F1: Immediate

F2: The conversion rate of this derivative security on February 02, 2010 is 0.8466 resulting in 2,625.35 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.