SALEM MEDIA GROUP INC

Ticker: SALM CUSIP: 794093104 Class: COM

LMR Partners LLP's Holding History (CIK: 0001578621)

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

Q3 2018

Shares 10,907 Value ($000) $37 Avg Close $4.35 Range $3.35 - $6.25

Q2 2018

Shares 32,279 Value ($000) $166 Avg Close $3.81 Range $3.10 - $5.80

Q2 2015

Shares 12,420 Value ($000) $79 Avg Close $5.42 Range $4.38 - $6.75

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2018	10,907	$37	$4.35	$3.35 - $6.25
Q2 2018	32,279	$166	$3.81	$3.10 - $5.80
Q2 2015	12,420	$79	$5.42	$4.38 - $6.75