Willoughby B. Laycock - 01 Jul 2021 Form 4 Insider Report for SAUL CENTERS, INC. (BFS)

Role
Senior V.P.-Residential, Director
Signature
Carlos L. Heard, by Power of Attorney
Issuer symbol
BFS
Transactions as of
01 Jul 2021
Net transactions value
+$7,400
Form type
4
Filing time
02 Jul 2021, 11:22:45 UTC
Previous filing
11 May 2021
Next filing
04 Oct 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding BFS Common Shares 273 01 Jul 2021 Spouse-401K F1
holding BFS Common Shares 269 01 Jul 2021 Spouse F2
holding BFS Common Shares 443 01 Jul 2021 Self-Trust F3
holding BFS Common Shares 1,645 01 Jul 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 $7,400 +159 +9.8% $46.41 1,793 01 Jul 2021 Common Stock 159 $46.41 Direct F4
holding BFS Employee Stock Option 5,000 01 Jul 2021 Common Stock 5,000 $55.71 Direct F5
holding BFS Director Stock Option 2,500 01 Jul 2021 Common Stock 2,500 $55.71 Direct
holding BFS Employee Stock Option 10,000 01 Jul 2021 Common Stock 10,000 $50.00 Direct F5
holding BFS Director Stock Option 2,500 01 Jul 2021 Common Stock 2,500 $50.00 Direct
holding BFS Employee Stock Option 10,000 01 Jul 2021 Common Stock 10,000 $43.89 Direct
holding BFS Director Stock Option 2,500 01 Jul 2021 Common Stock 2,500 $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.