SALEM MEDIA GROUP INC

Ticker: SALM CUSIP: 794093104 Class: COM

Evercore Wealth Management, LLC's Holding History (CIK: 0001482689)

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

Q2 2015

Shares 10,300 Value ($000) $65 Avg Close $5.42 Range $4.38 - $6.75

Q1 2015

Shares 10,300 Value ($000) $63 Avg Close $7.01 Range $5.50 - $7.97

Q4 2014

Shares 10,300 Value ($000) $81 Avg Close $7.67 Range $6.72 - $11.00

Q3 2014

Shares 10,300 Value ($000) $78 Avg Close $8.50 Range $5.04 - $9.83

Q2 2014

Shares 10,300 Value ($000) $97 Avg Close $8.91 Range $7.89 - $10.15

Q1 2014

Shares 10,300 Value ($000) $103 Avg Close $9.07 Range $8.15 - $10.34

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2015	10,300	$65	$5.42	$4.38 - $6.75
Q1 2015	10,300	$63	$7.01	$5.50 - $7.97
Q4 2014	10,300	$81	$7.67	$6.72 - $11.00
Q3 2014	10,300	$78	$8.50	$5.04 - $9.83
Q2 2014	10,300	$97	$8.91	$7.89 - $10.15
Q1 2014	10,300	$103	$9.07	$8.15 - $10.34