Christopher Netter - May 7, 2021 Form 4 Insider Report for SAUL CENTERS, INC. (BFS)

Role
Exec. Vice Pres-Retail Leasing
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, 03:28 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 663 May 7, 2021 Wife-IRA F1
holding BFS Common Shares 310 May 7, 2021 Direct F2
holding BFS Series E Preferred Stock 650 May 7, 2021 Direct
holding BFS Common Shares 1.58K May 7, 2021 401K F3, F4

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 F5
holding BFS Employee Stock Option 15K May 7, 2021 Common Stock 15K $47.03 Direct F5
holding BFS Employee Stock Option 20K May 7, 2021 Common Stock 20K $51.07 Direct F5
holding BFS Employee Stock Option 20K May 7, 2021 Common Stock 20K $57.74 Direct F5
holding BFS Employee Stock Option 20K May 7, 2021 Common Stock 20K $59.41 Direct F5
holding BFS Employee Stock Option 20K May 7, 2021 Common Stock 20K $49.46 Direct F5
holding BFS Employee Stock Option 20K May 7, 2021 Common Stock 20K $55.71 Direct F5
holding BFS Employee Stock Option 20K May 7, 2021 Common Stock 20K $50.00 Direct F5
* 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, 2021 Dividend Reinvestment Plan award of 8.292 shares.
F2 Balance increased by April 30, 2021 Dividend Reinvestment Plan award of 3.874 shares.
F3 Balance increased by April 30, 2021 Dividend Reinvestment Plan award of 19.758 shares.
F4 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.
F5 The options vest 25% per year over four years from the date of grant.