Willoughby B. Laycock - Jan 3, 2022 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
Jan 3, 2022
Transactions value $
$6,200
Form type
4
Date filed
1/5/2022, 12:33 PM
Previous filing
Oct 4, 2021
Next filing
Apr 6, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding BFS Common Shares 279 Jan 3, 2022 Spouse-401K F1, F2
holding BFS Common Shares 276 Jan 3, 2022 Spouse F3, F4
holding BFS Common Shares 454 Jan 3, 2022 Self-Trust F5, F6
holding BFS Common Shares 1.65K Jan 3, 2022 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 +116 +5.85% $53.67 2.09K Jan 3, 2022 Common Stock 116 $53.67 Direct F7, F8
holding BFS Employee Stock Option 5K Jan 3, 2022 Common Stock 5K $55.71 Direct F9
holding BFS Director Stock Option 2.5K Jan 3, 2022 Common Stock 2.5K $55.71 Direct
holding BFS Employee Stock Option 10K Jan 3, 2022 Common Stock 10K $50.00 Direct F9
holding BFS Director Stock Option 2.5K Jan 3, 2022 Common Stock 2.5K $50.00 Direct
holding BFS Employee Stock Option 10K Jan 3, 2022 Common Stock 10K $43.89 Direct
holding BFS Director Stock Option 2.5K Jan 3, 2022 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 October 29, 2021 Dividend Reinvestment Plan award of 3.338 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 October 29, 2021 Dividend Reinvestment Plan award of 3.297 shares.
F4 Shares owned directly by the reporting person's spouse. The reporting person disclaims beneficial ownership of these shares.
F5 Balance increased by October 29, 2021 Dividend Reinvestment Plan award of 5.424 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 23.593 shares ($45.4639/share) awarded October 29, 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.