George Patrick Clancy Jr - 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 $
$12,300
Form type
4
Date filed
7/6/2022, 05:55 PM
Previous filing
Jun 27, 2022
Next filing
Jul 12, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding BFS Common Shares 7.55K Jul 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 $12.3K +256 +5.09% $48.10 5.28K Jul 1, 2022 Common Stock 256 Direct F1, F2, F3
holding BFS Director Stock Option 2.5K Jul 1, 2022 Common Stock 2.5K $44.42 Direct
holding BFS Director Stock Option 2.5K Jul 1, 2022 Common Stock 2.5K $47.03 Direct
holding BFS Director Stock Option 2.5K Jul 1, 2022 Common Stock 2.5K $51.07 Direct
holding BFS Director Stock Option 2.5K Jul 1, 2022 Common Stock 2.5K $57.74 Direct
holding BFS Director Stock Option 2.5K Jul 1, 2022 Director Stock Option 2.5K $59.41 Direct
holding BFS Director Stock Option 2.5K Jul 1, 2022 Common Stock 2.5K $49.46 Direct
holding BFS Director Stock Option 2.5K Jul 1, 2022 Common Stock 2.5K $55.71 Direct
holding BFS Director Stock Option 2.5K Jul 1, 2022 Common Stock 2.5K $50.00 Direct
holding BFS Director Stock Option 2.5K Jul 1, 2022 Common Stock 2.5K $43.89 Direct
holding BFS Director Stock Option 2.5K Jul 1, 2022 Common Shares 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 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.
F2 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.
F3 Includes 0.311 shares ($47.6658/share) and 0.299 shares ($50.0617/share) granted on July 1, 2022 to compensate the reporting person for lost dividend reinvestments that would have been awarded on January 31, 2022 and April 29, 2022, respectively, on phantom shares the Issuer failed to award to the reporting person on January 3, 2022 pursuant to the Deferred Compensation Plan. The Issuer awarded 25.988 phantom shares ($48.10/share) on July 1, 2022 to compensate the reporting person for these missed phantom shares.