SALEM MEDIA GROUP INC

Ticker: SALM CUSIP: 794093104 Class: COM

SIMPLEX TRADING, LLC's Holding History (CIK: 0001488542)

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

Q1 2019

Shares 155 Value ($000) $0 Avg Close $2.73 Range $2.08 - $3.26

Q1 2018

Shares 788 Value ($000) $2 Avg Close $4.29 Range $3.55 - $4.80

Q4 2017

Shares 1,478 Value ($000) $6 Avg Close $5.36 Range $3.90 - $6.75

Q3 2016

Shares 176 Value ($000) $1 Avg Close $6.76 Range $5.68 - $8.10

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2019	155	$0	$2.73	$2.08 - $3.26
Q1 2018	788	$2	$4.29	$3.55 - $4.80
Q4 2017	1,478	$6	$5.36	$3.90 - $6.75
Q3 2016	176	$1	$6.76	$5.68 - $8.10