SAIA INC — Director's Dealing 2011

May 4, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SAIA INC (SAIA)
CIK: 0001177702
Period of Report: 2011-05-02

Reporting Person: DARBY JAMES A (VP of Finance & CFO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-05-02	Stock Options (Right to Buy)	$16.39	A	6230	Acquired	2018-05-01	Common Stock (6230)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	11673	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options (Right to Buy)	$12.10	2017-02-01	Common Stock (7060)	7060	Direct
Phantom Stock	$		Common Stock (24893.595)	24893.595	Direct
Stock Options (Right to Buy)	$23.00	2012-02-02	Common Stock (1300)	1300	Direct
Stock Options (Right to Buy)	$27.38	2013-01-27	Common Stock (2170)	2170	Direct
Stock Options (Right to Buy)	$26.72	2014-02-01	Common Stock (3710)	3710	Direct
Stock Options (Right to Buy)	$14.71	2015-01-31	Common Stock (8220)	8220	Direct
Stock Options (Right to Buy)	$11.96	2016-02-02	Common Stock (7070)	7070	Direct

Footnotes

F1: Immediate

F2: The conversion rate of this derivative security on May 2, 2011 is 0.8416 resulting in 20,950.35 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.