George Patrick Clancy Jr - Apr 1, 2022 Form 4 Insider Report for SAUL CENTERS, INC. (BFS)

Role
Director
Signature
Carlos L. Heard, by Power of Attorney
Stock symbol
BFS
Transactions as of
Apr 1, 2022
Transactions value $
$6,250
Form type
4
Date filed
4/6/2022, 07:09 AM
Previous filing
Mar 10, 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 6.15K 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 $6.25K +116 +1.91% $54.08 6.16K Apr 1, 2022 Common Stock 116 Direct F1, F2, F3, F4
holding BFS Stock Option 2.5K Apr 1, 2022 Common Stock 2.5K $44.42 Direct
holding BFS Stock Option 2.5K Apr 1, 2022 Common Stock 2.5K $47.03 Direct
holding BFS Stock Option 2.5K Apr 1, 2022 Common Stock 2.5K $51.07 Direct
holding BFS Stock Option 2.5K Apr 1, 2022 Common Stock 2.5K $57.74 Direct
holding BFS Stock Option 2.5K Apr 1, 2022 Common Stock 2.5K $59.41 Direct
holding BFS Stock Option 2.5K Apr 1, 2022 Common Stock 2.5K $49.46 Direct
holding BFS Stock Option 2.5K Apr 1, 2022 Common Stock 2.5K $55.71 Direct
holding BFS Stock Option 2.5K Apr 1, 2022 Common Stock 2.5K $50.00 Direct
holding BFS 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 Pursuant to the issuer's Deferred Compensation Plan under its 2004 Stock Plan and the Deferred Fee Agreement executed by the reporting person, the reporting person has elected to defer receipt of his director's fees, and receive phantom stock, the amount of which is calculated as the quotient of the dollar value of fees deferred, divided by the fair market value of the issuer's shares on the date the phantom stock is received.
F2 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.
F3 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.
F4 Includes 71.378 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.