4//SEC Filing
SALEM COMMUNICATIONS CORP /DE/ 4
Accession 0001050606-05-000055
$SALMCIK 0001050606operating
Filed
May 19, 8:00 PM ET
Accepted
May 20, 3:55 PM ET
Size
8.4 KB
Accession
0001050606-05-000055
Insider Transaction Report
Form 4
DAVIS JOE D
President - Radio Division
Transactions
- Award
Stock Option (right to buy)
2005-05-18+3,000→ 3,000 totalExercise: $16.75From: 2006-05-18Exp: 2014-05-18→ Class A Common Stock (3,000 underlying) - Award
Stock Option (right to buy)
2005-05-18+5,000→ 5,000 totalExercise: $22.70From: 2005-05-18Exp: 2005-05-18→ Class A Common Stock (5,000 underlying)
Footnotes (3)
- [F1]The option grant was approved by a committee of Salem Communications Corporation's ("Salem") board of directors on March 9, 2005, subject to stockholder approval of the stock option plan under which the option was granted. Salem's stockholders approved the plan on May 18, 2005.
- [F2]The option vest in four installments, commencing on May 18, 2005.
- [F3]Each installment of the option expires on the fifth anniversary of the vesting date. The last installment to vest shall expire May 18, 2014.
Documents
Issuer
SALEM COMMUNICATIONS CORP /DE/
CIK 0001050606
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001050606
Filing Metadata
- Form type
- 4
- Filed
- May 19, 8:00 PM ET
- Accepted
- May 20, 3:55 PM ET
- Size
- 8.4 KB