SAIA INC — Director's Dealing 2015

May 7, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SAIA INC (SAIA)
CIK: 0001177702
Period of Report: 2015-05-05

Reporting Person: RAMU RAYMOND R (Chief Customer Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-05-05	Phantom Stock	$	I	775.627	Acquired		Common Stock (775.627)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	12936	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options (Right to Buy)	$11.00	2019-02-02	Common Stock (7845)	7845	Direct
Stock Options (Right to Buy)	$27.28	2020-04-29	Common Stock (6225)	6225	Direct
Stock Options (Right to Buy)	$31.50	2021-02-03	Common Stock (4300)	4300	Direct
Stock Options (Right to Buy)	$43.01	2022-02-03	Common Stock (4500)	4500	Direct

Footnotes

F1: The conversion rate of this derivative security on May 5, 2015 is 1.197 resulting in 8,466.40 shares of common stock (underlying security in column 7).

F2: Immediate

F3: The shares of phantom stock become payable in the Company's stock upon reporting person's termination of service as an employee, in accordance with the terms of the Plan.