Salem Media Group Inc. (SALM)

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Insider Trading: Purchases

Insider	Price	Amount	Relationship	Remaining Holdings	Date	Form 4
Epperson	$2.52	4,000	Large Shareholder, Officer, Director	2,871,822	2011-11-30	Filing
Epperson	$2.69	9,600	Large Shareholder, Officer, Director	2,867,822	2011-11-30	Filing
Weinberg	$2.58	300	Director	35,770	2011-08-23	Filing
Weinberg	$2.58	5,000	Director	35,470	2011-08-23	Filing
Weinberg	$2.50	1,250	Director	30,470	2011-08-23	Filing
Weinberg	$2.50	1,250	Director	29,220	2011-08-23	Filing
Epperson	$0.57	200	Large Shareholder, Officer, Director	2,773,222	2009-03-31	Filing
Epperson	$0.56	200	Large Shareholder, Officer, Director	2,773,022	2009-03-31	Filing
Epperson	$0.55	1,400	Large Shareholder, Officer, Director	2,772,822	2009-03-31	Filing
Epperson	$0.54	100	Large Shareholder, Officer, Director	2,771,422	2009-03-31	Filing
Epperson	$0.53	3,100	Large Shareholder, Officer, Director	2,771,322	2009-03-31	Filing
Epperson	$0.52	5,000	Large Shareholder, Officer, Director	2,768,222	2009-03-31	Filing
Epperson	$0.52	100	Large Shareholder, Officer, Director	2,763,222	2009-03-31	Filing
Epperson	$0.51	1,200	Large Shareholder, Officer, Director	2,763,122	2009-03-31	Filing
Epperson	$0.50	3,100	Large Shareholder, Officer, Director	2,761,922	2009-03-31	Filing
Epperson	$0.49	600	Large Shareholder, Officer, Director	2,758,822	2009-03-31	Filing