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SAUL CENTERS, INC. Director's Dealing 2015

Dec 11, 2015

32170_dirs_2015-12-10_da8a7285-0ae3-4e5f-8343-26b056ed2736.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: 2015-12-09

Reporting Person: WHITMORE JOHN R (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-12-09	Common Stock	M	2500	$50.15	Acquired	2900	Direct
2015-12-09	Common Stock	M	2500	$47.03	Acquired	5400	Direct
2015-12-09	Common Stock	M	2500	$51.07	Acquired	7900	Direct
2015-12-09	Common Stock	S	7500	$53.45	Disposed	400	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-12-09	Stock Option	$50.15	M	2500	Disposed	2018-04-25	Common Stock (2500.0)	Direct
2015-12-09	Stock Option	$47.03	M	2500	Disposed	2024-05-09	Common Shares (2500.0)	Direct
2015-12-09	Stock Option	$51.07	M	2500	Disposed	2025-05-08	Common Shares (2500.0)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option	$54.17	2017-04-27	Common Stock (2500.0)	2500	Direct