Willoughby B. Laycock - May 7, 2021 Form 4 Insider Report for SAUL CENTERS, INC. (BFS)

Role
Senior V.P.-Residential, Director
Signature
Carlos L. Heard, by Power of Attorney
Stock symbol
BFS
Transactions as of
May 7, 2021
Transactions value $
$557,323
Form type
4
Date filed
5/11/2021, 12:31 PM
Next filing
Jul 2, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BFS Common Shares Award $8.7K +200 +13.84% $43.49 1.65K May 7, 2021 Direct
holding BFS Common Shares 273 May 7, 2021 Spouse-401K F1, F2
holding BFS Common Shares 269 May 7, 2021 Spouse F3, F4
holding BFS Common Shares 443 May 7, 2021 Self-Trust F5, F6

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BFS Employee Stock Option Award $439K +10K $43.89 10K May 7, 2021 Common Stock 10K $43.89 Direct
transaction BFS Director Stock Option Award $110K +2.5K $43.89 2.5K May 7, 2021 Common Stock 2.5K $43.89 Direct
holding BFS Phantom Stock 1.63K May 7, 2021 Common Stock 1.63K $43.17 Direct F7, F8
holding BFS Employee Stock Option 5K May 7, 2021 Common Stock 5K $55.71 Direct F9
holding BFS Director Stock Option 2.5K May 7, 2021 Common Stock 2.5K $55.71 Direct
holding BFS Employee Stock Option 10K May 7, 2021 Common Stock 10K $50.00 Direct F9
holding BFS Director Stock Option 2.5K May 7, 2021 Common Stock 2.5K $50.00 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Balance increased by April 30, 2021 Dividend Reinvestment Plan award of 3.407 shares.
F2 Shares owned in the reporting person's spouse's 401K account. The reporting person disclaims beneficial ownership of these shares.
F3 Balance increased by April 30, 2021 Dividend Reinvestment Plan award of 3.365 shares.
F4 Shares owned directly by the reporting person's spouse. The reporting person disclaims beneficial ownership of these shares.
F5 Balance increased by April 30, 2021 Dividend Reinvestment Plan award of 5.536 shares.
F6 Shares held in a trust, of which the reporting person is the sole beneficiary.
F7 The conversion of phantom stock into shares of the issuer's common stock is governed pursuant to terms of the issuer's Deferred Compensation Plan under its 2004 Stock Plan, as amended, and the reporting person's Deferred Fee Agreement.
F8 Includes 20.416 shares ($41.8749/share) awarded April 30, 2021 as dividend reinvestments on shares of phantom stock held by the reporting person pursuant to the issuer's Deferred Compensation Plan under its 2004 Stock Plan and shares of phantom stock issued under the issuer's Deferred Compensation Stock Plan for Directors.
F9 The options vest 25% per year over four years from the date of grant.