DAVIS JOE D 4
4 · SALEM COMMUNICATIONS CORP /DE/ · Filed Mar 10, 2010
Insider Transaction Report
Form 4
DAVIS JOE D
President - Radio Division
Transactions
- Award
Stock Option (right to buy)
2010-03-08+2,500→ 2,500 totalExercise: $5.20From: 2011-03-08Exp: 2019-03-08→ Class A Common Stock (2,500 underlying)
Footnotes (2)
- [F1]The option vests annually in four (4) equal installments, commencing March 8, 2011.
- [F2]Each annual installment of the option expires on the fifth (5th) anniversary of the vesting date. The last installment to vest will expire on March 8, 2019.