ATSINGER EDWARD G III 4
4 · SALEM MEDIA GROUP, INC. /DE/ · Filed Mar 22, 2023
Insider Transaction Report
Form 4
ATSINGER EDWARD G III
DirectorChief Executive Officer10% Owner
Transactions
- Award
Stock Options (Right to buy)
2023-03-14+200,000→ 200,000 totalExercise: $1.06→ Class A Common Stock (200,000 underlying)
Footnotes (2)
- [F1]The option was granted under the Issuer's Amended and Restated 1999 Stock Incentive Plan in a transaction exempt under Rule 16(b)-3. The options shall vest as follows: 66,667 shares shall vest on March 15, 2026, 66,667 shares shall vest on March 15, 2027, and 66,666 shares shall vest on March 15, 2028.
- [F2]The options shall expire as follows: The first installment of 66,667 shares will expire on March 15, 2031, the second installment of 66,666 shares will expire on March 15, 2032, and the last installment of 66,666 shares will expire on March 15, 2033.