Joel Albert Friedman - Dec 27, 2021 Form 4 Insider Report for SAUL CENTERS, INC. (BFS)

Role
Sr. VP, CAO & Treasurer
Signature
Carlos L. Heard, by Power of Attorney
Stock symbol
BFS
Transactions as of
Dec 27, 2021
Transactions value $
-$524,500
Form type
4
Date filed
12/28/2021, 12:47 PM
Previous filing
May 13, 2021
Next filing
May 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BFS Common Shares Options Exercise $444K +10K +8303.58% $44.42 10.1K Dec 27, 2021 Direct
transaction BFS Common Shares Sale -$525K -10K -98.81% $52.45 120 Dec 27, 2021 Direct
holding BFS Common Shares 11.5K Dec 27, 2021 401K F1
holding BFS Series E Preferred Stock 200 Dec 27, 2021 Direct
holding BFS Series D Preferred Stock 100 Dec 27, 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 Employee Stock Option Options Exercise -$444K -10K -100% $44.42 0 Dec 27, 2021 Common Stock 10K $44.42 Direct F2
holding BFS Employee Stock Option 10K Dec 27, 2021 Common Stock 10K $47.03 Direct F2
holding BFS Employee Stock Option 10K Dec 27, 2021 Common Stock 10K $51.07 Direct F2
holding BFS Employee Stock Option 10K Dec 27, 2021 Common Stock 10K $57.74 Direct F2
holding BFS Employee Stock Option 10K Dec 27, 2021 Common Stock 10K $59.41 Direct F2
holding BFS Employee Stock Option 10K Dec 27, 2021 Common Stock 10K $49.46 Direct F2
holding BFS Employee Stock Option 15K Dec 27, 2021 Common Stock 15K $55.71 Direct F2
holding BFS Employee Stock Option 20K Dec 27, 2021 Common Stock 20K $50.00 Direct F2
holding BFS Employee Stock Option 20K Dec 27, 2021 Common Stock 20K $43.89 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Effective April 1, 2009, shares formerly held by the B.F. Saul Company Employees' Profit Sharing Reinvestment Trust were distributed to the individual 401(k) plan accounts of participants. The number of shares reported represents the reporting person's beneficial ownership interest in the Saul Centers stock fund of the 401(k) plan.
F2 The options vest 25% per year over four years from the date of grant.