JOHN E. CHAPOTON - 01 Jul 2021 Form 4 Insider Report for SAUL CENTERS, INC. (BFS)

Role
Director
Signature
Carlos L. Heard, by Power of Attorney
Issuer symbol
BFS
Transactions as of
01 Jul 2021
Net transactions value
+$8,600
Form type
4
Filing time
02 Jul 2021, 11:16:57 UTC
Previous filing
11 May 2021
Next filing
04 Oct 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding BFS Common Shares 7,266 01 Jul 2021 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 $8,600 +185 +1% $46.41 18,602 01 Jul 2021 Common Stock 185 $46.41 Direct F1, F2, F3
holding BFS Stock Option 2,500 01 Jul 2021 Common Stock 2,500 $44.42 Direct
holding BFS Stock Option 2,500 01 Jul 2021 Common Stock 2,500 $47.03 Direct
holding BFS Stock Option 2,500 01 Jul 2021 Common Stock 2,500 $51.07 Direct
holding BFS Stock Option 2,500 01 Jul 2021 Common Stock 2,500 $57.74 Direct
holding BFS Stock Option 2,500 01 Jul 2021 Common Stock 2,500 $59.41 Direct
holding BFS Stock Option 2,500 01 Jul 2021 Common Stock 2,500 $49.46 Direct
holding BFS Stock Option 2,500 01 Jul 2021 Common Stock 2,500 $55.71 Direct
holding BFS Stock Option 2,500 01 Jul 2021 Common Stock 2,500 $50.00 Direct
holding BFS Stock Option 2,500 01 Jul 2021 Common Stock 2,500 $43.89 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to the issuer's Deferred Compensation Plan under its 2004 Stock Plan and the Deferred Fee Agreement executed by the reporting person, the reporting person has elected to defer receipt of his director's fees, and receive phantom stock, the amount of which is calculated as the quotient of the dollar value of fees deferred, divided by the fair market value of the issuer's shares on the date the phantom stock is received.
F2 1 for 1
F3 The conversion of phantom stock into shares of the issuer's common stock is governed pursuant to terms of the issuer's Deferred Compensation Plan under its 2004 Stock Plan, as amended, and the reporting person's Deferred Fee Agreement.

Remarks:

On 4/25/18 2,500 Options from the 2008 Class expired.