Filing Details

Accession Number:
0001181431-14-023549
Form Type:
4
Zero Holdings:
No
Publication Time:
2014-06-10 18:27:01
Reporting Period:
2014-06-06
Filing Date:
2014-06-10
Accepted Time:
2014-06-10 17:27:01
SEC Url:
Form 4 Filing
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
1106066 Iii G Edward Atsinger 4880 Santa Rosa Road
Camarillo CA 93012
Chief Executive Officer Yes 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 Acquisiton 2014-06-06 8,502 $5.20 8,502 No 4 M Direct
Class A Common Stock Disposition 2014-06-06 8,502 $8.60 0 No 4 S Direct
Class A Common Stock Acquisiton 2014-06-09 65,256 $5.20 65,256 No 4 M Direct
Class A Common Stock Disposition 2014-06-09 65,256 $8.60 0 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 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 2014-06-06 8,502 $0.00 8,502 $5.20
Class A Common Stock Stock Option (right to buy) Disposition 2014-06-09 5,256 $0.00 5,256 $5.20
Class A Common Stock Stock Option (right to buy) Disposition 2014-06-09 20,000 $0.00 20,000 $5.20
Class A Common Stock Stock Option (right to buy) Disposition 2014-06-09 20,000 $0.00 20,000 $5.20
Class A Common Stock Stock Option (right to buy) Disposition 2014-06-09 20,000 $0.00 20,000 $5.20
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
5,256 2011-03-08 2016-03-08 No 4 M Direct
0 2011-03-08 2016-03-08 No 4 M Direct
0 2012-03-08 2017-03-08 No 4 M Direct
0 2013-03-08 2018-03-08 No 4 M Direct
0 2014-03-08 2019-03-08 No 4 M Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Class A Common Stock 3,211,502 Indirect By Edward G. Atsinger III Trust
Class A Common Stock 1,090,078 Indirect By Ted Atsinger Irrevocable Trust
Class A Common Stock 25,000 Indirect By Atsinger 1999 Charitable Remainder Trust
Footnotes
  1. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 30, 2014.
  2. By Edward G. Atsinger III, as Trustee of the Edward G. Atsinger III Trust.
  3. By Edward G. Atsinger III, as Trustee of the Ted Atsinger Irrevocable Trust for all purposes other than voting.
  4. By Edward G. Atsinger III, as Trustee of the Atsinger 1999 Charitable Remainder Trust.