SALEM COMMUNICATIONS CORP /DE/ 4
4 · SALEM COMMUNICATIONS CORP /DE/ · Filed May 20, 2005
Insider Transaction Report
Form 4
CUMBEE JIM
President, Non-Broadcast Media
Transactions
- Award
Stock Options (right to buy)
2005-05-18+2,500→ 2,500 totalExercise: $16.75From: 2006-05-18Exp: 2014-05-18→ Class A Common Stock (2,500 underlying)
Footnotes (2)
- [F1]The option vest in four installments, commencing on May 18, 2005.
- [F2]Each installment of the option expires on the fifth anniversary of the vesting date. The last installment to vest shall expire May 18, 2014.