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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
1428455	J Christopher Henderson	4880 Santa Rosa Road Camarillo CA 93012	Vice President & Secretary	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
Class A Common Stock	Acquisiton	2010-03-10	10,000	$0.56	10,000	No	4	M	Direct
Class A Common Stock	Disposition	2010-03-10	100	$5.30	9,900	No	4	S	Direct
Class A Common Stock	Disposition	2010-03-10	200	$5.28	9,700	No	4	S	Direct
Class A Common Stock	Disposition	2010-03-10	200	$5.35	9,500	No	4	S	Direct
Class A Common Stock	Disposition	2010-03-10	100	$5.50	9,400	No	4	S	Direct
Class A Common Stock	Disposition	2010-03-10	100	$5.45	9,300	No	4	S	Direct
Class A Common Stock	Disposition	2010-03-10	200	$5.41	9,100	No	4	S	Direct
Class A Common Stock	Disposition	2010-03-10	200	$5.36	8,900	No	4	S	Direct
Class A Common Stock	Disposition	2010-03-10	102	$5.39	8,798	No	4	S	Direct
Class A Common Stock	Disposition	2010-03-10	1,218	$5.38	7,580	No	4	S	Direct
Class A Common Stock	Disposition	2010-03-10	700	$5.43	6,880	No	4	S	Direct
Class A Common Stock	Disposition	2010-03-10	398	$5.32	6,482	No	4	S	Direct
Class A Common Stock	Disposition	2010-03-10	200	$5.40	6,282	No	4	S	Direct
Class A Common Stock	Disposition	2010-03-10	300	$5.34	5,982	No	4	S	Direct
Class A Common Stock	Disposition	2010-03-10	482	$5.37	5,500	No	4	S	Direct
Class A Common Stock	Disposition	2010-03-10	900	$5.33	4,600	No	4	S	Direct
Class A Common Stock	Disposition	2010-03-10	100	$5.26	4,500	No	4	S	Direct
Class A Common Stock	Disposition	2010-03-10	900	$5.31	3,600	No	4	S	Direct
Class A Common Stock	Disposition	2010-03-10	1,200	$5.29	2,400	No	4	S	Direct
Class A Common Stock	Disposition	2010-03-10	500	$5.27	1,900	No	4	S	Direct
Class A Common Stock	Disposition	2010-03-10	1,900	$5.25	0	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	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	2010-03-10	10,000	$0.00	10,000	$56.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
10,000	2010-02-24	2015-02-24	No	4	M	Direct