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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)
11/29/2005
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 11/29/2005 S 1,563 D $46.07 208,812 I By Partnership(1)
Class A Common Stock 11/29/2005 S 14,262 D $46.1 194,550 I By Partnership(1)
Class A Common Stock 11/29/2005 S 19,139 D $46.12 175,411 I By Partnership(1)
Class A Common Stock 11/29/2005 S 762 D $46.13 174,649 I By Partnership(1)
Class A Common Stock 11/29/2005 S 15,000 D $46.14 159,649 I By Partnership(1)
Class A Common Stock 11/29/2005 S 69,174 D $46.15 90,475 I By Partnership(1)
Class A Common Stock 11/29/2005 S 5,998 D $46.16 84,477 I By Partnership(1)
Class A Common Stock 11/29/2005 S 89 D $46.17 84,388 I By Partnership(1)
Class A Common Stock 11/29/2005 S 604 D $46.2 83,784 I By Partnership(1)
Class A Common Stock 11/29/2005 S 100 D $46.21 83,684 I By Partnership(1)
Class A Common Stock 11/29/2005 S 300 D $46.22 83,384 I By Partnership(1)
Class A Common Stock 11/29/2005 S 154 D $46.23 83,230 I By Partnership(1)
Class A Common Stock 11/29/2005 S 10,100 D $46.25 73,130 I By Partnership(1)
Class A Common Stock 11/29/2005 S 2,625 D $46.3 70,505 I By Partnership(1)
Class A Common Stock 11/29/2005 S 2,810 D $46.4 67,695 I By Partnership(1)
Class A Common Stock 11/29/2005 S 1,366 D $46.41 66,329 I By Partnership(1)
Class A Common Stock 11/29/2005 S 2,200 D $46.42 64,129 I By Partnership(1)
Class A Common Stock 11/29/2005 S 925 D $46.43 63,204 I By Partnership(1)
Class A Common Stock 11/29/2005 S 300 D $46.44 62,904 I By Partnership(1)
Class A Common Stock 57,838 D
Class A Common Stock 224,171 I By Trust(2)
Class A Common Stock 548,138 I By RFLP(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 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.
2. 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.
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 to the extent he has no pecuniary interest therein.
Remarks:
Wendell Reilly 12/01/2005
** 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.