Henderson Christopher J 4

4 · SALEM MEDIA GROUP, INC. /DE/ · Filed Oct 14, 2021

Form 4

Period: 2021-09-30

Vice President & Secretary

Transactions

Exercise/Conversion
Class A Commmon Stock
2021-09-30$2.74/sh+3,100$8,494→ 18,601 total
Sale
Class A Commmon Stock
2021-10-01$4.13/sh−51,650$213,490→ 15,501 total
Sale
Class A Commmon Stock
2021-09-30$3.78/sh−3,100$11,715→ 15,501 total
Exercise/Conversion
Class A Commmon Stock
2021-10-01$2.74/sh+32,900$90,146→ 48,401 total
Exercise/Conversion
Class A Commmon Stock
2021-10-01$1.34/sh+18,750$25,125→ 67,151 total
Exercise/Conversion
Stock Option (right to buy)
2021-09-30−3,100→ 32,900 total
Exercise: $2.74From: 2015-03-07Exp: 2021-03-07→ Class A Common Stock (3,100 underlying)
Exercise/Conversion
Stock Option (right to buy)
2021-10-01−32,900→ 0 total
Exercise: $2.74From: 2015-03-07Exp: 2021-03-07→ Class A Common Stock (32,900 underlying)
Exercise/Conversion
Stock Options (Right to buy)
2021-10-01−18,750→ 56,250 total
Exercise: $1.34From: 2021-03-03Exp: 2026-03-03→ Common Stock (18,750 underlying)

Footnotes (3)

[F1]This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 18, 2021.
[F2]This transaction was executed in multiple trades at prices ranging from $3.75 to $3.835. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
[F3]This transaction was executed in multiple trades at prices ranging from $3.76 to $4.60. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

Documents

1 file