Christopher J. Henderson - Sep 30, 2021 Form 4 Insider Report for SALEM MEDIA GROUP, INC. /DE/ (SALM)

Role
EVP, General Counsel & Secy
Signature
/s/Christopher J. Henderson
Stock symbol
SALM
Transactions as of
Sep 30, 2021
Transactions value $
-$101,440
Form type
4
Date filed
10/14/2021, 09:03 PM
Previous filing
Jul 6, 2021
Next filing
Oct 25, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SALM Class A Commmon Stock Options Exercise $8.49K +3.1K +20% $2.74 18.6K Sep 30, 2021 Direct
transaction SALM Class A Commmon Stock Sale -$11.7K -3.1K -16.67% $3.78* 15.5K Sep 30, 2021 Direct F1, F2
transaction SALM Class A Commmon Stock Options Exercise $90.1K +32.9K +212.24% $2.74 48.4K Oct 1, 2021 Direct
transaction SALM Class A Commmon Stock Options Exercise $25.1K +18.8K +38.74% $1.34 67.2K Oct 1, 2021 Direct
transaction SALM Class A Commmon Stock Sale -$213K -51.7K -76.92% $4.13* 15.5K Oct 1, 2021 Direct F1, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SALM Stock Option (right to buy) Options Exercise $0 -3.1K -8.61% $0.00 32.9K Sep 30, 2021 Class A Common Stock 3.1K $2.74 Direct
transaction SALM Stock Option (right to buy) Options Exercise $0 -32.9K -100% $0.00* 0 Oct 1, 2021 Class A Common Stock 32.9K $2.74 Direct
transaction SALM Stock Options (Right to buy) Options Exercise $0 -18.8K -25% $0.00 56.3K Oct 1, 2021 Common Stock 18.8K $1.34 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 18, 2021.
F2 This transaction was executed in multiple trades at prices ranging from $3.75 to $3.835. 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.
F3 This transaction was executed in multiple trades at prices ranging from $3.76 to $4.60. 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.