5//SEC Filing
EPPERSON STUART W 5
Accession 0000899243-23-004969
CIK 0001050606other
Filed
Feb 13, 7:00 PM ET
Accepted
Feb 14, 3:39 PM ET
Size
6.0 KB
Accession
0000899243-23-004969
Insider Transaction Report
Form 5
EPPERSON STUART W
DirectorChairman of the Board10% Owner
Transactions
- Gift
Class B Common Stock
2022-05-03−2,776,848→ 0 total→ Class A Common Stock (2,776,848 underlying)
Footnotes (2)
- [F1]Each share of Class B Common Stock is convertible into one of share of Class A Common Stock at any time, at the holder's election and upon the occurrence of other events set forth in the Issuer's Amended and Restated Certificate of Incorporation.
- [F2]On May 3, 2022, Stuart W. Epperson transferred 2,776,848 shares of Class B Common Stock to an irrevocable trust for the benefit of his descendants. Stuart W. Epperson has not retained any voting or dispositive power over such gifted shares. This was a bona fide gift with no payment in consideration.
Documents
Issuer
SALEM MEDIA GROUP, INC. /DE/
CIK 0001050606
Entity typeother
Related Parties
1- filerCIK 0001190973
Filing Metadata
- Form type
- 5
- Filed
- Feb 13, 7:00 PM ET
- Accepted
- Feb 14, 3:39 PM ET
- Size
- 6.0 KB