Sec Form 4 Filing - SINGLEY GEORGE T III @ SAIC, Inc. - 2007-05-08

Insider filing report for Changes in Beneficial Ownership
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
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
OMB APPROVAL
OMB Number: 3235-0287
Expires: November 30, 2011
Estimated average burden hours per response... 0.5
1. Name and Address of Reporting Person
SINGLEY GEORGE T III
2. Issuer Name and Ticker or Trading Symbol
SAIC, Inc. [ SAI]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
GROUP PRESIDENT
(Last) (First) (Middle)
1710 SAIC DRIVE
3. Date of Earliest Transaction (MM/DD/YY)
05/08/2007
(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
Common Stock 22.4688 I By SAIC Retirement Plan
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 ( 2 ) 05/08/2007 M 44,999 ( 2 ) ( 3 ) Common Stock 44,999 ( 2 ) 109,186.8519 D
Class A Preferred Stock ( 2 ) 05/08/2007 F 7,906 ( 2 ) ( 3 ) Common Stock 7,906 $ 18.95 101,280.8519 D
Class A Preferred Stock ( 2 ) 05/08/2007 S( 4 ) 22,637 ( 2 ) ( 3 ) Common Stock 22,637 $ 18.95 78,643.8519 D
Stock Option (Right to Buy) $ 9.5333 05/08/2007 M 44,999 03/25/2004( 5 ) 03/24/2008 Class A Preferred Stock ( 2 ) 44,999 ( 2 ) 0 D
Class A Preferred Stock $ 0 ( 2 ) ( 2 ) ( 3 ) Common Stock 11,200 11,200 I By Key Executive Stock Deferral Plan
Class A Preferred Stock $ 0 ( 2 ) ( 2 ) ( 3 ) Common Stock 3,034.4611 3,034.4611 ( 6 ) I By SAIC Retirement Plan
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
SINGLEY GEORGE T III
1710 SAIC DRIVE
MCLEAN, VA22102
GROUP PRESIDENT
Signatures
By: N. Walker, Attorney-in-fact 05/09/2007
Signature of Reporting Person Date
Explanation of Responses:
( 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 )Non-exempt surrender of shares to pay exercise price for option exercise.
( 5 )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.
( 6 )During the period of January 1, 2007 through March 31, 2007, the reporting person acquired 96.4611 shares of Class A Preferred Stock under the SAIC Retirement Plan. The balance is pursuant to the reporting person's most recent account statement available.

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.