SAIA INC — Director's Dealing 2012

May 3, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SAIA INC (SAIA)
CIK: 0001177702
Period of Report: 2012-05-02

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-05-02	Common Stock	D	5000	$20.2961	Disposed	85351	Direct
2012-05-02	Common Stock	D	5000	$20.4071	Disposed	80351	Direct
2012-05-02	Common Stock	D	5000	$20.4074	Disposed	75351	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
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
Stock Options (Right to Buy)	$16.39	2018-05-01	Common Stock (19740)	19740	Direct
Stock Options (Right to Buy)	$16.50	2019-02-02	Common Stock (35300)	35300	Direct
Stock Options (Right to Buy)	$12.10	2017-02-01	Common Stock (22360)	22360	Direct
Phantom Stock	$0		Common Stock (42282.412)	42282.412	Direct

Footnotes

F1: Immediate

F2: The shares of phantom stock become payable, in stock, upon reporting person's termination of service as an employee

F3: Conversion rate of this derivative security on May 2, 2012 is 0.8472 resulting in 35,823.04 shares of common stock (underlying security in column 7).

F4: The options vest one-third in year three, one-third in year four and one-third in year five.