MASYR EVAN D - 09 Nov 2021 Form 4 Insider Report for SALEM MEDIA GROUP, INC. /DE/ (SALM)

Role
EVP & CFO
Signature
Christopher J. Henderson, as Attorney-in-Fact for MASYR EVAN D pursuant to a continuing Power of Attorney
Issuer symbol
SALM
Transactions as of
09 Nov 2021
Transactions value $
$-147,109
Form type
4
Filing time
12 Nov 2021, 08:35:20 UTC
Next filing
22 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SALM Class A Common Stock Options Exercise $131,520 +48,000 +393% $2.74 60,224 09 Nov 2021 Direct
transaction SALM Class A Common Stock Sale $-197,549 -48,000 -79.7% $4.12* 12,224 09 Nov 2021 Direct F1
transaction SALM Class A Common Stock Options Exercise $14,700 +10,000 +81.8% $1.47 22,224 09 Nov 2021 Direct
transaction SALM Class A Common Stock Options Exercise $25,125 +18,750 +84.4% $1.34 40,974 09 Nov 2021 Direct
transaction SALM Class A Common Stock Sale $-120,905 -28,750 -70.2% $4.21* 12,224 09 Nov 2021 Direct F2

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 -48,000 -100% $0.000000* 0 09 Nov 2021 Class A Common Stock 48,000 $2.74 Direct F3, F4
transaction SALM Stock Options (Right to buy) Options Exercise $0 -10,000 -20% $0.000000 40,000 09 Nov 2021 Common Stock 10,000 $1.47 Direct F5
transaction SALM Stock Options (Right to buy) Options Exercise $0 -18,750 -25% $0.000000 56,250 09 Nov 2021 Common Stock 18,750 $1.34 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 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.
F3 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.
F4 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.
F5 50,000 options were granted on January 2, 2020. The options vest annually in five (5) equal installments commencing January 2, 2021.
F6 75,000 options were granted on March 3, 2020. The options vest annually in four (4) equal installments commencing March 3, 2021.