Charles W. Sherren Jr. - 07 May 2021 Form 4 Insider Report for SAUL CENTERS, INC. (BFS)

Role
Sr. VP- Property Management
Signature
Carlos L. Heard, by Power of Attorney
Issuer symbol
BFS
Transactions as of
07 May 2021
Net transactions value
+$438,900
Form type
4
Filing time
11 May 2021, 15:26:59 UTC
Next filing
17 May 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding BFS Common Shares 12,338 07 May 2021 401K F1, F2
holding BFS Common Shares 760 07 May 2021 Direct F3

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 $438,900 +10,000 $43.89 10,000 07 May 2021 Common Stock 10,000 $43.89 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 10,000 07 May 2021 Common Stock 10,000 $55.71 Direct F4
holding BFS Employee Stock Option 10,000 07 May 2021 Common Stock 10,000 $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 April 30, 2020 Dividend Reinvestment Plan award, July 31, 2020, October 31, 2020 award, January 31, 2021 award and April 30, 2021 award of 183.991 shares, 208.864 shares, 256.043 shares, 214.927 shares, and 154.209 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 April 30, 2020 Dividend Reinvestment Plan award, July 31, 2020, October 31, 2020 award, January 31, 2021 award and April 30, 2021 award of 11.470 shares, 12.962 shares, 15.890 shares, 13.154 shares, and 9.504 shares, respectively.
F4 The options vest 25% per year over four years from the date of grant.