SAIA INC — Director's Dealing 2011

Sep 16, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SAIA INC (SAIA)
CIK: 0001177702
Period of Report: 2011-09-14

Reporting Person: MASCHMEIER STEPHANIE (Controller)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-09-14	Phantom Stock	$	I	636.665	Acquired		Common Stock (636.665)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options (Right to Buy)	$12.10	2017-02-01	Common Stock (3720)	3720	Direct
Stock Options (Right to Buy)	$11.96	2016-02-02	Common Stock (3730)	3730	Direct
Stock Options (Right to Buy)	$16.39	2018-05-01	Common Stock (3290)	3290	Direct

Footnotes

F1: Immediate

F2: The conversion rate of this derivative security on September 14, 2011 is 0.857 resulting in 3,841.71 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.