FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

RAMU RAYMOND R
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)
Exec. VP & Chief Customer Off.
(Last)          (First)          (Middle)

11465 JOHNS CREEK PARKWAY, SUITE 400
3. Date of Earliest Transaction (MM/DD/YYYY)

2/15/2019
(Street)

JOHNS CREEK, GA 30097
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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   2/15/2019     M    13440.00   A $27.45   33920.00   D    
Common Stock   2/15/2019     M    4500.00   A $43.01   38420.00   D    
Common Stock   2/15/2019     S    4500.00   D $69.1929   33920.00   D    
Common Stock   2/15/2019     S    13440.00   D $69.1929   20480.00   D    
Common Stock   2/15/2019     S    2820.00   D $69.193   17660.00   D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 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 of Derivative Security: 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)   $43.01   2/15/2019     M         4500.00    2/3/2018   2/3/2022   Common Stock   4500.00   $0.00   0.00   D    
Stock Options (Right to Buy)   $27.45   2/15/2019     M         13440.00    2/9/2019   2/9/2023   Common Stock   13440.00   $0.00   0.00   D    
Phantom Stock     (1)                    (2)   (3) Common Stock   7073.244     7073.244   D    
Stock Options (Right to Buy)   $73.35                    2/6/2021   2/6/2025   Common Stock   3920.00     3920.00   D    
Stock Options (Right to Buy)   $66.03                    2/7/2022   2/7/2026   Common Stock   6500.00     6500.00   D    
Stock Options (Right to Buy)   $46.35                    2/7/2020   2/7/2024   Common Stock   3580.00     3580.00   D    

Explanation of Responses:
(1)  The conversion rate of this derivative security on February 15, 2019 is 1.1680 resulting in 8,335.926 shares of common stock (underlying security in column 7).
(2)  Immediate
(3)  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.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
RAMU RAYMOND R
11465 JOHNS CREEK PARKWAY, SUITE 400
JOHNS CREEK, GA 30097


Exec. VP & Chief Customer Off.

Signatures
/s/ Stephanie R. Maschmeier 2/18/2019
** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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