Anna Reilly - Dec 31, 2021 Form 5 Insider Report for LAMAR ADVERTISING CO/NEW (LAMR)

Role
Director
Signature
/s/ James McIlwain, as attorney-in-fact
Stock symbol
LAMR
Transactions as of
Dec 31, 2021
Transactions value $
$0
Form type
5
Date filed
2/14/2022, 03:07 PM
Previous filing
May 21, 2021
Next filing
May 23, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction LAMR Class B Common Stock Gift $0 -700K -70% $0.00 300K Oct 11, 2021 Class A Common Stock 700K Direct F1
transaction LAMR Class B Common Stock Gift $0 +700K $0.00 700K Oct 11, 2021 Class A Common Stock 700K By LLC F1, F2
holding LAMR Class B Common Stock 9M Dec 31, 2021 Class A Common Stock 9M By LLC F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to the terms of the Issuer's Certificate of Incorporation, the Class B Common Stock is convertible into Class A Common Stock on a one-for-one basis, exercisable immediately, and has no expiration date.
F2 Shares held by Truckstop Lunch Ladies LLC ("TLL") of which the reporting person is the sole manager. The manager has sole voting and dispositive power over the shares held by TLL. The reporting person gifted shares held by her jointly with her spouse to TLL.
F3 Shares held by the Reilly Family, LLC of which the reporting person is a manager.