Willoughby B. Laycock - 03 Jan 2022 Form 4 Insider Report for SAUL CENTERS, INC. (BFS)

Role
SVP-Res. Marketing Initiatives, Director
Signature
Carlos L. Heard, by Power of Attorney
Issuer symbol
BFS
Transactions as of
03 Jan 2022
Net transactions value
+$6,200
Form type
4
Filing time
05 Jan 2022, 12:33:20 UTC
Previous filing
04 Oct 2021
Next filing
06 Apr 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding BFS Common Shares 279 03 Jan 2022 Spouse-401K F1, F2
holding BFS Common Shares 276 03 Jan 2022 Spouse F3, F4
holding BFS Common Shares 454 03 Jan 2022 Self-Trust F5, F6
holding BFS Common Shares 1,645 03 Jan 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 $6,200 +116 +5.9% $53.67 2,089 03 Jan 2022 Common Stock 116 $53.67 Direct F7, F8
holding BFS Employee Stock Option 5,000 03 Jan 2022 Common Stock 5,000 $55.71 Direct F9
holding BFS Director Stock Option 2,500 03 Jan 2022 Common Stock 2,500 $55.71 Direct
holding BFS Employee Stock Option 10,000 03 Jan 2022 Common Stock 10,000 $50.00 Direct F9
holding BFS Director Stock Option 2,500 03 Jan 2022 Common Stock 2,500 $50.00 Direct
holding BFS Employee Stock Option 10,000 03 Jan 2022 Common Stock 10,000 $43.89 Direct
holding BFS Director Stock Option 2,500 03 Jan 2022 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 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.