SEC Form 4 · accession 0001190973-16-000006
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
Mar 8, 2016
Accepted (ET)
Mar 10, 2016 · 6:01 pm EST
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 | $4.85 | Mar 8, 2016 | A | 50,000 | A | Mar 8, 2017 | Mar 8, 2025 | Class A Common Stock | 50,000 | 50,000 | D |
Explanation of responses
- F1The options vest annually in four (4) equal installments commencing March 8, 2017.
- F2Each annual installment of the option expires on the fifth (5th) anniversary of the vesting date. The last installment to vest will expire on March 8, 2025.