SEC Form 4 · accession 0001486468-16-000004
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 12, 2016
Accepted (ET)
Jul 12, 2016 · 6:21 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 12, 2016 | M | 827 | $2.74 | A | 7,547 | D | |
| Class A Common StockF1 | Jul 12, 2016 | S | 827 | $8.03 | 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 12, 2016 | M | 700 | D | Mar 7, 2015 | Mar 7, 2020 | Class A Common Stock | 700 | 0 | D |
| Stock Option (right to buy) | $2.74 | Jul 12, 2016 | M | 127 | D | Mar 7, 2016 | Mar 7, 2021 | Class A Common Stock | 127 | 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.