An analytical solution (in quadratures) to the problem of propagation of quasi-monochromatic optical signal in a semiconductor amplifier under harmonic modulation of its pump current is obtained for the first time. It is shown that the modulation of the output radiation has amplitude and phase features. The relation is found between the coefficients of the amplitude and phase modulation with the effect of gain saturation taken into account. Adequacy of the results obtained is confirmed experimentally.