John E. Chapoton - May 13, 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
May 13, 2022
Transactions value $
$9,580
Form type
4
Date filed
5/17/2022, 06:19 PM
Previous filing
Apr 6, 2022
Next filing
Jul 6, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BFS Common Shares Award $9.58K +200 +2.75% $47.90 7.47K May 13, 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 Director Stock Option Award $0 +2.5K $0.00 2.5K May 13, 2022 Common Shares 2.5K $47.90 Direct
holding BFS Phantom Stock 19.6K May 13, 2022 Common Stock 19.6K Direct F1, F2, F3
holding BFS Director Stock Option 2.5K May 13, 2022 Common Stock 2.5K $47.03 Direct
holding BFS Director Stock Option 2.5K May 13, 2022 Common Stock 2.5K $51.07 Direct
holding BFS Director Stock Option 2.5K May 13, 2022 Common Stock 2.5K $57.74 Direct
holding BFS Director Stock Option 2.5K May 13, 2022 Common Stock 2.5K $59.41 Direct
holding BFS Director Stock Option 2.5K May 13, 2022 Common Stock 2.5K $49.46 Direct
holding BFS Director Stock Option 2.5K May 13, 2022 Common Stock 2.5K $55.71 Direct
holding BFS Director Stock Option 2.5K May 13, 2022 Common Stock 2.5K $50.00 Direct
holding BFS Director Stock Option 2.5K May 13, 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.