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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	President - New Business Devel	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	2010-12-03	6,586	$0.67	6,586	No	4	M	Direct
Class A Common Stock	Disposition	2010-12-03	3,500	$3.30	3,086	No	4	S	Direct
Class A Common Stock	Disposition	2010-12-03	1,000	$3.29	2,086	No	4	S	Direct
Class A Common Stock	Disposition	2010-12-03	1,300	$3.25	786	No	4	S	Direct
Class A Common Stock	Disposition	2010-12-03	786	$3.31	0	No	4	S	Direct
Class A Common Stock	Acquisiton	2010-12-03	500	$0.56	500	No	4	M	Direct
Class A Common Stock	Disposition	2010-12-03	500	$3.29	0	No	4	S	Direct
Class A Common Stock	Acquisiton	2010-12-06	7,500	$0.67	7,500	No	4	M	Direct
Class A Common Stock	Disposition	2010-12-06	7,500	$3.27	0	No	4	S	Direct
Class A Common Stock	Acquisiton	2010-12-07	5,000	$0.56	5,000	No	4	M	Direct
Class A Common Stock	Disposition	2010-12-07	2,500	$3.38	2,500	No	4	S	Direct
Class A Common Stock	Disposition	2010-12-07	2,500	$3.30	0	No	4	S	Direct
Class A Common Stock	Acquisiton	2010-12-07	1,977	$0.67	1,977	No	4	M	Direct
Class A Common Stock	Disposition	2010-12-07	844	$3.30	1,133	No	4	S	Direct
Class A Common Stock	Disposition	2010-12-07	1,133	$3.36	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	M	Direct
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct
No	4	S	Direct
No	4	M	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	2010-12-03	6,586	$0.00	6,586	$0.67
Class A Common Stock	Stock Option (right to buy)	Disposition	2010-12-03	500	$0.00	500	$0.56
Class A Common Stock	Stock Option (right to buy)	Disposition	2010-12-06	7,500	$0.00	7,500	$0.67
Class A Common Stock	Stock Option (right to buy)	Disposition	2010-12-07	5,000	$0.00	5,000	$0.56
Class A Common Stock	Stock Option (right to buy)	Disposition	2010-12-07	1,977	$0.00	1,977	$0.67

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
18,414	2010-05-04	2015-05-04	No	4	M	Direct
5,000	2010-02-24	2015-02-24	No	4	M	Direct
10,914	2010-05-04	2015-05-04	No	4	M	Direct
0	2010-02-04	2015-02-24	No	4	M	Direct
8,937	2010-05-04	2015-05-04	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	2,750	Indirect	By Spouse
Class A Common Stock	2,450	Indirect	By Evans Family Trust

Footnotes

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.
David A.R. Evans as trustee of Evans Family Trust