SALEM MEDIA GROUP INC

Ticker: SALM CUSIP: 794093104 Class: COM

Ameritas Investment Partners, Inc.'s Holding History (CIK: 0001055980)

Note: Option positions (PUT/CALL) are excluded.

Q1 2018

Shares 861 Value ($000) $3 Avg Close $4.29 Range $3.55 - $4.80

Q4 2017

Shares 861 Value ($000) $4 Avg Close $5.36 Range $3.90 - $6.75

Q3 2017

Shares 861 Value ($000) $5 Avg Close $6.65 Range $5.95 - $7.45

Q2 2017

Shares 861 Value ($000) $6 Avg Close $7.25 Range $6.60 - $8.25

Q1 2017

Shares 861 Value ($000) $6 Avg Close $6.82 Range $6.00 - $7.75

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2018	861	$3	$4.29	$3.55 - $4.80
Q4 2017	861	$4	$5.36	$3.90 - $6.75
Q3 2017	861	$5	$6.65	$5.95 - $7.45
Q2 2017	861	$6	$7.25	$6.60 - $8.25
Q1 2017	861	$6	$6.82	$6.00 - $7.75