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: ODELL RICHARD D (President & CEO of Saia)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-02-02	Stock Options (Right to Buy)	$12.10	A	22360	Acquired	2017-02-01	Common Stock (22360)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	61775	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Phantom Stock	$0		Common Stock (41565.79)	41565.79	Direct
Stock Options (Right to Buy)	$4.363	2010-10-25	Common Stock (30017)	30017	Direct
Stock Options (Right to Buy)	$4.123	2009-12-15	Common Stock (0)	0	Direct
Stock Options (Right to Buy)	$4.62	2009-04-21	Common Stock (0)	0	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 February 2, 2010 is 0.8466 resulting in 35,190.96 shares of common stock (underlying security in column 7).

F2: Immediate

F3: The shares of phantom stock become payable, in stock, upon reporting person's termination of service as an employee