SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* WARNOCK JOHN E (Last) (First) (Middle) C/O ADOBE SYSTEMS INC 345 PARK AVENUE P O BOX 2704 (Street) SAN JOSE CA 95110-2704 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol SALON MEDIA GROUP INC [ SALN.OB ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director 10% Owner Officer (give title below) Other (specify below)
	3. Date of Earliest Transaction (Month/Day/Year) 08/29/2003
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/29/2003		P		0	A	$0	59,188	D
Series A Preferred	08/29/2003		P		0	A	$0	125	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Options to Purchase(1)	$0.14	10/24/2001		A		40,000		10/24/2002(2)	10/24/2011	Common Stock	40,000	$0.14	40,000	D
Warrant(3)	$0.2875	08/09/2001		P		1,000,000		08/09/2001	08/09/2006	Common Stock	1,000,000	$0.2875	1,000,000	D
Warrant(4)	$0.21	07/24/2002		P		99,345		07/24/2002	07/24/2005	Common Stock	99,345	$0.21	99,345	D
Warrant	$0.0575	01/26/2003		P		150,000		01/26/2003	01/26/2006	Common Stock	150,000	$0.0575	150,000	D
Warrant(4)	$0.046	03/18/2003		P		300,000		03/18/2003	03/18/2006	Common Stock	300,000	$0.046	300,000	D
Warrant(4)	$0.046	03/25/2003		P		300,000		03/25/2003	03/25/2006	Common Stock	300,000	$0.046	300,000	D
Warrant(4)	$0.046	04/10/2003		P		300,000		04/10/2003	04/10/2006	Common Stock	300,000	$0.046	300,000	D
Warrant(4)	$0.0575	04/29/2003		P		300,000		04/29/2003	04/29/2006	Common Stock	300,000	$0.0575	300,000	D
Warrant(4)	$0.0575	05/28/2003		P		900,000		05/28/2003	05/28/2006	Common Stock	900,000	$0.0575	900,000	D
Warrant(4)	$0.046	07/10/2003		P		300,000		07/10/2003	06/10/2006	Common Stock	300,000	$0.046	300,000	D
Warrant(4)	$0.0345	07/30/2003		P		300,000		07/30/2003	07/30/2006	Common Stock	300,000	$0.0345	300,000	D
Warrant(4)	$0.0345	08/29/2003		P		300,000		08/29/2003	08/29/2006	Common Stock	300,000	$0.0345	300,000	D

Explanation of Responses:

1. Options to Purchase granted pursuant to Salon's 1995 Stock Option Plan.

2. The option is exerciseable to the extent shares are vested. 25% of such shares vest after one year and 2.0833% vest monthly thereafter, provided that the Reporting Person continues to be employed or otherwise retained by the Issurer.

3. Granted pursuant to Securities Purchase Agreement for Series A Preferred Stock.

4. Granted pursuant to Note and Warrant Purchase Agreements.

	Conrad Lowry, attorney-in-fact	08/29/2003
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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