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Filing Details

Accession Number:: 0001181431-10-015723
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2010-03-11 12:00:00
Reporting Period:: 2010-03-09

Filing Date:: 2010-03-11
Accepted Time:: 2010-03-11 18:03:59
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
1486468	P David Santrella	4880 Santa Rosa Road Camarillo CA 93012	President - Radio Division	No	Yes	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Class A Common Stock	Acquisiton	2010-03-09	6,647	$0.56	6,647	No	4	M	Direct
Class A Common Stock	Disposition	2010-03-09	100	$5.13	6,547	No	4	S	Direct
Class A Common Stock	Disposition	2010-03-09	101	$5.18	6,446	No	4	S	Direct
Class A Common Stock	Disposition	2010-03-09	200	$5.14	6,246	No	4	S	Direct
Class A Common Stock	Disposition	2010-03-09	200	$5.20	6,046	No	4	S	Direct
Class A Common Stock	Disposition	2010-03-09	100	$5.19	5,946	No	4	S	Direct
Class A Common Stock	Disposition	2010-03-09	200	$5.25	5,746	No	4	S	Direct
Class A Common Stock	Disposition	2010-03-09	2,200	$5.15	3,546	No	4	S	Direct
Class A Common Stock	Disposition	2010-03-09	57	$5.17	3,489	No	4	S	Direct
Class A Common Stock	Disposition	2010-03-09	843	$5.12	2,646	No	4	S	Direct
Class A Common Stock	Disposition	2010-03-09	600	$5.11	2,046	No	4	S	Direct
Class A Common Stock	Disposition	2010-03-09	2,046	$5.10	0	No	4	S	Direct
Class A Common Stock	Acquisiton	2010-03-10	5,400	$0.56	5,400	No	4	M	Direct
Class A Common Stock	Disposition	2010-03-10	200	$5.10	5,200	No	4	S	Direct
Class A Common Stock	Disposition	2010-03-10	100	$5.13	5,100	No	4	S	Direct
Class A Common Stock	Disposition	2010-03-10	100	$5.12	5,000	No	4	S	Direct
Class A Common Stock	Disposition	2010-03-10	500	$5.28	4,500	No	4	S	Direct
Class A Common Stock	Disposition	2010-03-10	198	$5.32	4,302	No	4	S	Direct
Class A Common Stock	Disposition	2010-03-10	1,094	$5.29	3,208	No	4	S	Direct
Class A Common Stock	Disposition	2010-03-10	500	$5.30	2,708	No	4	S	Direct
Class A Common Stock	Disposition	2010-03-10	302	$5.33	2,406	No	4	S	Direct
Class A Common Stock	Disposition	2010-03-10	2	$5.43	2,404	No	4	S	Direct
Class A Common Stock	Disposition	2010-03-10	6	$5.41	2,398	No	4	S	Direct
Class A Common Stock	Disposition	2010-03-10	10	$5.38	2,388	No	4	S	Direct
Class A Common Stock	Disposition	2010-03-10	290	$5.31	2,098	No	4	S	Direct
Class A Common Stock	Disposition	2010-03-10	200	$5.39	1,898	No	4	S	Direct
Class A Common Stock	Disposition	2010-03-10	300	$5.40	1,598	No	4	S	Direct
Class A Common Stock	Disposition	2010-03-10	398	$5.37	1,200	No	4	S	Direct
Class A Common Stock	Disposition	2010-03-10	500	$5.36	700	No	4	S	Direct
Class A Common Stock	Disposition	2010-03-10	700	$5.34	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	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

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	Stock Option (right to buy)	Disposition	2010-03-09	6,647	$0.00	6,647	$0.56
Class A Common Stock	Stock Option (right to buy)	Disposition	2010-03-10	5,400	$0.00	5,400	$0.56

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
5,400	2010-02-24	2015-02-24	No	4	M	Direct
0	2010-02-24	2015-02-24	No	4	M	Direct