John E. Chapoton - Jul 8, 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 8, 2022
Transactions value $
$1,200
Form type
4
Date filed
7/12/2022, 05:23 PM
Previous filing
Jul 6, 2022
Next filing
Oct 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding BFS Common Shares 7.47K Jul 8, 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 $1.2K +24.9 +0.12% $48.10 20K Jul 8, 2022 Common Stock 24.9 Direct F1, F2, F3, F4
holding BFS Director Stock Option 2.5K Jul 8, 2022 Common Stock 2.5K $47.03 Direct
holding BFS Director Stock Option 2.5K Jul 8, 2022 Common Stock 2.5K $51.07 Direct
holding BFS Director Stock Option 2.5K Jul 8, 2022 Common Stock 2.5K $57.74 Direct
holding BFS Director Stock Option 2.5K Jul 8, 2022 Common Stock 2.5K $59.41 Direct
holding BFS Director Stock Option 2.5K Jul 8, 2022 Common Stock 2.5K $49.46 Direct
holding BFS Director Stock Option 2.5K Jul 8, 2022 Common Stock 2.5K $55.71 Direct
holding BFS Director Stock Option 2.5K Jul 8, 2022 Common Stock 2.5K $50.00 Direct
holding BFS Director Stock Option 2.5K Jul 8, 2022 Common Stock 2.5K $43.89 Direct
holding BFS Director Stock Option 2.5K Jul 8, 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 On July 8, 2022, the Issuer granted 24.948 phantom shares ($48.10/share) to compensate the reporting person for phantom shares the Issuer should have awarded to the reporting person on April 1, 2022 pursuant to the Deferred Compensation Plan.
F3 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.
F4 Includes 0.284 phantom shares ($50.0617/share) granted on July 8, 2022 to compensate the reporting person for a lost dividend reinvestment that would have been awarded on April 29, 2022 on phantom shares the Issuer should have awarded to the reporting person on April 1, 2022 pursuant to the Deferred Compensation Plan.