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SAUL CENTERS, INC. Director's Dealing 2014

Nov 11, 2014

32170_dirs_2014-11-10_de4a7632-f2bb-4c90-9864-8c0e80e7c729.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: 2014-11-06

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

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2014-11-06 Common Shares M 3000 $33.22 Acquired 11397.38 Direct
2014-11-06 Common Shares S 3000 $55.3066 Disposed 8397.38 Direct
2014-11-10 Common Shares M 5134 $33.22 Acquired 13531.38 Direct
2014-11-10 Common Shares S 5134 $55.127 Disposed 8397.38 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2014-11-10 Employee Stock Option $33.22 M 5134 Disposed 2015-05-06 Common Stock (5134.0) Direct
2014-11-06 Employee Stock Option $33.22 M 3000 Disposed 2015-05-06 Common Stock (3000.0) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Shares 494.471 Indirect
Common Shares 494.471 Indirect
Common Shares 527.95 Indirect
Common Shares 515.606 Indirect
Series C Preferred Stock 3000 Direct
Common Shares 7953.90 Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Employee Stock Option $54.17 2017-04-27 Common Stock (15000.0) 15000 Direct
Employee Stock Option $41.82 2021-05-13 Common Stock (15000.0) 15000 Direct
Employee Stock Option $39.29 2022-05-04 Common Stock (15000.0) 15000 Direct
Employee Stock Option $44.42 2023-05-10 Common Stock (20000.0) 20000 Direct
Employee Stock Option $47.03 2024-05-09 Common Shares (20000.0) 20000 Direct

Footnotes

F1: Balance increased by October 31, 2014 Dividend Reinvestment Plan award of 3.724 shares.

F2: Balance increased by October 31, 2014 Dividend Reinvestment Plan award of 3.976 shares.

F3: Balance increased by October 31, 2014 Dividend Reinvestment Plan award of 3.883 shares.

F4: Effective April 1, 2009, shares formerly held by the B.F. Saul Company Employees' Profit Sharing Reinvestment Trust were distributed to the individual 401(k) plan accounts of participants. The number of shares reported represents the reporting person's beneficial ownership interest in the Saul Centers stock fund of the 401(k) plan.

F5: The options will vest 25% per year over four years from the date of grant.

F6: The options vest 25% per year over four years from the date of grant.