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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1050606	Salem Communications Corp	SALM	Radio Broadcasting Stations (4832)	770121400

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1200366	David Evans	4880 Santa Rosa Road Camarillo CA 93012	Division President, New Media	No	Yes	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock	Disposition	2013-11-06	1,225	$8.75	5,620	No	4	S	Indirect	By Evans Family Trust
Class A Common Stock	Acquisiton	2013-11-07	6,000	$5.20	6,000	No	4	M	Direct
Class A Common Stock	Disposition	2013-11-07	6,000	$8.82	0	No	4	S	Direct
Class A Common Stock	Acquisiton	2013-11-07	6,000	$5.20	6,000	No	4	M	Direct
Class A Common Stock	Disposition	2013-11-07	6,000	$8.82	0	No	4	S	Direct
Class A Common Stock	Acquisiton	2013-11-07	6,000	$5.20	6,000	No	4	M	Direct
Class A Common Stock	Acquisiton	2013-11-07	8,750	$2.38	14,750	No	4	M	Direct
Class A Common Stock	Acquisiton	2013-11-07	8,750	$2.38	23,500	No	4	M	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	By Evans Family Trust
No	4	M	Direct
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct
No	4	M	Direct
No	4	M	Direct
No	4	M	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	Stock Option (right to buy)	Disposition	2013-11-07	6,000	$0.00	6,000	$5.20
Class A Common Stock	Stock Option (right to buy)	Disposition	2013-11-07	6,000	$0.00	6,000	$5.20
Class A Common Stock	Stock Option (right to buy)	Disposition	2013-11-07	6,000	$0.00	6,000	$5.20
Class A Common Stock	Stock Option (right to buy)	Disposition	2013-11-07	8,750	$0.00	8,750	$2.38
Class A Common Stock	Stock Option (right to buy)	Disposition	2013-11-07	8,750	$0.00	8,750	$2.38

Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
2011-03-08	2016-03-08	No	4	M	Direct
2012-03-08	2017-03-08	No	4	M	Direct
2013-03-08	2018-03-08	No	4	M	Direct
2012-09-28	2017-09-28	No	4	M	Direct
2013-09-28	2018-09-28	No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Class A Common Stock	600	Indirect	By Daughter
Class A Common Stock	0	Indirect	By Spouse

Footnotes

This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Evans Family Revocable Trust dated 10/17/2001 on May 29, 2013.
David A.R. Evans as trustee of the Evans Family Trust.
Shares held in custody for daughter, Samantha Emily Evans.
These securities are held in a joint account in the names of Pamela Evans (Mr. Evans' spouse) and Joseph Simon (Mr. Evans' father-in-law). Joseph Simon is the beneficial owner of these securities. Mr. Evans disclaims beneficial ownership of these securities, and the filing of this report is not an admission that Mr. Evans is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
On November 6, 2013, Mr. Simon sold 1,375 shares at a price of $8.50 pursuant to a 10b5-1 trading plan adopted on May 29, 2013. On November 7, 2013, Mr. Simon cancelled his existing 10b5-1 Plan and sold the remaining 1,375 shares at a price of $8.87.