SEC Form 4 · accession 0001106066-17-000009
SALEM MEDIA GROUP, INC. /DE/ · SALM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Edward G Atsinger III
Officer — Chief Executive Officer · Director · 10% Owner
Period of report
Jun 2, 2017
Accepted (ET)
Jun 6, 2017 · 4:17 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001050606
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1 | Jun 2, 2017 | M | 3,001 | $4.85 | A | 45,555 | D | |
| Class A Common StockF1 | Jun 2, 2017 | S | 3,001 | $7.15 | D | 42,554 | D | |
| Class A Common StockF2 | holding | — | — | — | 3,211,502 | I | By Atsinger Family Trust | |
| Class A Common StockF3 | holding | — | — | — | 1,090,078 | I | By Ted Atsinger Irrevocable Trust | |
| Class A Common StockF4 | holding | — | — | — | 25,000 | I | By Atsinger 1999 Charitable Remainder Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy) | $4.85 | Jun 2, 2017 | M | 3,001 | D | Mar 8, 2017 | Mar 8, 2022 | Class A Common Stock | 3,001 | 16,520 | D |
Explanation of responses
- F1This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 31, 2017.
- F2By Edward G. Atsinger III, as Trustee of the Atsinger Family Trust.
- F3By Edward G. Atsinger III, as Trustee of the Ted Atsinger Irrevocable Trust for all purposes other than voting matters.
- F4By Edward G. Atsinger III, as Trustee of the Atsinger 1999 Charitable Remainder Trust.