Philip D. Caraci - Jul 1, 2022 Form 4 Insider Report for SAUL CENTERS, INC. (BFS)

Role
Director
Signature
/s/ Carlos L. Heard, by Power of Attorney
Stock symbol
BFS
Transactions as of
Jul 1, 2022
Transactions value $
$0
Form type
4
Date filed
7/6/2022, 05:54 PM
Previous filing
May 17, 2022
Next filing
May 16, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding BFS Common Shares 20.6K Jul 1, 2022 Wife's-Trust
holding BFS Common Shares 2.6K Jul 1, 2022 Wife's IRA
holding BFS Common Shares 53.2K Jul 1, 2022 Self-Trust F1
holding BFS Common Shares 49.2K Jul 1, 2022 Direct F2

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
holding BFS Phantom Stock 30.2K Jul 1, 2022 Common Stock 30.2K Direct F3, F4, F5
holding BFS Stock Option 2.5K Jul 1, 2022 Common Stock 2.5K $44.42 Direct
holding BFS Stock Option 2.5K Jul 1, 2022 Common Stock 2.5K $47.03 Direct
holding BFS Stock Option 2.5K Jul 1, 2022 Common Stock 2.5K $51.07 Direct
holding BFS Stock Option 2.5K Jul 1, 2022 Common Stock 2.5K $57.74 Direct
holding BFS Stock Option 2.5K Jul 1, 2022 Common Stock 2.5K $59.41 Direct
holding BFS Stock Option 2.5K Jul 1, 2022 Common Stock 2.5K $49.46 Direct
holding BFS Stock Option 2.5K Jul 1, 2022 Common Stock 2.5K $55.71 Direct
holding BFS Stock Option 2.5K Jul 1, 2022 Common Stock 2.5K $50.00 Direct
holding BFS Stock Option 2.5K Jul 1, 2022 Common Stock 2.5K $43.89 Direct
holding BFS Stock Option 2.5K Jul 1, 2022 Common Stock 2.5K $47.90 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Self-Trust. Reporting person is a Trustee
F2 Self-IRA
F3 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.
F4 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.
F5 Includes 340.193 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.