JOHN E. CHAPOTON - 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, 20:12:03 UTC
Previous filing
03 Apr 2024
Next filing
02 Jul 2024
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 +27% $0.000000 9,466 17 May 2024 Direct F1

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
holding BFS Phantom Stock 24,046 17 May 2024 Common Stock 24,046 Direct F2, F3, F4, F5, F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 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.
F3 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.
F4 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.
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 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 397.408 shares awarded April 30, 2024 as dividend reinvestments on shares of phantom stock held by the reporting person pursuant to the Deferred Compensation Plan.

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."