SEC Form 4 · accession 0001486468-16-000002
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
Jul 5, 2016
Accepted (ET)
Jul 7, 2016 · 12:41 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 | Jul 5, 2016 | M | 8,746 | $2.38 | A | 15,466 | D | |
| Class A Common StockF1 | Jul 5, 2016 | S | 8,746 | $7.52 | D | 6,720 | D | |
| Class A Common StockF1 | Jul 5, 2016 | M | 8,750 | $2.38 | A | 15,470 | D | |
| Class A Common StockF1 | Jul 5, 2016 | S | 8,750 | $7.53 | D | 6,720 | D |
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) | $2.38 | Jul 5, 2016 | M | 8,746 | D | Sep 28, 2013 | Sep 28, 2018 | Class A Common Stock | 8,746 | 0 | D |
| Stock Option (right to buy) | $2.38 | Jul 5, 2016 | M | 8,750 | D | Sep 28, 2015 | Sep 28, 2020 | Class A Common Stock | 8,750 | 0 | D |
Explanation of responses
- F1This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 31, 2016.