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: COLLICH JOHN F (Sr. Vice Pres-Retail Devel.)

Holdings (Non-Derivative)

Security	Shares	Ownership
Series A Preferred Stock	3517.215	Indirect
Series A Preferred Stock	1650	Direct
Common Shares	1558.509	Indirect
Common Shares	20900.625	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option	$25.78	2014-04-26	Common Stock (3750)	3750	Direct
Employee Stock Option	$33.22	2015-05-06	Common Stock (3000)	3000	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 will vest 25% per year over four years from the date of grant.

F2: Balance increased by January 31, 2013 Dividend Reinvestment Plan award of 43.475 shares.

F3: Balance increased by January 31, 2013 Dividend Reinvestment Plan award of 13.208 shares.

F4: Balance increased by January 31, 2013 Dividend Reinvestment Plan award of 179.036 shares.