David Todd Pearson - May 7, 2021 Form 4 Insider Report for SAUL CENTERS, INC. (BFS)

Role: President & COO
Signature: Carlos L. Heard, by Power of Attorney
Stock symbol: BFS
Transactions as of: May 7, 2021
Transactions value $: $1,097,250
Form type: 4
Date filed: 5/11/2021, 03:25 PM
Next filing: May 17, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	BFS	Common Shares						2K	May 7, 2021	Spouse IRA
holding	BFS	Common Shares						30.4	May 7, 2021	Direct	F1

Showing 1 to 2 of 2 entries

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	$1.1M	+25K		$43.89	25K	May 7, 2021	Common Stock	25K	$43.89	Direct
holding	BFS	Employee Stock Option						5K	May 7, 2021	Common Stock	5K	$59.41	Direct
holding	BFS	Employee Stock Option						5K	May 7, 2021	Common Stock	5K	$49.46	Direct
holding	BFS	Employee Stock Option						7.5K	May 7, 2021	Common Stock	7.5K	$55.71	Direct
holding	BFS	Employee Stock Option						15K	May 7, 2021	Common Stock	15K	$50.00	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Self-IRA