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SAUL CENTERS, INC. Director's Dealing 2014

May 13, 2014

32170_dirs_2014-05-13_50017bc9-4262-4995-9197-f798fce6795a.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: 2014-05-09

Reporting Person: Connors Patrick T. (Sr Vice President-Finance)

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2014-05-09 Employee Stock Option $47.03 A 10000 Acquired 2024-05-09 Common Shares (10000.0) Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Employee Stock Option $41.82 2021-05-13 Common Stock (2500.0) 2500 Direct
Employee Stock Option $39.29 2022-05-04 Common Stock (5625.0) 5625 Direct
Employee Stock Option $44.42 2023-05-10 Common Stock (10000.0) 10000 Direct

Footnotes

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