Filing Details
- Accession Number:
- 0001562180-21-006993
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2021-11-12 09:35:20
- Reporting Period:
- 2021-11-09
- Accepted Time:
- 2021-11-12 09:35:20
- 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 |
|---|---|---|---|---|---|---|---|
| 1231507 | D Evan Masyr | 4880 Santa Rosa Road Ste 300 Camarillo CA 93012 | Evp & Cfo | 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 | 2021-11-09 | 48,000 | $2.74 | 60,224 | No | 4 | M | Direct | |
| Class A Common Stock | Disposition | 2021-11-09 | 48,000 | $4.12 | 12,224 | No | 4 | S | Direct | |
| Class A Common Stock | Acquisiton | 2021-11-09 | 10,000 | $1.47 | 22,224 | No | 4 | M | Direct | |
| Class A Common Stock | Acquisiton | 2021-11-09 | 18,750 | $1.34 | 40,974 | No | 4 | M | Direct | |
| Class A Common Stock | Disposition | 2021-11-09 | 28,750 | $4.21 | 12,224 | 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 | 2021-11-09 | 48,000 | $0.00 | 48,000 | $2.74 |
| Common Stock | Stock Options (Right to buy) | Disposition | 2021-11-09 | 10,000 | $0.00 | 10,000 | $1.47 |
| Common Stock | Stock Options (Right to buy) | Disposition | 2021-11-09 | 18,750 | $0.00 | 18,750 | $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 |
| 40,000 | 2021-01-02 | 2030-01-02 | No | 4 | M | Direct |
| 56,250 | 2021-03-03 | 2029-03-03 | No | 4 | M | Direct |
Footnotes
- This transaction was executed in multiple trades at prices ranging from $4.02 to $4.23. 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 was executed in multiple trades at prices ranging from $4.10 to $4.24. 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.
- The option shall vest fifty percent (50%) on March 7, 2015 and fifty percent (50%) on March 7, 2016. Upon any exercise, the reporting person must hold at least fifty percent (50%) of the shares purchased in each exercise for a period of at least two (2) years.
- The option expires on the fifth (5th) anniversary of each vesting date. The first installment to vest will expire on March 7, 2020 and the last installment to vest will expire on March 7, 2022.
- 50,000 options were granted on January 2, 2020. The options vest annually in five (5) equal installments commencing January 2, 2021.
- 75,000 options were granted on March 3, 2020. The options vest annually in four (4) equal installments commencing March 3, 2021.
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