Willoughby B. Laycock - Jul 1, 2021 Form 4 Insider Report for SAUL CENTERS, INC. (BFS)

Role
Senior V.P.-Residential, Director
Signature
Carlos L. Heard, by Power of Attorney
Stock symbol
BFS
Transactions as of
Jul 1, 2021
Transactions value $
$7,400
Form type
4
Date filed
7/2/2021, 11:22 AM
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
holding BFS Common Shares 273 Jul 1, 2021 Spouse-401K F1
holding BFS Common Shares 269 Jul 1, 2021 Spouse F2
holding BFS Common Shares 443 Jul 1, 2021 Self-Trust F3
holding BFS Common Shares 1.65K Jul 1, 2021 Direct

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 Phantom Stock Award $7.4K +159 +9.76% $46.41 1.79K Jul 1, 2021 Common Stock 159 $46.41 Direct F4
holding BFS Employee Stock Option 5K Jul 1, 2021 Common Stock 5K $55.71 Direct F5
holding BFS Director Stock Option 2.5K Jul 1, 2021 Common Stock 2.5K $55.71 Direct
holding BFS Employee Stock Option 10K Jul 1, 2021 Common Stock 10K $50.00 Direct F5
holding BFS Director Stock Option 2.5K Jul 1, 2021 Common Stock 2.5K $50.00 Direct
holding BFS Employee Stock Option 10K Jul 1, 2021 Common Stock 10K $43.89 Direct
holding BFS Director Stock Option 2.5K Jul 1, 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 Shares owned in the reporting person's spouse's 401K account. The reporting person disclaims beneficial ownership of these shares.
F2 Shares owned directly by the reporting person's spouse. The reporting person disclaims beneficial ownership of these shares.
F3 Shares held in a trust, of which the reporting person is the sole beneficiary.
F4 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.
F5 The options vest 25% per year over four years from the date of grant.