Philip D. Caraci - May 12, 2023 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
May 12, 2023
Transactions value $
$0
Form type
4
Date filed
5/16/2023, 06:37 PM
Previous filing
Jul 6, 2022
Next filing
May 21, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BFS Common Shares Award $0 +200 +0.41% $0.00 49.4K May 12, 2023 Direct
holding BFS Common Shares 20.6K May 12, 2023 Wife's-Trust
holding BFS Common Shares 2.6K May 12, 2023 Wife's IRA
holding BFS Common Shares 53.2K May 12, 2023 Self-Trust F1

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 Stock Option Award $0 +2.5K $0.00 2.5K May 12, 2023 Common Stock 2.5K $33.79 Direct
holding BFS Phantom Stock 32K May 12, 2023 Common Stock 32K Direct F2, F3, F4
holding BFS Stock Option 2.5K May 12, 2023 Common Stock 2.5K $47.03 Direct
holding BFS Stock Option 2.5K May 12, 2023 Common Stock 2.5K $51.07 Direct
holding BFS Stock Option 2.5K May 12, 2023 Common Stock 2.5K $57.74 Direct
holding BFS Stock Option 2.5K May 12, 2023 Common Stock 2.5K $59.41 Direct
holding BFS Stock Option 2.5K May 12, 2023 Common Stock 2.5K $49.46 Direct
holding BFS Stock Option 2.5K May 12, 2023 Common Stock 2.5K $55.71 Direct
holding BFS Stock Option 2.5K May 12, 2023 Common Stock 2.5K $50.00 Direct
holding BFS Stock Option 2.5K May 12, 2023 Common Stock 2.5K $43.89 Direct
holding BFS Stock Option 2.5K May 12, 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 Self-Trust. Reporting person is a Trustee
F2 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.
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 a combined 1,782.794 shares awarded as as dividend reinvestments on shares of phantom stock held by the reporting person pursuant to the issuer's Deferred Compensation Plan under its 2004 Stock Plan and shares of phantom stock issued under the issuer's Deferred Compensation Stock Plan for Directors July 29, 2022, October 31, 2022, January 31, 2023 and April 28, 2023.