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SAUL CENTERS, INC. Director's Dealing 2015

May 12, 2015

32170_dirs_2015-05-12_35163e40-db7f-401b-ab71-d63be995bb02.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: 2015-05-08

Reporting Person: Kearns Christine Nicolaides (Executive Vice President)

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2015-05-08 Employee Stock Option $51.07 A 20000 Acquired 2025-05-08 Common Shares (20000.0) Direct

Footnotes

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