Sec Form 4 Filing - Reilly Wendell @ LAMAR ADVERTISING CO/NEW - 2012-09-24

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 Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Reilly Wendell 2. Issuer Name and Ticker or Trading Symbol LAMAR ADVERTISING CO/NEW [ LAMR] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) C/O LAMAR ADVERTISING COMPANY, 5321 CORPORATE BOULEVARD 3. Date of Earliest Transaction (MM/DD/YY) 09/24/2012 (Street) BATON ROUGE, LA70808 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 Class A Common Stock 09/24/2012 S 300 D $ 36.98 143,308 D Class A Common Stock 09/24/2012 S 100 D $ 36.99 143,208 D Class A Common Stock 09/24/2012 S 17,499 D $ 37 125,709 D Class A Common Stock 09/24/2012 S 100 D $ 37.0015 125,609 D Class A Common Stock 09/24/2012 S 15,001 D $ 37.01 110,608 D Class A Common Stock 09/24/2012 S 300 D $ 37.0114 110,308 D Class A Common Stock 09/24/2012 S 200 D $ 37.0115 110,108 D Class A Common Stock 09/24/2012 S 500 D $ 37.0118 109,608 D Class A Common Stock 09/24/2012 S 400 D $ 37.015 109,208 D Class A Common Stock 09/24/2012 S 1,868 D $ 37.02 107,340 D Class A Common Stock 09/24/2012 S 100 D $ 37.0218 107,240 D Class A Common Stock 09/24/2012 S 200 D $ 37.023 107,040 D Class A Common Stock 09/24/2012 S 1,400 D $ 37.03 105,640 D Class A Common Stock 09/24/2012 S 200 D $ 37.0314 105,440 D Class A Common Stock 09/24/2012 S 1,603 D $ 37.04 103,837 D Class A Common Stock 09/24/2012 S 100 D $ 37.0419 103,737 D Class A Common Stock 09/24/2012 S 200 D $ 37.045 103,537 D Class A Common Stock 09/24/2012 S 5,900 D $ 37.05 97,637 D Class A Common Stock 09/24/2012 S 100 D $ 37.054 97,537 D Class A Common Stock 09/24/2012 S 800 D $ 37.055 96,737 D Class A Common Stock 09/24/2012 S 1,746 D $ 37.06 94,991 D Class A Common Stock 09/24/2012 S 400 D $ 37.065 94,591 D Class A Common Stock 09/24/2012 S 100 D $ 37.066 94,491 D Class A Common Stock 09/24/2012 S 1,833 D $ 37.07 92,658 D Class A Common Stock 09/24/2012 S 1,100 D $ 37.08 91,558 D Class A Common Stock 09/24/2012 S 100 D $ 37.084 91,458 D Class A Common Stock 09/24/2012 S 400 D $ 37.085 91,058 D Class A Common Stock 09/24/2012 S 2,200 D $ 37.09 88,858 D Class A Common Stock 09/24/2012 S 100 D $ 37.095 88,758 D Class A Common Stock 253,476 I By Trust ( 1 )

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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 7. Title and Amount of Underlying Securities (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

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Reilly Wendell C/O LAMAR ADVERTISING COMPANY 5321 CORPORATE BOULEVARD BATON ROUGE, LA70808 X Signatures /s/ James McIlwain, as attorney-in-fact 09/25/2012 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Shares held by the Wendell Reilly Family Irrevocable Trust (the "Trust"), of which the Reporting Person is the trustee and of which the Reporting Person's three children are beneficiaries.

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.
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