SALEM COMMUNICATIONS CORP /DE/ 4
4 · SALEM COMMUNICATIONS CORP /DE/ · Filed Jun 26, 2007
Insider Transaction Report
Form 4
DAVIS JOE D
President - Radio Division
Transactions
- Award
Stock Option (right to buy)
2007-06-25+10,000→ 10,000 totalExercise: $11.24From: 2008-06-25Exp: 2016-06-25→ Class A Common Stock (10,000 underlying)
Footnotes (2)
- [F1]The option vests annually in four (4) equal installments, commencing June 25, 2008.
- [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 June 25, 2016.