Willoughby B. Laycock - 01 Jul 2022 Form 4 Insider Report for SAUL CENTERS, INC. (BFS)

Role
SVP-Res. Marketing Initiatives, Director
Signature
/s/ Carlos L. Heard, by Power of Attorney
Issuer symbol
BFS
Transactions as of
01 Jul 2022
Net transactions value
+$7,400
Form type
4
Filing time
06 Jul 2022, 17:54:24 UTC
Previous filing
17 May 2022
Next filing
12 Jul 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 286 01 Jul 2022 Spouse-401K F1
holding BFS Common Shares 282 01 Jul 2022 Spouse F2
holding BFS Common Shares 465 01 Jul 2022 Self-Trust F3
holding BFS Common Shares 1,845 01 Jul 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 $7,400 +154 +6.9% $48.10 2,386 01 Jul 2022 Common Stock 154 Direct F4, F5, F6
holding BFS Employee Stock Option 5,000 01 Jul 2022 Common Stock 5,000 $55.71 Direct F7
holding BFS Director Stock Option 2,500 01 Jul 2022 Common Stock 2,500 $55.71 Direct
holding BFS Employee Stock Option 10,000 01 Jul 2022 Common Stock 10,000 $50.00 Direct F7
holding BFS Director Stock Option 2,500 01 Jul 2022 Common Stock 2,500 $50.00 Direct
holding BFS Employee Stock Option 10,000 01 Jul 2022 Common Stock 10,000 $43.89 Direct F7
holding BFS Director Stock Option 2,500 01 Jul 2022 Common Stock 2,500 $43.89 Direct
holding BFS Employee Stock Option 10,000 01 Jul 2022 Common Shares 10,000 $47.90 Direct F7
holding BFS Director Stock Option 2,500 01 Jul 2022 Common Shares 2,500 $47.90 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares owned in the reporting person's spouse's 401K account. The reporting person disclaims beneficial ownership of these shares.
F2 Shares owned directly by the reporting person's spouse. The reporting person disclaims beneficial ownership of these shares.
F3 Shares held in a trust, of which the reporting person is the sole beneficiary.
F4 Phantom shares are issuable pursuant to the Issuer's Deferred Compensation Plan for Directors under its 2004 Stock Plan, as amended (the "Deferred Compensation Plan"). 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.
F5 The conversion of the phantom stock into shares of the Issuer's common stock is governed by the Deferred Compensation Plan and the reporting person's Deferred Fee Election Agreement.
F6 Includes 25.127 shares ($50.0617/share) awarded April 29, 2022 as dividend reinvestments on shares of phantom stock held by the reporting person pursuant to the Deferred Compensation Plan.
F7 The options vest 25% per year over four years from the date of grant.