SAIA INC — Director's Dealing 2012

Mar 7, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SAIA INC (SAIA)
CIK: 0001177702
Period of Report: 2012-03-05

Reporting Person: MASCHMEIER STEPHANIE (Controller)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-03-05	Phantom Stock	$	I	415.25	Acquired		Common Stock (415.25)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1107	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
Stock Options (Right to Buy)	$16.50	2019-02-02	Common Stock (4750)	4750	Direct

Footnotes

F1: Immediate

F2: The conversion rate of this derivative security on March 5, 2012 is 0.847 resulting in 4,148.42 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.