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"Insiders might sell their shares for any number of reasons, but they buy them for only one:
they think the price will rise" - Peter Lynch ==>> What is insider trading>> |

| Transaction & Date | Reported Date |
Company | Symbol | Insider Relationship |
Shares Traded | Average Price | Total Amount |
Shares Ownership |
Filing |
| 2008-03-18 Option Award |
2008-03-20 1:03 pm | SALEM COMMUNICATIONS CORP | SALM | RIDDLE RICHARD A (Director) | 34,792 | $3.301 | $114,859 | 51,891 (Direct) | View |
| 2008-03-17 Option Award |
2008-03-19 4:41 pm | SALEM COMMUNICATIONS CORP | SALM | RIDDLE RICHARD A (Director) | 5,210 | $3.237 | $16,866 | 17,099 (Direct) |
View |
| 2007-09-05 Option Award |
2007-09-07 7:08 pm |
SALEM COMMUNICATIONS CORP | SALM | RIDDLE RICHARD A (Director) | 1,000 | $0 | $0 | 11,889 (Direct) |
View |
| 2006-09-06 Option Award |
2006-09-08 12:18 pm | SALEM COMMUNICATIONS CORP | SALM | RIDDLE RICHARD A (Director) | 1,000 | $0 | $0 | 10,889 (Direct) |
View |
| 2005-10-13 Option Award | 2005-10-17 6:53 pm |
SALEM COMMUNICATIONS CORP | SALM | RIDDLE RICHARD A (Director) | 1,000 | $0 | $0 | 9,889 (Direct) | View |
| Transaction & Date | Reported Date |
Exercisable Expiration | Company | Symbol | Insider Relationship |
Shares Traded | Conversion Price |
Shares Ownership | Filing |
| 2007-09-05 Option Award | 2007-09-07 7:08 pm |
2007-09-05 2012-09-05 | SALEM COMMUNICATIONS CORP | SALM | RIDDLE RICHARD A (Director) | 1,000 | $10.15 | 1,000 (Direct) | View |
| 2006-09-06 Option Award | 2006-09-08 12:18 pm | 2006-09-06 2011-09-06 | SALEM COMMUNICATIONS CORP | SALM | RIDDLE RICHARD A (Director) | 1,000 | $11.15 | 1,000 (Direct) | View |
| 2005-09-07 Option Award | 2005-09-08 8:00 pm | 2005-09-07 2010-09-07 |
SALEM COMMUNICATIONS CORP | SALM | RIDDLE RICHARD A (Director) | 1,000 | $19.11 | 1,000 (Direct) |
View |
| 2004-09-08 Option Award | 2004-09-09 7:18 pm | 2004-09-08 2009-09-08 | SALEM COMMUNICATIONS CORP | SALM | RIDDLE RICHARD A (Director) | 2,500 | $25.5 | 2,500 (Direct) |
View |
| 2003-09-11 Option Award | 2003-09-12 3:08 pm | 2004-09-11 2009-09-11 |
SALEM COMMUNICATIONS CORP | SALM | RIDDLE RICHARD A (Director) | 2,500 | $23.35 | 2,500 (Direct) |
View |
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