Christine Nicolaides Kearns - May 7, 2021 Form 4 Insider Report for SAUL CENTERS, INC. (BFS)

Role
Exec VP/Chief Legal/Admin Off
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, 03:36 PM
Next filing
May 17, 2022

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 F1
holding BFS Employee Stock Option 20K May 7, 2021 Common Stock 20K $51.07 Direct F1
holding BFS Employee Stock Option 25K May 7, 2021 Common Stock 25K $57.74 Direct F1
holding BFS Employee Stock Option 25K May 7, 2021 Common Stock 25K $59.41 Direct F1
holding BFS Employee Stock Option 25K May 7, 2021 Common Stock 25K $49.46 Direct F1
holding BFS Employee Stock Option 25K May 7, 2021 Common Stock 25K $55.71 Direct F1
holding BFS Employee Stock Option 25K May 7, 2021 Common Stock 25K $50.00 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The options vest 25% per year over four years from the date of grant.