Edgar Filing: SAIC, Inc.

Ownership Submission

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

Â CRAVER JOSEPH W III

2. Date of Event Requiring Statement (Month/Day/Year)
06/08/2007

3. Issuer Name and Ticker or Trading Symbol
SAIC, Inc. [SAI]

(Last)

(First)

(Middle)

10260 CAMPUS POINT DRIVE

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

_____ Director	_____ 10% Owner
__X__ Officer (give title below)	_____ Other (specify below)
GROUP PRESIDENT

5. If Amendment, Date Original Filed(Month/Day/Year)

(Street)

SAN DIEGO,Â CAÂ 92121

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 Beneficially Owned

1.Title of Security
(Instr. 4)

2. Amount of Securities Beneficially Owned
(Instr. 4)

3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)

4. Nature of Indirect Beneficial Ownership
(Instr. 5)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security		6. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A Preferred Stock	Â ⁽¹⁾	Â ⁽²⁾	Common Stock	131,213.0874	$ ⁽¹⁾	D	Â
Class A Preferred Stock	Â ⁽¹⁾	Â ⁽²⁾	Common Stock	1,957.674	$ ⁽¹⁾	I	By SAIC Retirement Plan
Stock Option (Right to Buy)	03/25/2004⁽³⁾	03/24/2008	Class A Preferred Stock ⁽¹⁾	23,999	$ 9.5333	D	Â
Stock Option (Right to Buy)	03/31/2005⁽³⁾	03/30/2009	Class A Preferred Stock ⁽¹⁾	44,999	$ 12.1733	D	Â
Stock Option (Right to Buy)	03/31/2006⁽³⁾	03/30/2010	Class A Preferred Stock ⁽¹⁾	59,997	$ 13.5166	D	Â
Stock Option (Right to Buy)	03/21/2007⁽³⁾	03/20/2011	Class A Preferred Stock ⁽¹⁾	45,000	$ 14.64	D	Â
Stock Option (Right to Buy)	03/29/2008⁽³⁾	03/28/2012	Common Stock	50,000	$ 17.61	D	Â

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
CRAVER JOSEPH W III 10260 CAMPUS POINT DRIVE SAN DIEGO,Â CAÂ 92121	Â	Â	Â GROUP PRESIDENT	Â

Signatures

/s/ CRAVER III, JOSEPH W.		06/08/2007
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(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).
(1)	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.
(2)	Class A Preferred Stock has no expiration date.
(3)	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.

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