RIDDLE RICHARD A 4
4 · SALEM COMMUNICATIONS CORP /DE/ · Filed Mar 13, 2013
Insider Transaction Report
Form 4
RIDDLE RICHARD A
Director
Transactions
- Award
Stock Option (right to buy)
2013-03-11+10,000→ 10,000 totalExercise: $6.92From: 2014-03-11Exp: 2022-03-11→ Class A Common Stock (10,000 underlying)
Footnotes (2)
- [F1]The option vests annually in four (4) equal installments, commencing on March 11, 2014.
- [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 11, 2022.