SALEM MEDIA GROUP INC

Ticker: SALM CUSIP: 794093104 Class: COM

Portolan Capital Management, LLC's Holding History (CIK: 0001350290)

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

Q4 2014
Shares 21,260 Value ($000) $166 Avg Close $7.67 Range $6.72 - $11.00
Q3 2014
Shares 481,672 Value ($000) $3,666 Avg Close $8.50 Range $5.04 - $9.83
Q2 2014
Shares 623,577 Value ($000) $5,899 Avg Close $8.91 Range $7.89 - $10.15
Q1 2014
Shares 623,577 Value ($000) $6,230 Avg Close $9.07 Range $8.15 - $10.34
Q4 2013
Shares 620,051 Value ($000) $5,394 Avg Close $8.68 Range $7.53 - $9.50
Q3 2013
Shares 592,665 Value ($000) $4,907 Avg Close $7.97 Range $7.20 - $8.50
Q2 2013
Shares 277,338 Value ($000) $2,077 Avg Close $8.12 Range $7.00 - $10.14