SALEM MEDIA GROUP INC

Ticker: SALM CUSIP: 794093104 Class: COM

Parallax Volatility Advisers, L.P.'s Holding History (CIK: 0001521001)

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

Q4 2017
Shares 2,016 Value ($000) $9 Avg Close $5.36 Range $3.90 - $6.75