SC 13G: Schedule filed to report acquisition of beneficial ownership of 5% or more of a class of equity securities by passive investors and certain institutions
Published on February 13, 2001
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
(Amendment No.1)*
SALEM COMMUNICATIONS CORPORATION
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(Name of Issuer)
CLASS A COMMON STOCK, $0.01 PAR VALUE
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(Title of Class of Securities)
794093 10 4
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(CUSIP Number)
Jonathan L. Block, General Counsel, Salem Communications Corporation,
4880 Santa Rosa Road, Suite 300, Camarillo, CA 93012 (805) 987-0400
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
December 31, 2000
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[X] Rule 13d-1(d)
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* The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 or otherwise subject to all other provisions of the Act (however, see the
Notes).
2
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1 NAME OF REPORTING PERSON Stuart W. Epperson, Sr.
S.S. or I.R.S. IDENTIFICATION (###-##-####),
NO. OF PERSON for himself and as Trustee of the
Epperson 1999 Trust No. 1,
U/D/T dated March 31, 1999
(###-##-####)
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
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5 SOLE VOTING POWER
NUMBER OF 4,317,029 shares
SHARES ----------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 0
EACH ----------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 4,317,029 shares
WITH ----------------------------------------
8 SHARED DISPOSITIVE POWER
0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,317,029 shares
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
24.1%
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12 TYPE OF REPORTING PERSON (See Instructions)
IN and 00 (Trust)
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
3
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1 NAME OF REPORTING PERSON Nancy A. Epperson
S.S. or I.R.S. IDENTIFICATION ###-##-####
OF PERSON
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
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5 SOLE VOTING POWER
NUMBER OF 0
SHARES ----------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 0
EACH ----------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 0
WITH ----------------------------------------
8 SHARED DISPOSITIVE POWER
0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,317,029 shares
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
24.1%
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12 TYPE OF REPORTING PERSON (See Instructions)
IN and 00 (Trust)
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
4
Pursuant to Rule 13d-1(k)(1), this statement is filed on behalf of two or more
reporting persons identified herein with respect to shares of Class A Common
Stock of Salem Communications Corporation.
ITEM 1(a). NAME OF ISSUER:
Salem Communications Corporation
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
4880 Santa Rosa Road, Suite 300, Camarillo, California 93012
ITEM 2(a). NAME OF PERSON FILING:
This statement is filed by two (2) reporting persons:
(1) Stuart W. Epperson, Sr. ("S. Epperson") for himself
and as Trustee of the Epperson 1999 Trust No. 1, U/D/T
dated March 31, 1999, and (2) Nancy A. Epperson
("N. Epperson") for herself.
ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
4880 Santa Rosa Road, Suite 300, Camarillo, California 93012
ITEM 2(c). CITIZENSHIP:
United States of America
ITEM 2(d). TITLE OF CLASS OF SECURITIES:
This statement relates to the Class A Common Stock, par value
$0.01 per share, of Salem Communications Corporation
(the "Class A Common Stock")
ITEM 2(e). CUSIP NUMBER:
794093 10 4
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(b), OR
13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A:
(a) [ ] Broker or dealer registered under Section 15
of the Exchange Act;
(b) [ ] Bank as defined in Section 3(a)(6) of the
Exchange Act;
(c) [ ] Insurance company as defined in Section 3(a)(19)
of the Exchange Act;
(d) [ ] Investment company registered under Section 8 of
the Investment Company Act;
(e) [ ] An investment advisor in accordance with Rule
13d-1(b)(1)(ii)(E);
(f) [ ] An employee benefit plan or endowment fund in
accordance with Rule 13d-1(b)(1)(ii)(G);
(g) [ ] A parent holding company or control person in
accordance with Rule 13d-1(b)(1)(ii)(G);
(h) [ ] A savings association as defined in Section
3(b) of the Federal Deposit Insurance Act;
(i) [ ] A church plan that is excluded from the
definition of an investment company under Section 3(c)(14)
of the Investment Company Act;
(j) [ ] Group, in accordance with Rule 13d-1(b)(ii)(J).
Not applicable.
ITEM 4. OWNERSHIP.
(a) AMOUNT BENEFICIALLY OWNED: As of December 31, 2000;
(1) S. Epperson was deemed to beneficially own 2,145,817
shares of Class A Common Stock held by himself and 2,171,212
shares of Class A Common Stock held by the Epperson 1999
Trust No. 1, U/D/T dated March 31, 1999; (2) N. Epperson
was deemed to beneficially own 4,317,029 shares of Class A
Common Stock because, as husband and wife, E. Epperson and
N. Epperson are each deemed to be the beneficial owner of
shares held by the other.
(b) PERCENT OF CLASS:
S. Epperson - 24.1%
N. Epperson - 24.1%
(c) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS:
5
(i) SOLE POWER TO VOTE OR TO DIRECT THE VOTE -
S. Epperson - 4,317,029
N. Epperson - 0
(ii) SHARED POWER TO VOTE OR TO DIRECT THE VOTE -
S. Epperson - 0
N. Epperson - 0
(iii) SOLE POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF -
S. Epperson - 4,317,029
N. Epperson - 0
(iv) SHARED POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF -
S. Epperson -0
N. Epperson -0
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
Not applicable.
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
Not applicable.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT
HOLDING COMPANY.
Not applicable.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
Not applicable.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not applicable.
ITEM 10. CERTIFICATION.
Not applicable.
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the Information set forth in this statement is true,
complete and correct.
Dated: February 13, 2001
/s/ Stuart W. Epperson, Sr.
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Stuart W. Epperson, Sr.
Dated: February 13, 2001
/s/ Nancy A. Epperson
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Nancy A. Epperson
6
EXHIBIT INDEX
Exhibit No. Description
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1 Filing Agreement - regarding the filing of one
statement with respect to the same securities,
previously filed on February 11, 2000.