Charles W. Sherren Jr - May 12, 2023 Form 4 Insider Report for SAUL CENTERS, INC. (BFS)

Role
Sr. VP- Property Management
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, 06:42 PM
Previous filing
May 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding BFS Common Shares 13.6K May 12, 2023 401K F1
holding BFS Common Shares 844 May 12, 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 +10K $0.00 10K May 12, 2023 Common Stock 10K $33.79 Direct F3
holding BFS Employee Stock Option 10K May 12, 2023 Common Stock 10K $47.03 Direct F3
holding BFS Employee Stock Option 10K May 12, 2023 Common Stock 10K $51.07 Direct F3
holding BFS Employee Stock Option 10K May 12, 2023 Common Stock 10K $57.74 Direct F3
holding BFS Employee Stock Option 10K May 12, 2023 Common Stock 10K $59.41 Direct F3
holding BFS Employee Stock Option 10K May 12, 2023 Common Stock 10K $49.46 Direct F3
holding BFS Employee Stock Option 10K May 12, 2023 Common Stock 10K $55.71 Direct F3
holding BFS Employee Stock Option 10K May 12, 2023 Common Stock 10K $50.00 Direct F3
holding BFS Employee Stock Option 10K May 12, 2023 Common Stock 10K $43.89 Direct F3
holding BFS Employee Stock Option 10K May 12, 2023 Common Stock 10K $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 award, January 31, 2023 award and April 28, 2023 award of 9.260 shares, 11.986 shares, 11.763 shares, and 14.029 shares, respectively.
F3 The options vest 25% per year over four years from the date of grant.