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

Role
Sr. VP, CAO & Treasurer
Signature
Carlos L. Heard, by Power of Attorney
Issuer symbol
BFS
Transactions as of
27 Dec 2021
Net transactions value
-$524,500
Form type
4
Filing time
28 Dec 2021, 12:47:29 UTC
Previous filing
13 May 2021
Next filing
17 May 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BFS Common Shares Options Exercise $444,200 +10,000 +8304% $44.42 10,120 27 Dec 2021 Direct
transaction BFS Common Shares Sale $524,500 -10,000 -99% $52.45 120 27 Dec 2021 Direct
holding BFS Common Shares 11,455 27 Dec 2021 401K F1
holding BFS Series E Preferred Stock 200 27 Dec 2021 Direct
holding BFS Series D Preferred Stock 100 27 Dec 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 $444,200 -10,000 -100% $44.42 0 27 Dec 2021 Common Stock 10,000 $44.42 Direct F2
holding BFS Employee Stock Option 10,000 27 Dec 2021 Common Stock 10,000 $47.03 Direct F2
holding BFS Employee Stock Option 10,000 27 Dec 2021 Common Stock 10,000 $51.07 Direct F2
holding BFS Employee Stock Option 10,000 27 Dec 2021 Common Stock 10,000 $57.74 Direct F2
holding BFS Employee Stock Option 10,000 27 Dec 2021 Common Stock 10,000 $59.41 Direct F2
holding BFS Employee Stock Option 10,000 27 Dec 2021 Common Stock 10,000 $49.46 Direct F2
holding BFS Employee Stock Option 15,000 27 Dec 2021 Common Stock 15,000 $55.71 Direct F2
holding BFS Employee Stock Option 20,000 27 Dec 2021 Common Stock 20,000 $50.00 Direct F2
holding BFS Employee Stock Option 20,000 27 Dec 2021 Common Stock 20,000 $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.