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SEC FORM 4 SEC Form 4
FORM 4 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
or Section 30(h) of the Investment Company Act of 1940 		 
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Reilly Wendell
(Last) (First) (Middle)
C/O LAMAR ADVERTISING COMPANY
5551 CORPORATE BOULEVARD
(Street)
BATON ROUGE LA 70808
(City) (State) (Zip)
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)
3. Date of Earliest Transaction (Month/Day/Year)
09/29/2005
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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 09/29/2005 S 1,800 D $43.96 116,038 D
Class A Common Stock 09/29/2005 S 11,022 D $43.97 105,016 D
Class A Common Stock 09/29/2005 S 6,400 D $43.98 98,616 D
Class A Common Stock 09/29/2005 S 3,362 D $43.99 95,254 D
Class A Common Stock 09/29/2005 S 18,763 D $44 76,491 D
Class A Common Stock 09/29/2005 S 663 D $44.05 75,828 D
Class A Common Stock 09/29/2005 S 550 D $44.06 75,278 D
Class A Common Stock 09/29/2005 S 1,100 D $44.07 74,178 D
Class A Common Stock 09/29/2005 S 69 D $44.08 74,109 D
Class A Common Stock 09/29/2005 S 1,364 D $44.09 72,745 D
Class A Common Stock 09/29/2005 S 200 D $44.1 72,545 D
Class A Common Stock 09/29/2005 S 350 D $44.11 72,195 D
Class A Common Stock 09/29/2005 S 3,947 D $44.12 68,248 D
Class A Common Stock 09/29/2005 S 300 D $44.14 67,948 D
Class A Common Stock 09/29/2005 S 110 D $44.15 67,838 D
Class A Common Stock 09/29/2005 S 100 D $44.68 67,738 D
Class A Common Stock 09/29/2005 S 400 D $44.71 67,338 D
Class A Common Stock 09/29/2005 S 1,972 D $44.72 65,366 D
Class A Common Stock 09/29/2005 S 414 D $44.73 64,952 D
Class A Common Stock 09/29/2005 S 63 D $44.74 64,889 D
Class A Common Stock 09/29/2005 S 1,411 D $44.84 63,478 D
Class A Common Stock 09/29/2005 S 4,740 D $44.85 58,738 D
Class A Common Stock 09/29/2005 S 800 D $44.86 57,938 D
Class A Common Stock 09/29/2005 S 100 D $44.88 57,838 D
Class A Common Stock 224,171 I By Trust(1)
Class A Common Stock 210,375 I By Partnership(2)
Class A Common Stock 548,138 I By Limited Partnership(3)
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 (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 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 (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (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: 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
Explanation of Responses:
1. Shares held by the Wendell Reilly Family Irrevocable Trust, of which the Reporting Person is the trustee and of which the Reporting Person's three children who reside in his household are the beneficiaries.
2. Shares held by Lamar Legacy, L.P., the limited partners of which are the Reporting Person's three children who reside in his household and the general partner of which is Lamar Legacy Management, LLC, a single-member limited liability company, the sole member of which is the Reporting Person's spouse.
3. Shares held by the Reilly Family Limited Partnership ("RFLP"), of which the Reporting Person is a General Partner and of which Kevin P. Reilly, Jr., the President and Chief Executive Officer of Lamar Advertising Company and a sibling of the Reporting Person, is the Managing General Partner. The other General Partners of the RFLP are also siblings of the Reporting Person. The Managing General Partner has sole voting power over the shares, but disposition of the shares requires the approval of 50% of the general partnership interests of the RFLP. The Reporting Person disclaims beneficial ownership of shares held by the RFLP except to the extent of his pecuniary interest therein.
Remarks:
James McIlwain, as attorney-in-fact for Wendell Reilly 09/30/2005
** Signature of Reporting Person Date
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.
POWER OF ATTORNEY

For Executing Forms 3, 4, and 5

Know all by these presents, that the
undersigned hereby constitutes and appoints
each of Kevin P. Reilly, Jr., Keith A. Istre,
James R. McIlwain, Esq., and George Ticknor,
Esq., or any of them signing singly, and with
full power of substitution, the undersigned's
true and lawful attorney-in-fact to:

(1)	prepare, execute in the undersigned's
name and on the undersigned's behalf, and
submit to the U.S. Securities and Exchange
Commission (the "SEC") a Form ID, including
amendments thereto, authentication documents,
and any other documents necessary or
appropriate to obtain codes and passwords
enabling the undersigned to make electronic
filings with the SEC of reports required by
Section 16(a) of the Securities Exchange Act
of 1934 or any rule or regulation of the SEC;

(2)	execute for and on behalf of the
undersigned, in the undersigned's capacity as
a director and/or executive officer and/or ten
percent stockholder of Lamar Advertising
Company (the "Company"), Forms 3, 4, and 5
in accordance with Section 16(a) of the
Securities Exchange Act of 1934 and the
rules thereunder;

(3)	do and perform any and all acts for and
on behalf of the undersigned which may be
necessary or desirable to complete and
execute any such Form 3, 4, or 5, complete
and execute any amendment or amendments
thereto, and timely file such form with
the SEC and any stock exchange or similar
authority; and

(4)	take any other action of any type
whatsoever in connection with the foregoing
which, in the opinion of such attorney-in-
fact, may be of benefit to, in the best
interest of, or legally required by, the
undersigned, it being understood that the
documents executed by such attorney-in-fact
on behalf of the undersigned pursuant to
this Power of Attorney shall be in such form
and shall contain such terms and conditions
as such attorney-in-fact may approve in
such attorney-in-fact's discretion.

The undersigned hereby grants to each such
attorney-in-fact full power and authority to
do and perform any and every act and thing
whatsoever requisite, necessary, or proper to
be done in the exercise of any of the rights
and powers herein granted, as fully to all
intents and purposes as the undersigned might
or could do if personally present, with full
power of substitution or revocation, hereby
ratifying and confirming all that such
attorney-in-fact, or such attorney-in-fact's
substitute or substitutes, shall lawfully do
or cause to be done by virtue of this power
of attorney and the rights and powers herein
granted.  The undersigned acknowledges that
the foregoing attorneys-in-fact, in serving
in such capacity at the request of the
undersigned, are not assuming, nor is the
Company assuming, any of the undersigned's
responsibilities to comply with Section 16 of
the Securities Exchange Act of 1934.

This Power of Attorney shall remain in full
force and effect until the undersigned is no
longer required to file Forms 3, 4, and 5
with respect to the undersigned's holdings of
and transactions in securities issued by the
Company, unless earlier revoked by the
undersigned in a signed writing delivered to
the foregoing attorneys-in-fact.

IN WITNESS WHEREOF, the undersigned has
caused this Power of Attorney to be executed
as of this 19th day of May, 2005.

/s/ Wendell Reilly
Wendell Reilly