SEC Form 5 · accession 0001190973-16-000005
SALEM MEDIA GROUP, INC. /DE/ · SALM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stuart W Epperson
Officer — Chairman of the Board · Director · 10% Owner
Period of report
Dec 31, 2015
Accepted (ET)
Feb 9, 2016 · 2:40 pm EST
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,F2 | Dec 29, 2015 | G | 93,500 | — | D | 2,651,054 | D | |
| Class A Common StockF3 | holding | — | — | — | 1,012,520 | I | By Children's Trusts |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Stuart W. Epperson gifted Five Thousand Five Hundred (5,500) shares of Class A Common Stock to a custodial account for each of seventeen (17) grandchildren, for a total gift of Ninety-Three Thousand Five Hundred (93,500) shares. Stuart W. Epperson has not retained any voting or dispositive power over such gifted shares.
- F2Stuart W. Epperson and Nancy A. Epperson, as Joint Tenants.
- F3Stuart W. Epperson as Trustee of each of the four (4) Epperson Children's Trusts for all purposes other than voting matters.