Sec Form 4 Filing - FOLEY DONALD H @ SAIC, Inc. - 2007-01-03

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 FOLEY DONALD H 2. Issuer Name and Ticker or Trading Symbol SAIC, Inc. [ SAI] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) EXEC VP, CHIEF ENG & TECH OFF (Last) (First) (Middle) 1710 SAIC DRIVE 3. Date of Earliest Transaction (MM/DD/YY) 01/03/2007 (Street) MCLEAN, VA22102 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 A Preferred Stock ( 1 ) ( 2 ) 01/03/2007 F 13,359 ( 2 ) ( 3 ) Common Stock 13,359 $ 17.79 29,480.1694 D Class A Preferred Stock ( 1 ) ( 2 ) 01/03/2007 M 104,856 ( 4 ) ( 2 ) ( 3 ) Common Stock 104,856 $ 0 134,336.1694 D Class A Preferred Stock ( 1 ) ( 2 ) 01/03/2007 S( 5 ) 40,041 ( 2 ) ( 3 ) Common Stock 40,041 $ 17.79 94,295.1694 D Stock Option (Right to Buy) ( 1 ) $ 10.9833 01/03/2007 M 104,856 03/27/2003( 6 ) 03/26/2007 Class A Preferred Stock ( 2 ) 104,856 $ 0 120,142 D Class A Preferred Stock ( 1 ) $ 0 ( 2 ) ( 2 ) ( 3 ) Common Stock 20,670.7468 20,670.7468 I By Key Executive Stock Deferral Plan Class A Preferred Stock ( 1 ) $ 0 ( 2 ) ( 2 ) ( 3 ) Common Stock 13,816 13,816 I By Management Stock Compensation Plan Class A Preferred Stock ( 1 ) $ 0 ( 2 ) ( 2 ) ( 3 ) Common Stock 318 318 I By SAIC Retirement Plan

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other FOLEY DONALD H 1710 SAIC DRIVE MCLEAN, VA22102 X EXEC VP, CHIEF ENG & TECH OFF Signatures By: N. Walker, Attorney-in-fact 01/05/2007 Signature of Reporting Person Date

Explanation of Responses:

( 1 )On October 16, 2006, SAIC, Inc. became the successor to Science Applications International Corporation pursuant to a merger. The merger resulted in SAIC, Inc. becoming the parent holding company of Science Applications International Corporation, but did not alter the proportionate interests of security holders. ( 2 )Class A Preferred Stock is convertible into Common Stock on a 1 for 1 basis on and after the following dates and in the proportionate amounts for each Series: 20% allocated to Series A-1 and convertible on January 11, 2007; 20% allocated to Series A-2 and convertible on April 11, 2007; 30% allocated to Series A-3 and convertible on July 10, 2007; 30% allocated to Series A-4 and convertible on October 8, 2007. ( 3 )Class A Preferred Stock has no expiration date. ( 4 )Shares acquired upon exercise of the option are allocated among four series of class A preferred stock (20% to Series A-1 preferred stock, 20% to Series A-2 preferred stock, 30% to Series A-3 preferred stock and 30% to Series A-4 preferred stock). ( 5 )Non-exempt stock for stock option exercise. ( 6 )The option is exercisable according to the following annual vesting schedule: 20% in years 1, 2 and 3, and 40% in year 4. The date exercisable set forth above is the first anniversary of the date of grant of each option and represents the date on which the option first became exercisable with respect to 20% of the underlying shares in accordance with the aforementioned vesting schedule.

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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