Santrella David P's Form 4 filing
Salem Media Group, Inc. (SALM) · filed Nov 10, 2021
- Accession no.
- 0001562180-21-006986
- Filed
- Nov 10, 2021
- Trade date
- Nov 8-9, 2021
- Filing delay
- 2 days
- Rule 10b5-1 plan
- Not on the form (before 2023)
This filing lists 5 non-derivative transactions and 3 derivative transactions. Open-market sales total $283.9K. It was filed 2 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Santrella David PCIK 0001486468 | Officer (President - Broadcast Media) |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Nov 8, 2021 | Class A Common Stock | MOption exerciseAcquired | +40,000 | $2.74 | +$109,600 | 75,851 | Direct | |
| Nov 8, 2021 | Class A Common Stock | SSaleDisposed | −40,000 | $4.06F1 | −$162,400 | 35,851 | Direct | |
| Nov 9, 2021 | Class A Common Stock | MOption exerciseAcquired | +5,000 | $1.47 | +$7,350 | 40,851 | Direct | |
| Nov 9, 2021 | Class A Common Stock | MOption exerciseAcquired | +25,000 | $1.34 | +$33,500 | 65,851 | Direct | |
| Nov 9, 2021 | Class A Common Stock | SSaleDisposed | −30,000 | $4.05F2 | −$121,500 | 35,851 | Direct |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Nov 8, 2021 | Class A Common Stock | MOption exerciseDisposed | −40,000 | $0.00 | $0 | 0 | Direct | |
| Nov 9, 2021 | Class A Common Stock | MOption exerciseDisposed | −5,000 | $0.00 | $0 | 95,000 | Direct | |
| Nov 9, 2021 | Common Stock | MOption exerciseDisposed | −25,000 | $0.00 | $0 | 75,000 | Direct |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
This transaction is exempt under Rule 16b-3 and was executed in multiple trades at prices ranging from $3.98 to $4.14. 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.
Referenced by the price of 1 transaction in Table I.
- F2
This transaction is exempt under Rule 16b-3 and was executed in multiple trades at prices ranging from $4.00 to $4.20. 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.
Referenced by the price of 1 transaction in Table I.