SEC Form 4 · accession 0001428455-18-000002
SALEM MEDIA GROUP, INC. /DE/ · SALM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher J Henderson
Officer — SVP, General Counsel & Secy
Period of report
Mar 26, 2018
Accepted (ET)
Mar 27, 2018 · 1:44 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 | $3.70 | Mar 26, 2018 | A | 16,000 | A | Mar 26, 2019 | Mar 26, 2027 | Class A Common Stock | 16,000 | 16,000 | D |
Explanation of responses
- F1The options vest annually in four (4) equal installments commencing March 26, 2019.
- 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 26, 2027.