DAVIS JOE D 4
4 · SALEM COMMUNICATIONS CORP /DE/ · Filed May 6, 2009
Insider Transaction Report
Form 4
DAVIS JOE D
President - Radio Division
Transactions
- Award
Stock Option (right to buy)
2009-05-04+25,000→ 25,000 totalExercise: $0.67From: 2010-05-04Exp: 2015-05-04→ Class A Common Stock (25,000 underlying)