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SAUL CENTERS, INC. Director's Dealing 2013

May 14, 2013

32170_dirs_2013-05-14_231d0d99-72ca-4531-8462-ab575e34b615.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SAUL CENTERS INC (BFS)
CIK: 0000907254
Period of Report: 2013-05-10

Reporting Person: Corey Steven N. (Senior VP - Office Leasing)

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2013-05-10 Employee Stock Option $44.42 A 20000 Acquired 2023-05-10 Common Stock (20000) Direct

Holdings (Non-Derivative)

Security Shares Ownership
No securities beneficially owned 0 Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
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.