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SAUL CENTERS, INC. Director's Dealing 2010

Feb 18, 2010

32170_dirs_2010-02-18_6952af48-d6f1-493a-9edd-2745f8857be9.zip

Director's Dealing

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SEC Form 5/A — Form 5/A

Issuer: SAUL CENTERS INC (BFS)
CIK: 0000907254
Period of Report: 2009-12-31

Reporting Person: SCHNEIDER SCOTT V (Sr. Vice President-CFO)

Holdings (Non-Derivative)

Security Shares Ownership
Common Shares 7397.3804 Direct
Common Shares 419.217 Indirect
Common Shares 419.217 Indirect
Common Shares 447.601 Indirect
Common Shares 437.136 Indirect
Series B Preferred Stock 2500 Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Employee Stock Option $24.91 2013-05-23 Common Stock (12000) 12000 Direct
Employee Stock Option $33.22 2015-05-06 Common Stock (15000) 15000 Direct
Employee Stock Option $54.17 2017-04-27 Common Stock (15000) 15000 Direct
Employee Stock Option $25.78 2014-04-26 Common Stock (12500) 12500 Direct

Footnotes

F1: The options will vest 25% per year over four years from the date of grant.

F2: Balance increased by April 30, 2009, July 31, 2009, October 30, 2009 and January 29, 2010 Dividend Reinvestment Plan awards of 4.986 shares, 4.777 shares, 4.926 shares and 4.320, respectively.

F3: Balance increased by April 30, 2009, July 31, 2009, October 30, 2009 and January 29, 2010 Dividend Reinvestment Plan awards of 5.324 shares, 5.100 shares, 5.260 shares and 4.612, respectively.

F4: Balance increased by April 30, 2009, July 31, 2009, October 30, 2009 and January 29, 2010 Dividend Reinvestment Plan awards of 5.199 shares, 4.981 shares, 5.137 shares and 4.505, respectively.

F5: Balance increased by April 30, 2009, July 31, 2009, October 30, 2009 and January 29, 2010 Dividend Reinvestment Plan awards of 4.986 shares, 4.777 shares, 4.926 shares and 4.320, respectively.