Henderson Christopher J 4
4 · SALEM MEDIA GROUP, INC. /DE/ · Filed Oct 25, 2021
Insider Transaction Report
Form 4
Henderson Christopher J
Vice President & Secretary
Transactions
- Sale
Class A Commmon Stock
2021-10-22$5.61/sh−6,250$35,052→ 15,501 total - Exercise/Conversion
Stock Options (right to buy)
2021-10-22−6,250→ 18,750 totalExercise: $4.85From: 2017-03-08Exp: 2025-03-08→ Class A Common Stock (6,250 underlying) - Exercise/Conversion
Class A Commmon Stock
2021-10-22$4.85/sh+6,250$30,312→ 21,751 total
Footnotes (4)
- [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 $5.50 to $6.00. 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]The options vest annually in four (4) equal installments commencing March 8, 2017.
- [F4]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, 2025.