John E. Chapoton - May 7, 2021 Form 4 Insider Report for SAUL CENTERS, INC. (BFS)

Role
Director
Signature
Carlos L. Heard, by Power of Attorney
Stock symbol
BFS
Transactions as of
May 7, 2021
Transactions value $
$118,503
Form type
4
Date filed
5/11/2021, 12:37 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 $8.78K +200 +2.83% $43.89 7.27K May 7, 2021 Direct

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 Stock Option Award $110K +2.5K $43.89 2.5K May 7, 2021 Common Stock 2.5K $43.89 Direct
holding BFS Phantom Stock 18.4K May 7, 2021 Common Stock 18.4K $43.17 Direct F1, F2, F3, F4
holding BFS Stock Option 2.5K May 7, 2021 Common Stock 2.5K $44.42 Direct
holding BFS Stock Option 2.5K May 7, 2021 Common Stock 2.5K $47.03 Direct
holding BFS Stock Option 2.5K May 7, 2021 Common Stock 2.5K $51.07 Direct
holding BFS Stock Option 2.5K May 7, 2021 Common Stock 2.5K $57.74 Direct
holding BFS Stock Option 2.5K May 7, 2021 Common Stock 2.5K $59.41 Direct
holding BFS Stock Option 2.5K May 7, 2021 Common Stock 2.5K $49.46 Direct
holding BFS Stock Option 2.5K May 7, 2021 Common Stock 2.5K $55.71 Direct
holding BFS 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 Pursuant to the issuer's Deferred Compensation Plan under its 2004 Stock Plan and the Deferred Fee Agreement executed by the reporting person, the reporting person has elected to defer receipt of his director's fees, and receive phantom stock, the amount of which is calculated as the quotient of the dollar value of fees deferred, divided by the fair market value of the issuer's shares on the date the phantom stock is received.
F2 1 for 1
F3 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.
F4 Includes 230.183 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.

Remarks:

On 4/25/18 2,500 Options from the 2008 Class expired.