Willoughby B. Laycock - 02 Oct 2023 Form 4 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
02 Oct 2023
Net transactions value
+$6,200
Form type
4
Filing time
04 Oct 2023, 10:08:43 UTC
Previous filing
07 Sep 2023
Next filing
04 Jan 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding BFS Common Stock 307 02 Oct 2023 Spouse-401K F1, F2
holding BFS Common Stock 304 02 Oct 2023 Spouse F3, F4
holding BFS Common Stock 2,045 02 Oct 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
transaction BFS Phantom Stock Award $6,200 +179 +5.4% $34.63 3,477 02 Oct 2023 Common Stock 179 Direct F5, F6, F7
holding BFS Employee Stock Option 5,000 02 Oct 2023 Common Stock 5,000 $55.71 Direct F8
holding BFS Director Stock Option 2,500 02 Oct 2023 Common Stock 2,500 $55.71 Direct
holding BFS Employee Stock Option 10,000 02 Oct 2023 Common Stock 10,000 $50.00 Direct F8
holding BFS Director Stock Option 2,500 02 Oct 2023 Common Stock 2,500 $50.00 Direct
holding BFS Employee Stock Option 10,000 02 Oct 2023 Common Stock 10,000 $43.89 Direct F8
holding BFS Director Stock Option 2,500 02 Oct 2023 Common Stock 2,500 $43.89 Direct
holding BFS Employee Stock Option 10,000 02 Oct 2023 Common Stock 10,000 $47.90 Direct F8
holding BFS Director Stock Option 2,500 02 Oct 2023 Common Stock 2,500 $47.90 Direct
holding BFS Director Stock Option 2,500 02 Oct 2023 Common Stock 2,500 $33.79 Direct
holding BFS Employee Stock Option 10,000 02 Oct 2023 Common Stock 10,000 $33.79 Direct F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Balance increased by July 31, 2023 Dividend Reinvestment Plan award of 4.730 shares.
F2 Shares owned in the reporting person's spouse's 401K account. The reporting person disclaims beneficial ownership of these shares.
F3 Balance increased by July 31, 2023 Dividend Reinvestment Plan award of 4.672 shares.
F4 Shares owned directly by the reporting person's spouse. The reporting person disclaims beneficial ownership of these shares.
F5 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.
F6 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.
F7 Includes 50.750 shares awarded July 31, 2023 as dividend reinvestments on shares of phantom stock held by the reporting person pursuant to the Deferred Compensation Plan.
F8 The options vest 25% per year over four years from the date of grant.