Willoughby B. Laycock - Apr 3, 2023 Form 4 Insider Report for SAUL CENTERS, INC. (BFS)

Role
SVP-Res. Marketing Initiatives, Director
Signature
/s/ Carlos L. Heard, by Power of Attorney
Stock symbol
BFS
Transactions as of
Apr 3, 2023
Transactions value $
$6,200
Form type
4
Date filed
4/4/2023, 03:51 PM
Previous filing
Jan 5, 2023
Next filing
May 16, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding BFS Common Stock 298 Apr 3, 2023 Spouse-401K F1, F2
holding BFS Common Stock 294 Apr 3, 2023 Spouse F3, F4
holding BFS Common Stock 484 Apr 3, 2023 Self-Trust F5, F6
holding BFS Common Stock 1.85K Apr 3, 2023 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 $6.2K +160 +5.65% $38.71 3K Apr 3, 2023 Common Stock 160 Direct F7, F8, F9
holding BFS Employee Stock Option 5K Apr 3, 2023 Common Stock 5K $55.71 Direct F10
holding BFS Director Stock Option 2.5K Apr 3, 2023 Common Stock 2.5K $55.71 Direct
holding BFS Employee Stock Option 10K Apr 3, 2023 Common Stock 10K $50.00 Direct F10
holding BFS Director Stock Option 2.5K Apr 3, 2023 Common Stock 2.5K $50.00 Direct
holding BFS Employee Stock Option 10K Apr 3, 2023 Common Stock 10K $43.89 Direct F10
holding BFS Director Stock Option 2.5K Apr 3, 2023 Common Stock 2.5K $43.89 Direct
holding BFS Employee Stock Option 10K Apr 3, 2023 Common Stock 10K $47.90 Direct F10
holding BFS Director Stock Option 2.5K Apr 3, 2023 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 Balance increased by January 31, 2023 Dividend Reinvestment Plan award of 4.216 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 January 31, 2023 Dividend Reinvestment Plan award of 4.164 shares.
F4 Shares owned directly by the reporting person's spouse. The reporting person disclaims beneficial ownership of these shares.
F5 Balance increased by January 31, 2023 Dividend Reinvestment Plan award of 6.851 shares.
F6 Shares held in a trust, of which the reporting person is the sole beneficiary.
F7 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.
F8 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.
F9 Includes 40.191 shares ($41.0552/share) awarded January 31, 2023 as dividend reinvestments on shares of phantom stock held by the reporting person pursuant to the Deferred Compensation Plan.
F10 The options vest 25% per year over four years from the date of grant.