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SAIA INC Director's Dealing 2012

Feb 4, 2012

30746_dirs_2012-02-03_5aca288c-23f9-45d7-9ea9-28c211c25b96.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

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

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

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2012-02-02 Common Stock A 3318 $16.50 Acquired 14991 Direct
2012-02-02 Common Stock F 1217 $16.50 Disposed 13774 Direct
2012-02-02 Common Stock A 15152 $16.50 Acquired 28926 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2012-02-02 Stock Options (Right to Buy) $16.50 A 11130 Acquired 2019-02-02 Common Stock (11130) 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
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
Stock Options (Right to Buy) $16.39 2018-05-01 Common Stock (6230) 6230 Direct
Phantom Stock $ Common Stock (27313.731) 27313.731 Direct
Stock Options (Right to Buy) $23.00 2012-02-02 Common Stock (1300) 1300 Direct

Footnotes

F1: Immediate

F2: 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.

F3: Issuance of Performance Unit Awards under the Amended and Restated 2003 Omnibus Incentive Plan for the 2009-2011 performance period.

F4: Conversion rate of this derivative security on February 2, 2012 is 0.8512 resulting in 23,248.78 shares of common stock (underlying security in column 7).

F5: Restricted shares granted as part of the long-term incentive program approved by the Compensation Committee to address retention. The restricted stock award vests 25% in year three, 25% in year four and 50% in year five.

F6: Shares withheld at officer's election to cover tax liabilities incurred upon the issuance of Performance Unit Awards under the Amended and Restated 2003 Omnibus Incentive Plan for the 2008-2010 performance period.