Joel Albert Friedman - 12 May 2023 Form 4 Insider Report for SAUL CENTERS, INC. (BFS)

Role
Sr. VP, CAO & Treasurer
Signature
/s/ Carlos L. Heard, by Power of Attorney
Issuer symbol
BFS
Transactions as of
12 May 2023
Net transactions value
$0
Form type
4
Filing time
16 May 2023, 18:39:50 UTC
Previous filing
17 May 2022
Next filing
21 May 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding BFS Common Shares 12,338 12 May 2023 401K F1
holding BFS Series E Preferred Stock 200 12 May 2023 Direct
holding BFS Series D Preferred Stock 100 12 May 2023 Direct
holding BFS Common Shares 130 12 May 2023 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
transaction BFS Employee Stock Option Award $0 +20,000 $0.000000 20,000 12 May 2023 Common Stock 20,000 $33.79 Direct F3
holding BFS Employee Stock Option 10,000 12 May 2023 Common Stock 10,000 $47.03 Direct F3
holding BFS Employee Stock Option 10,000 12 May 2023 Common Stock 10,000 $51.07 Direct F3
holding BFS Employee Stock Option 10,000 12 May 2023 Common Stock 10,000 $57.74 Direct F3
holding BFS Employee Stock Option 10,000 12 May 2023 Common Stock 10,000 $59.41 Direct F3
holding BFS Employee Stock Option 10,000 12 May 2023 Common Stock 10,000 $49.46 Direct F3
holding BFS Employee Stock Option 15,000 12 May 2023 Common Stock 15,000 $55.71 Direct F3
holding BFS Employee Stock Option 20,000 12 May 2023 Common Stock 20,000 $50.00 Direct F3
holding BFS Employee Stock Option 20,000 12 May 2023 Common Stock 20,000 $43.89 Direct F3
holding BFS Employee Stock Option 20,000 12 May 2023 Common Stock 20,000 $47.90 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Effective April 1, 2009, shares formerly held by the B.F. Saul Company Employees' Profit Sharing Reinvestment Trust were distributed to the individual 401(k) plan accounts of participants. The number of shares reported represents the reporting person's beneficial ownership interest in the Saul Centers stock fund of the 401(k) plan.
F2 Balance increased by July 29, 2022 Dividend Reinvestment Plan award, October 31, 2022, January 31, 2023 award and April 28, 2023 award of 7.256 shares combined.
F3 The options vest 25% per year over four years from the date of grant.