X0306 4 2016-05-25 0 0001050606 SALEM MEDIA GROUP, INC. /DE/ SALM 0001200366 EVANS DAVID 4880 SANTA ROSA ROAD CAMARILLO CA 93012 0 1 0 0 President - New Media Class A Common Stock 2016-05-25 4 S 0 8901 6.75 D 25000 D Class A Common Stock 2016-05-25 4 M 0 746 2.74 A 25746 D Class A Common Stock 2016-05-25 4 S 0 746 6.75 D 25000 D Class A Common Stock 2016-05-27 4 M 0 12558 2.74 A 37558 D Class A Common Stock 2016-05-27 4 M 0 36496 2.74 A 74054 D Class A Common Stock 2016-05-27 4 M 0 200 2.74 A 74254 D Class A Common Stock 2016-05-27 4 S 0 200 6.71 D 74054 D Stock Option (right to buy) 2.74 2016-05-25 4 M 0 746 0 D 2012-03-07 2021-03-07 Class A Common Stock 746 12758 D Stock Option (right to buy) 2.74 2016-05-27 4 M 0 12558 0 D 2012-03-07 2021-03-07 Class A Common Stock 12558 200 D Stock Option (right to buy) 2.74 2016-05-27 4 M 0 200 0 D 2012-03-07 2021-03-07 Class A Common Stock 200 0 D Stock Option (right to buy) 2.74 2016-05-27 4 M 0 36496 0 D 2012-03-07 2021-03-07 Class A Common Stock 36496 0 D /s/Christopher J. Henderson, Attorney-in-fact for David A.R. Evans pursuant to a continuing Power of Attorney 2016-05-27