SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
COL DOUGLAS L

(Last) (First) (Middle)
11465 JOHNS CREEK PARKWAY, SUITE 400

(Street)
JOHNS CREEK GA 30097

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
SAIA INC [ SAIA ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Executive VP, CFO & Secretary
3. Date of Earliest Transaction (Month/Day/Year)
02/11/2021
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/11/2021 F 544(1) D $200.81 5,409 D
Common Stock 02/11/2021 A 1,806(2) A $0.00 7,215 D
Common Stock 02/11/2021 A 736(3) A $0.00 7,951 D
Common Stock 02/12/2021 M 1,270 A $73.35 9,221 D
Common Stock 02/12/2021 M 940 A $100.2 10,161 D
Common Stock 02/12/2021 S 940 D $202.715 9,221 D
Common Stock 02/12/2021 S 1,500 D $204.26 7,721 D
Common Stock 02/12/2021 S 1,270 D $202.715(4) 6,451 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Options (Right to Buy) $200.81 02/11/2021 A 1,850 (5) 02/11/2028 Common Stock 1,850 $0.00 1,850 D
Stock Options (Right to Buy) $100.2 02/12/2021 M 940 (5) 02/06/2027 Common Stock 940 $0.00 1,880 D
Stock Options (Right to Buy) $73.35 02/12/2021 M 1,270 02/06/2021 02/06/2025 Common Stock 1,270 $0.00 0.00 D
Phantom Stock (6) (7) (8) Common Stock 2,738.522 2,738.522 D
Stock Options (Right to Buy) $66.03 02/07/2022 02/07/2026 Common Stock 1,580 1,580 D
Explanation of Responses:
1. Shares withheld at officer's election to cover tax liabilities incurred upon the issuance of Performance Unit Awards under the 2018 Omnibus Incentive Plan for the 1/1/18-12/31/20 performance period.
2. Issuance of Performance Unit Awards under the 2018 Omnibus Incentive Plan for the 1/1/18-12/31/20 performance period.
3. Restricted shares granted as part of the long-term incentive program approved by the Compensation Committee. The restricted stock award cliff vests in year three.
4. This transaction was executed in multiple trades at prices ranging from $202.715 USD to $202.715 USD; the price reported above reflects the weighted average sale price.
5. 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.
6. The conversion rate of this derivative security on February 11, 2021 is 1.1485 resulting in 3,145.313 shares of common stock (underlying security in column 7).
7. Immediate
8. 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.
Remarks:
/s/ Stephanie R. Maschmeier 02/16/2021
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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