SEC Form 4 · accession 0001486468-16-000003
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 8, 2016
Accepted (ET)
Jul 11, 2016 · 7:22 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 8, 2016 | M | 29,108 | $2.74 | A | 35,828 | D | |
| Class A Common StockF1,F2 | Jul 8, 2016 | S | 29,108 | $8.01 | D | 6,720 | D | |
| Class A Common StockF1 | Jul 11, 2016 | M | 10,065 | $2.74 | A | 16,785 | D | |
| Class A Common StockF1 | Jul 11, 2016 | S | 10,065 | $8.00 | 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) | $2.74 | Jul 8, 2016 | M | 14,802 | D | Mar 7, 2013 | Mar 7, 2020 | Class A Common Stock | 14,802 | 5,198 | D |
| Stock Option (right to buy) | $2.74 | Jul 8, 2016 | M | 14,306 | D | Mar 7, 2014 | Mar 7, 2021 | Class A Common Stock | 14,306 | 5,694 | D |
| Stock Option (right to buy) | $2.74 | Jul 11, 2016 | M | 4,498 | D | Mar 7, 2013 | Mar 7, 2020 | Class A Common Stock | 4,498 | 700 | D |
| Stock Option (right to buy) | $2.74 | Jul 11, 2016 | M | 5,567 | D | Mar 7, 2014 | Mar 7, 2021 | Class A Common Stock | 5,567 | 127 | 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.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.00 to $8.09, inclusive. The reporting person undertakes to provide to Salem Media Group, Inc., any security holder of Salem Media Group, Inc., or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.