Sec Form 4 Filing - REILLY KEVIN P JR @ LAMAR ADVERTISING CO/NEW - 2020-12-22

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 KEVIN P JR 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 X __ 10% Owner X __ Officer (give title below) _____ Other (specify below) Executive Chairman (Last) (First) (Middle) C/O LAMAR ADVERTISING COMPANY, 5321 CORPORATE BOULEVARD 3. Date of Earliest Transaction (MM/DD/YY) 12/22/2020 (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

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 Class B Common Stock ( 1 ) 12/22/2020 G V 1,796,039 ( 1 ) ( 1 ) Class A Common Stock 1,796,039 $ 0 0 D ( 2 ) Class B Common Stock ( 1 ) 12/22/2020 G V 1,796,039 ( 1 ) ( 1 ) Class A Common Stock 1,796,039 $ 0 1,796,039 I ( 2 ) By LLC Class B Common Stock ( 1 ) ( 1 ) ( 1 ) Class A Common Stock 9,000,000 9,000,000 I ( 3 ) By LLC Class B Common Stock ( 1 ) ( 1 ) ( 1 ) Class A Common Stock 566,211 566,211 I ( 4 ) By LLC

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other REILLY KEVIN P JR C/O LAMAR ADVERTISING COMPANY 5321 CORPORATE BOULEVARD BATON ROUGE, LA70808 X X Executive Chairman Signatures /s/ James McIlwain, as attorney-in-fact 02/16/2021 Signature of Reporting Person Date

Explanation of Responses:

( 1 )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. ( 2 )Shares held by Grand Pass, L.L.C. ("Grand Pass") of which the reporting person is the sole manager. The manager has sole voting and dispositive power over the shares held by Grand Pass. The reporting person gifted shares held by him individually to Grand Pass. ( 3 )Shares held by the Reilly Family, LLC (the "RFLLC"), of which the reporting person is the executive manager. The reporting person's three siblings are the other managers of the RFLLC. The executive manager has sole voting power over the shares held by the RFLLC, but dispositions of the shares require the approval of managers representing 75% of the limited liability company interests of the RFLLC. ( 4 )Shares held by Ninemile, L.L.C., of which the reporting person is the managing member.

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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