SAIA INC — Director's Dealing 2011

Feb 4, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SAIA INC (SAIA)
CIK: 0001177702
Period of Report: 2011-02-01

Reporting Person: ODELL RICHARD D (President & CEO of Saia)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-01	Common Stock	S	20000	$14.8114	Disposed	52862	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options (Right to Buy)	$12.10	2017-02-01	Common Stock (22360)	22360	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
Phantom Stock	$0		Common Stock (41565.79)	41565.79	Direct

Footnotes

F1: Conversion rate of this derivative security on February 2, 2011 is 0.8398 resulting in 34,904.97 shares of common stock (underlying security in column 7).

F2: Immediate

F3: The options vest one-third in year three, one-third in year four and one-third in year five.

F4: The shares of phantom stock become payable, in stock, upon reporting person's termination of service as an employee