SEC Form 4 · accession 0001106066-18-000013
SALEM MEDIA GROUP, INC. /DE/ · SALM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David P Santrella
Officer — President - Broadcast Media
Period of report
May 9, 2018
Accepted (ET)
May 11, 2018 · 2:24 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001050606
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (right to buy)F1,F2 | $3.25 | May 9, 2018 | A | 40,000 | A | May 9, 2019 | May 9, 2027 | Class A Common Stock | 40,000 | 40,000 | D |
Explanation of responses
- F1The options vest annually in four (4) equal installments commencing May 9, 2019.
- F2Each annual installment of the option expires on the fifth (5th) anniversary of the vest date. The last installment to vest will expire on May 9, 2027.