5//SEC Filing
Epperson Stuart W. Jr. 5
Accession 0000899243-23-004971
CIK 0001050606other
Filed
Feb 13, 7:00 PM ET
Accepted
Feb 14, 3:43 PM ET
Size
6.4 KB
Accession
0000899243-23-004971
Insider Transaction Report
Form 5
Epperson Stuart W. Jr.
Director
Transactions
- Gift
Class B Common Stock
2022-05-03+2,776,848→ 2,776,848 total(indirect: By Trust)→ Class A Common Stock (2,776,848 underlying)
Footnotes (3)
- [F1]Each share of Class B Common Stock is convertible into one of share of Class A Common Stock at any time, at the holder's election and upon the occurrence of other events set forth in the Issuer's Amended and Restated Certificate of Incorporation.
- [F2]On May 3, 2022, Stuart W. Epperson transferred 2,776,848 shares of Class B Common Stock to the Epperson 2022 GST Trust for the benefit of his descendants. Stuart W. Epperson has not retained any voting or dispositive power over such gifted shares. This was a bona fide gift with no payment in consideration.
- [F3]The Epperson 2022 GST Trust is an irrevocable trust of which Stuart W. Epperson Jr. is the trustee and a beneficiary.
Documents
Issuer
SALEM MEDIA GROUP, INC. /DE/
CIK 0001050606
Entity typeother
Related Parties
1- filerCIK 0001675058
Filing Metadata
- Form type
- 5
- Filed
- Feb 13, 7:00 PM ET
- Accepted
- Feb 14, 3:43 PM ET
- Size
- 6.4 KB