Willoughby B. Laycock - Jul 3, 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
Stock symbol
BFS
Transactions as of
Jul 3, 2023
Transactions value $
$0
Form type
4/A - Amendment
Date filed
9/7/2023, 03:16 PM
Date Of Original Report
Jul 5, 2023
Previous filing
May 16, 2023
Next filing
Oct 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding BFS Common Stock 303 Jul 3, 2023 Spouse-401K F1
holding BFS Common Stock 299 Jul 3, 2023 Spouse F2
holding BFS Common Stock 0 Jul 3, 2023 Self-Trust F3
holding BFS Common Stock 2.05K Jul 3, 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 3.25K Jul 3, 2023 Common Stock 3.25K Direct F4, F5
holding BFS Employee Stock Option 5K Jul 3, 2023 Common Stock 5K $55.71 Direct F6
holding BFS Director Stock Option 2.5K Jul 3, 2023 Common Stock 2.5K $55.71 Direct
holding BFS Employee Stock Option 10K Jul 3, 2023 Common Stock 10K $50.00 Direct F6
holding BFS Director Stock Option 2.5K Jul 3, 2023 Common Stock 2.5K $50.00 Direct
holding BFS Employee Stock Option 10K Jul 3, 2023 Common Stock 10K $43.89 Direct F6
holding BFS Director Stock Option 2.5K Jul 3, 2023 Common Stock 2.5K $43.89 Direct
holding BFS Employee Stock Option 10K Jul 3, 2023 Common Stock 10K $47.90 Direct F6
holding BFS Director Stock Option 2.5K Jul 3, 2023 Common Stock 2.5K $47.90 Direct
holding BFS Director Stock Option 2.5K Jul 3, 2023 Common Stock 2.5K $33.79 Direct
holding BFS Employee Stock Option 10K Jul 3, 2023 Common Stock 10K $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.