SEC Form 4 · accession 0001181431-15-008016
SALEM MEDIA GROUP, INC. /DE/ · SALM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Roland S Hinz
Director
Period of report
Mar 27, 2015
Accepted (ET)
Jun 9, 2015 · 1:59 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 | Mar 27, 2015 | A | 2,000 | $0.00 | A | 20,339 | D | |
| Class A Common Stock | holding | — | — | — | 900 | I | By Hinz Family Charitable Foundation | |
| Class A Common Stock | holding | — | — | — | 1,411 | I | By Wife |
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) | $6.08 | Mar 27, 2015 | A | 2,000 | A | Mar 27, 2015 | Mar 27, 2020 | Class A Common Stock | 2,000 | 2,000 | D |
| Stock Option (right to buy)F2,F3 | $6.92 | holding | — | — | — | Mar 11, 2014 | Mar 11, 2022 | Class A Common Stock | 10,000 | 10,000 | D |
| Stock Option (right to buy)F4,F5 | $2.74 | holding | — | — | — | Mar 7, 2013 | Mar 7, 2021 | Class A Common Stock | 10,000 | 10,000 | D |
Explanation of responses
- F1Restricted stock grant.
- F2The option vests annually in four (4) equal installments commencing March 11, 2014.
- F3Each annual installment of the option expires on the fifth (5th) anniversary of the vesting date. Th last installment to vest will expire on March 11, 2022.
- F4The option vests annually in four (4) equal installments commencing March 7, 2013.
- F5Each annual installment of the option expires on the fifth (5th) anniversary of the vesting date. The last installment to vest will expire on March 7, 2021.