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

Role
SVP-Res. Marketing Initiatives, Director
Signature
Carlos L. Heard, by Power of Attorney
Stock symbol
BFS
Transactions as of
Oct 1, 2021
Transactions value $
$6,200
Form type
4
Date filed
10/4/2021, 01:02 PM
Previous filing
Jul 2, 2021
Next filing
Jan 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding BFS Common Shares 276 Oct 1, 2021 Spouse-401K F1, F2
holding BFS Common Shares 273 Oct 1, 2021 Spouse F3, F4
holding BFS Common Shares 448 Oct 1, 2021 Self-Trust F5, F6
holding BFS Common Shares 1.65K Oct 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 $6.2K +135 +7.45% $45.87 1.95K Oct 1, 2021 Common Stock 135 $45.87 Direct F7, F8
holding BFS Employee Stock Option 5K Oct 1, 2021 Common Stock 5K $55.71 Direct F9
holding BFS Director Stock Option 2.5K Oct 1, 2021 Common Stock 2.5K $55.71 Direct
holding BFS Employee Stock Option 10K Oct 1, 2021 Common Stock 10K $50.00 Direct F9
holding BFS Director Stock Option 2.5K Oct 1, 2021 Common Stock 2.5K $50.00 Direct
holding BFS Employee Stock Option 10K Oct 1, 2021 Common Stock 10K $43.89 Direct
holding BFS Director Stock Option 2.5K Oct 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 Balance increased by July 30, 2021 Dividend Reinvestment Plan award of 3.373 shares.
F2 Shares owned in the reporting person's spouse's 401K account. The reporting person disclaims beneficial ownership of these shares.
F3 Balance increased by July 30, 2021 Dividend Reinvestment Plan award of 3.332 shares.
F4 Shares owned directly by the reporting person's spouse. The reporting person disclaims beneficial ownership of these shares.
F5 Balance increased by July 30, 2021 Dividend Reinvestment Plan award of 5.482 shares.
F6 Shares held in a trust, of which the reporting person is the sole beneficiary.
F7 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.
F8 Includes 22.189 shares ($44.4405/share) awarded July 30, 2021 as dividend reinvestments on shares of phantom stock held by the reporting person pursuant to the issuer's Deferred Compensation Plan under its 2004 Stock Plan and shares of phantom stock issued under the issuer's Deferred Compensation Stock Plan for Directors.
F9 The options vest 25% per year over four years from the date of grant.