David B. Stephens, Director at SAGA COMMUNICATIONS INC (SGA), bought 1,500 shares at $32.78 ($49K) on 2011-05-13, disclosed to the SEC on 2011-05-20.
Open-market purchase of $49k SGA by Director. Below the thresholds we flag for high-conviction alerts (no C-suite role, rare reversal, cluster, or A-grade history).
Nothing distinguishes this filing.