SEC Form 4 · accession 0001106066-17-000012
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
Jul 25, 2017
Accepted (ET)
Jul 27, 2017 · 8:16 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 | Jul 25, 2017 | M | 483 | $4.85 | A | 43,037 | D | |
| Class A Common StockF1 | Jul 25, 2017 | S | 483 | $7.45 | 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 | Jul 25, 2017 | M | 483 | D | Mar 8, 2017 | Mar 8, 2022 | Class A Common Stock | 483 | 2,239 | D |
Explanation of responses
- F1This transactions 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.