Joel Albert Friedman - 07 May 2021 Form 4 Insider Report for SAUL CENTERS, INC. (BFS)

Role
Sr. VP, CAO & Treasurer
Signature
Carlos L. Heard, by Power of Attorney
Issuer symbol
BFS
Transactions as of
07 May 2021
Net transactions value
+$877,800
Form type
4
Filing time
11 May 2021, 15:19:41 UTC
Next filing
13 May 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding BFS Common Shares 11,189 07 May 2021 401K F1, F2
holding BFS Common Shares 118 07 May 2021 Direct F3
holding BFS Series E Preferred Stock 200 07 May 2021 Direct
holding BFS Series D Preferred Stock 100 07 May 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 $877,800 +20,000 $43.89 20,000 07 May 2021 Common Stock 20,000 $43.89 Direct F4
holding BFS Employee Stock Option 5,000 07 May 2021 Common Stock 5,000 $41.82 Direct F4
holding BFS Employee Stock Option 10,000 07 May 2021 Common Stock 10,000 $44.42 Direct F4
holding BFS Employee Stock Option 10,000 07 May 2021 Common Stock 10,000 $47.03 Direct F4
holding BFS Employee Stock Option 10,000 07 May 2021 Common Stock 10,000 $51.07 Direct F4
holding BFS Employee Stock Option 10,000 07 May 2021 Common Stock 10,000 $57.74 Direct F4
holding BFS Employee Stock Option 10,000 07 May 2021 Common Stock 10,000 $59.41 Direct F4
holding BFS Employee Stock Option 10,000 07 May 2021 Common Stock 10,000 $49.46 Direct F4
holding BFS Employee Stock Option 15,000 07 May 2021 Common Stock 15,000 $55.71 Direct F4
holding BFS Employee Stock Option 20,000 07 May 2021 Common Stock 20,000 $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.