Christopher Netter - May 12, 2023 Form 4 Insider Report for SAUL CENTERS, INC. (BFS)

Role
Exec. Vice Pres-Retail Leasing
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, 06:41 PM
Previous filing
May 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding BFS Series E Preferred Stock 650 May 12, 2023 Direct
holding BFS Common Shares 737 May 12, 2023 Wife-IRA F1
holding BFS Common Shares 344 May 12, 2023 Direct F2
holding BFS Common Shares 1.75K May 12, 2023 401K F3

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 +25K $0.00 25K May 12, 2023 Common Stock 25K $33.79 Direct
holding BFS Employee Stock Option 15K May 12, 2023 Common Stock 15K $47.03 Direct F4
holding BFS Employee Stock Option 20K May 12, 2023 Common Stock 20K $51.07 Direct F4
holding BFS Employee Stock Option 20K May 12, 2023 Common Stock 20K $57.74 Direct F4
holding BFS Employee Stock Option 20K May 12, 2023 Common Stock 20K $59.41 Direct F4
holding BFS Employee Stock Option 20K May 12, 2023 Common Stock 20K $49.46 Direct F4
holding BFS Employee Stock Option 20K May 12, 2023 Common Stock 20K $55.71 Direct F4
holding BFS Employee Stock Option 20K May 12, 2023 Common Stock 20K $50.00 Direct F4
holding BFS Employee Stock Option 25K May 12, 2023 Common Stock 25K $43.89 Direct F4
holding BFS Employee Stock Option 25K May 12, 2023 Common Stock 25K $47.90 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Balance increased by July 29, 2022 Dividend Reinvestment Plan award, October 31, 2022, January 31, 2023 award and April 28, 2023 award of 8.079 shares, 10.458 shares, 10.263 shares and 12.240 shares, respectively.
F2 Balance increased by July 29, 2022 Dividend Reinvestment Plan award, October 31, 2022, January 31, 2023 award and April 28, 2023 award of 3.774 shares, 4.885 shares, 4.794 shares and 5.718 shares, respectively.
F3 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.
F4 The options vest 25% per year over four years from the date of grant.