Willoughby B. Laycock - 03 Jul 2023 Form 4/A - Amendment Insider Report for SAUL CENTERS, INC. (BFS)

Role
SVP-Res. Design/Mrkt Research, Director
Signature
/s/ Carlos L. Heard, by Power of Attorney
Issuer symbol
BFS
Transactions as of
03 Jul 2023
Net transactions value
$0
Form type
4/A - Amendment
Filing time
07 Sep 2023, 15:16:41 UTC
Date Of Original Report
05 Jul 2023
Previous filing
16 May 2023
Next filing
04 Oct 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding BFS Common Stock 303 03 Jul 2023 Spouse-401K F1
holding BFS Common Stock 299 03 Jul 2023 Spouse F2
holding BFS Common Stock 0 03 Jul 2023 Self-Trust F3
holding BFS Common Stock 2,045 03 Jul 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
holding BFS Phantom Stock 3,247 03 Jul 2023 Common Stock 3,247 Direct F4, F5
holding BFS Employee Stock Option 5,000 03 Jul 2023 Common Stock 5,000 $55.71 Direct F6
holding BFS Director Stock Option 2,500 03 Jul 2023 Common Stock 2,500 $55.71 Direct
holding BFS Employee Stock Option 10,000 03 Jul 2023 Common Stock 10,000 $50.00 Direct F6
holding BFS Director Stock Option 2,500 03 Jul 2023 Common Stock 2,500 $50.00 Direct
holding BFS Employee Stock Option 10,000 03 Jul 2023 Common Stock 10,000 $43.89 Direct F6
holding BFS Director Stock Option 2,500 03 Jul 2023 Common Stock 2,500 $43.89 Direct
holding BFS Employee Stock Option 10,000 03 Jul 2023 Common Stock 10,000 $47.90 Direct F6
holding BFS Director Stock Option 2,500 03 Jul 2023 Common Stock 2,500 $47.90 Direct
holding BFS Director Stock Option 2,500 03 Jul 2023 Common Stock 2,500 $33.79 Direct
holding BFS Employee Stock Option 10,000 03 Jul 2023 Common Stock 10,000 $33.79 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares owned in the reporting person's spouse's 401K account. The reporting person disclaims beneficial ownership of these shares.
F2 Shares owned directly by the reporting person's spouse. The reporting person disclaims beneficial ownership of these shares.
F3 This amendment is being filed to correct the previously overstated amount of common shares owned by the reporting person that inadvertently included shares of common stock held in trust for which the reporting person is a beneficiary.
F4 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.
F5 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.
F6 The options vest 25% per year over four years from the date of grant.