Willoughby B. Laycock - Apr 1, 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
Apr 1, 2022
Transactions value $
$5,000
Form type
4
Date filed
4/6/2022, 07:08 AM
Previous filing
Jan 5, 2022
Next filing
May 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding BFS Common Shares 283 Apr 1, 2022 Spouse-401K F1, F2
holding BFS Common Shares 279 Apr 1, 2022 Spouse F3, F4
holding BFS Common Shares 459 Apr 1, 2022 Self-Trust F5, F6
holding BFS Common Shares 1.65K Apr 1, 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 $5K +92.5 +4.37% $54.08 2.21K Apr 1, 2022 Common Stock 92.5 Direct F7, F8, F9
holding BFS Employee Stock Option 5K Apr 1, 2022 Common Stock 5K $55.71 Direct F10
holding BFS Director Stock Option 2.5K Apr 1, 2022 Common Stock 2.5K $55.71 Direct
holding BFS Employee Stock Option 10K Apr 1, 2022 Common Stock 10K $50.00 Direct F10
holding BFS Director Stock Option 2.5K Apr 1, 2022 Common Stock 2.5K $50.00 Direct
holding BFS Employee Stock Option 10K Apr 1, 2022 Common Stock 10K $43.89 Direct
holding BFS Director Stock Option 2.5K Apr 1, 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 January 31, 2022 Dividend Reinvestment Plan award of 3.340 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 January 31, 2022 Dividend Reinvestment Plan award of 3.299 shares.
F4 Shares owned directly by the reporting person's spouse. The reporting person disclaims beneficial ownership of these shares.
F5 Balance increased by January 31, 2022 Dividend Reinvestment Plan award of 5.427 shares.
F6 Shares held in a trust, of which the reporting person is the sole beneficiary.
F7 Each share of phantom stock is the economic equivalent of one share of common stock. The shares of phantom stock become payable, in cash or common stock, at the election of the reporting person, upon the reporting person's termination of service.
F8 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.
F9 Includes 24.985 shares ($47.6658/share) awarded January 31, 2022 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.
F10 The options vest 25% per year over four years from the date of grant.