Joel Albert Friedman - May 7, 2021 Form 4 Insider Report for SAUL CENTERS, INC. (BFS)

Role
Sr. VP, CAO & Treasurer
Signature
Carlos L. Heard, by Power of Attorney
Stock symbol
BFS
Transactions as of
May 7, 2021
Transactions value $
$877,800
Form type
4
Date filed
5/11/2021, 03:19 PM
Next filing
May 13, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding BFS Common Shares 11.2K May 7, 2021 401K F1, F2
holding BFS Common Shares 118 May 7, 2021 Direct F3
holding BFS Series E Preferred Stock 200 May 7, 2021 Direct
holding BFS Series D Preferred Stock 100 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 Employee Stock Option Award $878K +20K $43.89 20K May 7, 2021 Common Stock 20K $43.89 Direct F4
holding BFS Employee Stock Option 5K May 7, 2021 Common Stock 5K $41.82 Direct F4
holding BFS Employee Stock Option 10K May 7, 2021 Common Stock 10K $44.42 Direct F4
holding BFS Employee Stock Option 10K May 7, 2021 Common Stock 10K $47.03 Direct F4
holding BFS Employee Stock Option 10K May 7, 2021 Common Stock 10K $51.07 Direct F4
holding BFS Employee Stock Option 10K May 7, 2021 Common Stock 10K $57.74 Direct F4
holding BFS Employee Stock Option 10K May 7, 2021 Common Stock 10K $59.41 Direct F4
holding BFS Employee Stock Option 10K May 7, 2021 Common Stock 10K $49.46 Direct F4
holding BFS Employee Stock Option 15K May 7, 2021 Common Stock 15K $55.71 Direct F4
holding BFS Employee Stock Option 20K May 7, 2021 Common Stock 20K $50.00 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Balance increased by July 31, 2020 Dividend Reinvestment Plan award, October 31, 2020, January 31, 2021 award and April 30, 2020 award of 189.419 shares, 232.206 shares, 194.911 shares and 139.850 shares, respectively.
F2 Effective April 1, 2009, shares formerly held by the B.F. Saul Company Employees' Profit Sharing Reinvestment Trust were distributed to the individual 401(k) plan accounts of participants. The number of shares reported represents the reporting person's beneficial ownership interest in the Saul Centers stock fund of the 401(k) plan.
F3 Balance increased by July 31, 2020 Dividend Reinvestment Plan award, October 31, 2020, January 31, 2021 award and April 30, 2020 award of 1.950 shares, 2.389 shares, 1.930 shares and 1.930 shares, respectively.
F4 The options vest 25% per year over four years from the date of grant.