SAIA INC — Director's Dealing 2020

May 20, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SAIA INC (SAIA)
CIK: 0001177702
Period of Report: 2020-05-18

Reporting Person: RAMU RAYMOND R (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-05-18	Common Stock	S	1002.00	$99.315	Disposed	8850.00	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Phantom Stock	$		Common Stock (7073.244)	7073.244	Direct
Stock Options (Right to Buy)	$100.20	2027-02-06	Common Stock (4880.00)	4880.00	Direct
Stock Options (Right to Buy)	$73.35	2025-02-06	Common Stock (3920.00)	3920.00	Direct
Stock Options (Right to Buy)	$66.03	2026-02-07	Common Stock (6500.00)	6500.00	Direct

Footnotes

F1: The conversion rate of this derivative security on May 18, 2020 is 1.1835 resulting in 8,371.071 shares of common stock (underlying security in column 7).

F2: Immediate

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

F4: Stock Options granted as part of the long-term incentive program approved by the Compensation Committee. One-third of the award vests each year on the anniversary of the grant date.