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*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
SAIA INC [ SAIA ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 08/16/2006 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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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, $.001 par value | 08/16/2006 | S | 1,367 | D | $32.053 | 328,471 | I(1) | By Parche, LLC | ||
Common Stock, $.001 par value | 08/16/2006 | S | 790 | D | $32.0253 | 327,681 | I(1) | By Parche, LLC | ||
Common Stock, $.001 par value | 08/16/2006 | S | 7,475 | D | $32.0325 | 320,206 | I(1) | By Parche, LLC | ||
Common Stock, $.001 par value | 08/17/2006 | S | 633 | D | $32.1549 | 319,573 | I(1) | By Parche, LLC | ||
Common Stock, $.001 par value | 08/17/2006 | S | 88 | D | $32.3175 | 319,485 | I(1) | By Parche, LLC | ||
Common Stock, $.001 par value | 08/17/2006 | S | 5,464 | D | $31.4475 | 314,021 | I(1) | By Parche, LLC | ||
Common Stock, $.001 par value | 08/16/2006 | S | 2,120 | D | $32.053 | 509,557 | I(2) | By Ramius Master Fund, Ltd. | ||
Common Stock, $.001 par value | 08/16/2006 | S | 1,224 | D | $32.0253 | 508,333 | I(2) | By Ramius Master Fund, Ltd. | ||
Common Stock, $.001 par value | 08/16/2006 | S | 11,596 | D | $32.0325 | 496,737 | I(2) | By Ramius Master Fund, Ltd. | ||
Common Stock, $.001 par value | 08/17/2006 | S | 982 | D | $32.1549 | 495,755 | I(2) | By Ramius Master Fund, Ltd. | ||
Common Stock, $.001 par value | 08/17/2006 | S | 136 | D | $32.3175 | 495,619 | I(2) | By Ramius Master Fund, Ltd. | ||
Common Stock, $.001 par value | 08/17/2006 | S | 8,475 | D | $31.4475 | 487,144 | I(2) | By Ramius Master Fund, Ltd. | ||
Common Stock, $.001 par value | 08/16/2006 | S | 475 | D | $32.053 | 114,222 | I(3) | By RCG Ambrose Master Fund, Ltd. | ||
Common Stock, $.001 par value | 08/16/2006 | S | 274 | D | $32.0253 | 113,948 | I(3) | By RCG Ambrose Master Fund, Ltd. | ||
Common Stock, $.001 par value | 08/16/2006 | S | 2,599 | D | $32.0325 | 111,349 | I(3) | By RCG Ambrose Master Fund, Ltd. | ||
Common Stock, $.001 par value | 08/17/2006 | S | 220 | D | $32.1549 | 111,129 | I(3) | By RCG Ambrose Master Fund, Ltd. | ||
Common Stock, $.001 par value | 08/17/2006 | S | 30 | D | $32.3175 | 111,099 | I(3) | By RCG Ambrose Master Fund, Ltd. | ||
Common Stock, $.001 par value | 08/17/2006 | S | 1,900 | D | $31.4475 | 109,199 | I(3) | By RCG Ambrose Master Fund, Ltd. | ||
Common Stock, $.001 par value | 08/16/2006 | S | 437 | D | $32.053 | 105,168 | I(4) | By RCG Halifax Fund, Ltd. | ||
Common Stock, $.001 par value | 08/16/2006 | S | 253 | D | $32.0253 | 104,915 | I(4) | By RCG Halifax Fund, Ltd. | ||
Common Stock, $.001 par value | 08/16/2006 | S | 2,393 | D | $32.0325 | 102,522 | I(4) | By RCG Halifax Fund, Ltd. | ||
Common Stock, $.001 par value | 08/17/2006 | S | 204 | D | $32.1549 | 102,318 | I(4) | By RCG Halifax Fund, Ltd. | ||
Common Stock, $.001 par value | 08/17/2006 | S | 28 | D | $32.3175 | 102,290 | I(4) | By RCG Halifax Fund, Ltd. | ||
Common Stock, $.001 par value | 08/17/2006 | S | 1,748 | D | $31.4475 | 100,542 | I(4) | By RCG Halifax Fund, Ltd. | ||
Common Stock, $.001 par value | 08/16/2006 | S | 3,401 | D | $32.053 | 817,445 | I(5) | By Starboard Value(6) | ||
Common Stock, $.001 par value | 08/16/2006 | S | 1,964 | D | $32.0253 | 815,481 | I(5) | By Starboard Value(6) | ||
Common Stock, $.001 par value | 08/16/2006 | S | 18,602 | D | $32.0325 | 796,879 | I(5) | By Starboard Value(6) | ||
Common Stock, $.001 par value | 08/17/2006 | S | 1,576 | D | $32.1549 | 795,303 | I(5) | By Starboard Value(6) | ||
Common Stock, $.001 par value | 08/17/2006 | S | 218 | D | $32.3175 | 795,085 | I(5) | By Starboard Value(6) | ||
Common Stock, $.001 par value | 08/17/2006 | S | 13,595 | D | $31.4475 | 781,490 | I(5) | By Starboard Value(6) |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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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 |
1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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Explanation of Responses: |
1. Consists of shares of Common Stock held by Parche, LLC (Parche). Each of Messrs. Peter A. Cohen, Morgan B. Stark, Jeffrey M. Solomon and Thomas W. Strauss is an authorized signatory for Admiral Advisors, LLC (Admiral), the managing member of Parche, and is also a managing member of C4S & Co, L.L.C. (C4S), the managing member of Ramius Capital Group, LLC (Ramius). Each of Messrs. Cohen, Stark, Solomon and Strauss, Ramius, C4S and Admiral may be deemed to be the beneficial owner of the shares held by Parche. Each of Messrs. Cohen, Stark, Solomon and Strauss, Ramius, C4S and Admiral disclaims beneficial ownership of such shares except to the extent of their pecuniary interest therein. |
2. Consists of shares of Common Stock held by Ramius Master Fund, Ltd. (Ramius Master). Each of Messrs. Peter A. Cohen, Morgan B. Stark, Jeffrey M. Solomon and Thomas W. Strauss is a managing member of C4S & Co, L.L.C. (C4S), the managing member of Ramius Capital Group, LLC (Ramius), the managing member of Ramius Advisors, LLC (Ramius Advisors), the investment manager of Ramius Master. Each of Messrs. Cohen, Stark, Solomon and Strauss, Ramius, Ramius Advisors and C4S may be deemed to be the beneficial owner of the shares held by Ramius Master. Each of Messrs. Cohen, Stark, Solomon and Strauss, Ramius, Ramius Advisors and C4S disclaims beneficial ownership of such shares except to the extent of their pecuniary interest therein. |
3. Consists of shares of Common Stock held by RCG Ambrose Master Fund, Ltd. (RCG Ambrose). Each of Messrs. Peter A. Cohen, Morgan B. Stark, Jeffrey M. Solomon and Thomas W. Strauss is a managing member of C4S & Co, L.L.C. (C4S), the managing member of Ramius Capital Group, LLC (Ramius), the investment manager of RCG Ambrose. Each of Messrs. Cohen, Stark, Solomon and Strauss, Ramius and C4S may be deemed to be the beneficial owner of the shares held by RCG Ambrose. Each of Messrs. Cohen, Stark, Solomon and Strauss, Ramius and C4S disclaims beneficial ownership of such shares except to the extent of their pecuniary interest therein. |
4. Consists of shares of Common Stock held by RCG Halifax Fund, Ltd. (RCG Halifax). Each of Messrs. Peter A. Cohen, Morgan B. Stark, Jeffrey M. Solomon and Thomas W. Strauss is a managing member of C4S & Co, L.L.C. (C4S), the managing member of Ramius Capital Group, LLC (Ramius), the investment manager of RCG Halifax. Each of Messrs. Cohen, Stark, Solomon and Strauss, Ramius and C4S may be deemed to be the beneficial owner of the shares held by RCG Halifax. Each of Messrs. Cohen, Stark, Solomon and Strauss, Ramius and C4S disclaims beneficial ownership of such shares except to the extent of their pecuniary interest therein. |
5. Consists of shares of Common Stock held by Starboard Value and Opportunity Master Fund Ltd. (Starboard). Each of Messrs. Peter A. Cohen, Morgan B. Stark, Jeffrey M. Solomon and Thomas W. Strauss is an authorized signatory for Admiral Advisors, LLC (Admiral), the investment manager for Starboard, and is also a managing member of C4S & Co, L.L.C. (C4S), the managing member of Ramius Capital Group, LLC (Ramius). Each of Messrs. Cohen, Stark, Solomon and Strauss, Ramius, C4S and Admiral may be deemed to be the beneficial owner of the shares held by Starboard. Each of Messrs. Cohen, Stark, Solomon and Strauss, Ramius, C4S and Admiral disclaims beneficial ownership of such shares except to the extent of their pecuniary interest therein. |
6. Starboard Value and Opportunity Master Fund Ltd. |
/s/ Cohen, Peter A. | 08/18/2006 | |
/s/ Solomon, Jeffrey M. | 08/18/2006 | |
/s/ Stark, Morgan B. | 08/18/2006 | |
/s/ Strauss, Thomas W. | 08/18/2006 | |
** 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 Number. |