Stuart W. Epperson - Dec 31, 2021 Form 5 Insider Report for SALEM MEDIA GROUP, INC. /DE/ (SALM)

Role
Former Chairman of the Board
Signature
/s/Christopher J. Henderson, Attorney-in-fact for Stuart W. Epperson pursuant to a continuing Power of Attorney
Stock symbol
SALM
Transactions as of
Dec 31, 2021
Transactions value $
$0
Form type
5
Date filed
2/14/2022, 06:20 PM
Next filing
Feb 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SALM Class A Common Stock Gift $0 -162K -6.99% $0.00 2.16M Nov 22, 2021 Direct F1, F2
holding SALM Class A Common Stock 35.2K Dec 31, 2021 Direct
holding SALM Class A Common Stock 1.15M Dec 31, 2021 By Children's Trust F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Stuart W. Epperson and Nancy A. Epperson gifted Nine Thousand (9,000) shares of Class A Common Stock to a custodial account for each of seventeen (17) grandchildren and one (1) great grandchild, for a total gift of One Hundred Sixty-Two Thousand (162,000)shares. Stuart W. Epperson has not retained any voting or dispositive power over such gifted shares.
F2 Stuart W. Epperson and Nancy A. Epperson, as Joint Tenants.
F3 Stuart W. Epperson as Trustee of each of the four (4) Epperson Children's Trusts for all purposes other than voting matters.