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: NETTER CHRISTOPHER (Sr. Vice President-Leasing)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	474.592	Indirect
Common Shares	221.699	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
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	$41.82	2021-05-13	Common Stock (15000)	15000	Direct
Employee Stock Option	$39.29	2022-05-04	Common Stock (15000)	15000	Direct

Footnotes

F1: The options 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 4.118 shares, 3.977 shares and 4.065 shares, respectively.

F4: Balance increased by July 31, 2012, October 31, 2012 and January 31, 2013 Dividend Reinvestment Plan awards of 1.924 shares, 1.858 shares and 1.899 shares, respectively