Philip D. Caraci - May 12, 2021 Form 4 Insider Report for SAUL CENTERS, INC. (BFS)

Role
Director
Signature
Carlos L. Heard, by Power of Attorney
Stock symbol
BFS
Transactions as of
May 12, 2021
Transactions value $
-$107,500
Form type
4
Date filed
5/13/2021, 02:50 PM
Previous filing
May 11, 2021
Next filing
Oct 4, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BFS Common Shares Options Exercise $105K +2.5K +5.1% $41.82 51.5K May 12, 2021 Direct F2
transaction BFS Common Shares Sale -$108K -2.5K -4.85% $43.00 49K May 12, 2021 Direct F2
holding BFS Common Shares 20.6K May 12, 2021 Wife's-Trust
holding BFS Common Shares 2.6K May 12, 2021 Wife's IRA
holding BFS Common Shares 53.2K May 12, 2021 Self-Trust F1

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 Stock Option Options Exercise -$105K -2.5K -100% $41.82 0 May 12, 2021 Common Stock 2.5K $41.82 Direct
holding BFS Phantom Stock 28.8K May 12, 2021 Common Stock 28.8K $43.17 Direct F3, F4, F5
holding BFS Stock Option 2.5K May 12, 2021 Common Stock 2.5K $39.29 Direct
holding BFS Stock Option 2.5K May 12, 2021 Common Stock 2.5K $44.42 Direct
holding BFS Stock Option 2.5K May 12, 2021 Common Stock 2.5K $47.03 Direct
holding BFS Stock Option 2.5K May 12, 2021 Common Stock 2.5K $51.07 Direct
holding BFS Stock Option 2.5K May 12, 2021 Common Stock 2.5K $57.74 Direct
holding BFS Stock Option 2.5K May 12, 2021 Common Stock 2.5K $59.41 Direct
holding BFS Stock Option 2.5K May 12, 2021 Common Stock 2.5K $49.46 Direct
holding BFS Stock Option 2.5K May 12, 2021 Common Stock 2.5K $55.71 Direct
holding BFS Stock Option 2.5K May 12, 2021 Common Stock 2.5K $50.00 Direct
holding BFS Stock Option 2.5K May 12, 2021 Common Stock 2.5K $43.89 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Self-Trust. Reporting person is a Trustee
F2 Self-IRA
F3 Pursuant to the issuer's Deferred Compensation Plan under its 2004 Stock Plan and the Deferred Fee Agreement executed by the reporting person, the reporting person has elected to defer receipt of his director's fees, and receive phantom stock, the amount of which is calculated as the quotient of the dollar value of fees deferred, divided by the fair market value of the issuer's shares on the date the phantom stock is received.
F4 1 for 1
F5 The conversion of phantom stock into shares of the issuer's common stock is governed pursuant to terms of the issuer's Deferred Compensation Plan under its 2004 Stock Plan, as amended, and the reporting person's Deferred Fee Agreement.