SAUL CENTERS, INC. — Director's Dealing 2013

Feb 14, 2013

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: SAUL CENTERS INC (BFS)
CIK: 0000907254
Period of Report: 2012-12-31

Reporting Person: McCormick Thomas H (Sr. Vice Pres & Gen. Counsel)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	5471.740	Direct
Series A Preferred Stock	2300	Direct
Series B Preferred Stock	500	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option	$33.22	2015-05-06	Common Stock (5000)	5000	Direct
Employee Stock Option	$41.82	2021-05-13	Common Stock (10000)	10000	Direct
Employee Stock Option	$39.29	2022-05-04	Common Stock (10000)	10000	Direct

Footnotes

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

F2: Self-IRA

F3: Balance increased by July 31, 2012, October 31, 2012 and January 31, 2013 Dividend Reinvestment Plan awards of 47.474 shares, 45.856 shares and 46.871 shares, respectively.