Mark Sullivan III - 17 May 2024 Form 4 Insider Report for SAUL CENTERS, INC. (BFS)

Role
Director
Signature
/s/ Carlos L. Heard, by Power of Attorney
Issuer symbol
BFS
Transactions as of
17 May 2024
Net transactions value
$0
Form type
4
Filing time
21 May 2024, 20:12:51 UTC
Previous filing
16 May 2023
Next filing
13 May 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BFS Common Stock Award $0 +2,000 +45% $0.000000 6,400 17 May 2024 Direct F4, F5
holding BFS Common Stock 800 17 May 2024 Co-trustee of Trust F1
holding BFS Common Stock 8,510 17 May 2024 Direct F2
holding BFS Common Stock 1,463 17 May 2024 Direct 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
holding BFS Director Stock Option 2,500 17 May 2024 Common Stock 2,500 $51.07 Direct
holding BFS Director Stock Option 2,500 17 May 2024 Common Stock 2,500 $57.74 Direct
holding BFS Director Stock Option 2,500 17 May 2024 Common Stock 2,500 $59.41 Direct
holding BFS Director Stock Option 2,500 17 May 2024 Common Stock 2,500 $49.46 Direct
holding BFS Director Stock Option 2,500 17 May 2024 Common Stock 2,500 $55.71 Direct
holding BFS Director Stock Option 2,500 17 May 2024 Common Stock 2,500 $50.00 Direct
holding BFS Director Stock Option 2,500 17 May 2024 Common Stock 2,500 $43.89 Direct
holding BFS Director Stock Option 2,500 17 May 2024 Common Stock 2,500 $47.90 Direct
holding BFS Director Stock Option 2,500 17 May 2024 Common Stock 2,500 $33.79 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Mr. Sullivan is co-trustee of the trust. The beneficiaries of the trust are his brother and his brother's children. Mr. Sullivan disclaims any beneficial ownership in the shares held by the trust.
F2 IRA
F3 SEP IRA
F4 Represents restricted shares of Common Stock. Such shares vest on the first three anniversaries of May 17, 2024 in equal annual installments, assuming continued service.
F5 Self-Direct

Remarks:

Previous beneficial ownership reports filed pursuant to Section 16(a) by the reporting person referred to the Issuer's Common Stock, par value $0.01 per share as "Common Shares." Going forward, such shares will be referred to as "Common Stock."