DAVENPORT DAVID 4
4 · SALEM COMMUNICATIONS CORP /DE/ · Filed Mar 9, 2012
Insider Transaction Report
Form 4
DAVENPORT DAVID
Director
Transactions
- Award
Stock Option (right to buy)
2012-03-07+10,000→ 10,000 totalExercise: $2.74From: 2013-03-07Exp: 2021-03-07→ Class A Common Stock (10,000 underlying)
Footnotes (2)
- [F1]The option vests annually in four (4) equal installments, commencing on March 7, 2013.
- [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 7, 2021.