X0306 4 2021-11-09 false 0001050606 SALEM MEDIA GROUP, INC. /DE/ SALM 0001231507 MASYR EVAN D 4880 SANTA ROSA ROAD STE 300 CAMARILLO CA 93012 false true false false EVP & CFO Class A Common Stock 2021-11-09 4 M false 48000.00 2.74 A 60224.00 D Class A Common Stock 2021-11-09 4 S false 48000.00 4.1156 D 12224.00 D Class A Common Stock 2021-11-09 4 M false 10000.00 1.47 A 22224.00 D Class A Common Stock 2021-11-09 4 M false 18750.00 1.34 A 40974.00 D Class A Common Stock 2021-11-09 4 S false 28750.00 4.2054 D 12224.00 D Stock Option (right to buy) 2.74 2021-11-09 4 M false 48000.00 0.00 D 2015-03-07 2022-03-07 Class A Common Stock 48000.00 0.00 D Stock Options (Right to buy) 1.47 2021-11-09 4 M false 10000.00 0.00 D 2021-01-02 2030-01-02 Common Stock 10000.00 40000.00 D Stock Options (Right to buy) 1.34 2021-11-09 4 M false 18750.00 0.00 D 2021-03-03 2029-03-03 Common Stock 18750.00 56250.00 D This transaction was executed in multiple trades at prices ranging from $4.02 to $4.23. 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. This transaction was executed in multiple trades at prices ranging from $4.10 to $4.24. 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. The option shall vest fifty percent (50%) on March 7, 2015 and fifty percent (50%) on March 7, 2016. Upon any exercise, the reporting person must hold at least fifty percent (50%) of the shares purchased in each exercise for a period of at least two (2) years. The option expires on the fifth (5th) anniversary of each vesting date. The first installment to vest will expire on March 7, 2020 and the last installment to vest will expire on March 7, 2022. 50,000 options were granted on January 2, 2020. The options vest annually in five (5) equal installments commencing January 2, 2021. 75,000 options were granted on March 3, 2020. The options vest annually in four (4) equal installments commencing March 3, 2021. Christopher J. Henderson, as Attorney-in-Fact for MASYR EVAN D pursuant to a continuing Power of Attorney 2021-11-11