Willoughby B. Laycock - May 13, 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
May 13, 2022
Transactions value $
$9,580
Form type
4
Date filed
5/17/2022, 07:31 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 +12.16% $47.90 1.85K May 13, 2022 Direct
holding BFS Common Shares 286 May 13, 2022 Spouse-401K F1, F2
holding BFS Common Shares 282 May 13, 2022 Spouse F3, F4
holding BFS Common Shares 465 May 13, 2022 Self-Trust F5, F6

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 Employee Stock Option Award $0 +10K $0.00 10K May 13, 2022 Common Shares 10K $47.90 Direct F9
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 2.21K May 13, 2022 Common Stock 2.21K Direct F7, F8
holding BFS Employee Stock Option 5K May 13, 2022 Common Stock 5K $55.71 Direct F9
holding BFS Director Stock Option 2.5K May 13, 2022 Common Stock 2.5K $55.71 Direct
holding BFS Employee Stock Option 10K May 13, 2022 Common Stock 10K $50.00 Direct F9
holding BFS Director Stock Option 2.5K May 13, 2022 Common Stock 2.5K $50.00 Direct
holding BFS Employee Stock Option 10K May 13, 2022 Common Stock 10K $43.89 Direct F9
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 Balance increased by April 30, 2022 Dividend Reinvestment Plan award of 3.255 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 April 30, 2022 Dividend Reinvestment Plan award of 3.215 shares.
F4 Shares owned directly by the reporting person's spouse. The reporting person disclaims beneficial ownership of these shares.
F5 Balance increased by April 30, 2022 Dividend Reinvestment Plan award of 5.290 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 The options vest 25% per year over four years from the date of grant.