SALEM MEDIA GROUP INC

Ticker: SALM CUSIP: 794093104 Class: COM

Douglas Lane & Associates, LLC's Holding History (CIK: 0001672594)

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

Q2 2016
Shares 13,000 Value ($000) $94 Avg Close $6.75 Range $5.84 - $8.17
Q1 2016
Shares 15,000 Value ($000) $86 Avg Close $4.56 Range $3.60 - $6.06