Filing Details
- Accession Number:
- 0001562180-21-006986
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2021-11-10 20:12:58
- Reporting Period:
- 2021-11-08
- Accepted Time:
- 2021-11-10 20:12:58
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1050606 | Salem Media Group Inc. | SALM | Radio Broadcasting Stations (4832) | 770121400 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1486468 | P David Santrella | 6400 N Belt Line Road Irving TX 75063 | President - Broadcast Media | No | No | 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 | Acquisiton | 2021-11-08 | 40,000 | $2.74 | 75,851 | No | 4 | M | Direct | |
| Class A Common Stock | Disposition | 2021-11-08 | 40,000 | $4.06 | 35,851 | No | 4 | S | Direct | |
| Class A Common Stock | Acquisiton | 2021-11-09 | 5,000 | $1.47 | 40,851 | No | 4 | M | Direct | |
| Class A Common Stock | Acquisiton | 2021-11-09 | 25,000 | $1.34 | 65,851 | No | 4 | M | Direct | |
| Class A Common Stock | Disposition | 2021-11-09 | 30,000 | $4.05 | 35,851 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 4 | M | Direct | |
| No | 4 | M | 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 | 2021-11-08 | 40,000 | $0.00 | 40,000 | $2.74 |
| Class A Common Stock | Stock Options (Right to buy) | Disposition | 2021-11-09 | 5,000 | $0.00 | 5,000 | $1.47 |
| Common Stock | Stock Options (Right to buy) | Disposition | 2021-11-09 | 25,000 | $0.00 | 25,000 | $1.34 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | 2015-03-07 | 2022-03-07 | No | 4 | M | Direct |
| 95,000 | 2021-01-21 | 2030-01-02 | No | 4 | M | Direct |
| 75,000 | 2021-03-03 | 2029-03-03 | No | 4 | M | Direct |
Footnotes
- This transaction is exempt under Rule 16b-3 and was executed in multiple trades at prices ranging from $3.98 to $4.14. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- This transaction is exempt under Rule 16b-3 and was executed in multiple trades at prices ranging from $4.00 to $4.20. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- This option is fully vested.
- 100,000 options were granted on January 2, 2020.The options vest annually in five (5) equal installments commencing January 2, 2021.
- 100,000 options were granted on March 3, 2020.The options vest annually in four (4) equal installments commencing March 3, 2021.
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