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SAUL CENTERS, INC. — Director's Dealing 2016
Jun 1, 2016
32170_dirs_2016-06-01_b90b24ad-baa9-4ed3-8caf-06912fcf0fd6.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: 2016-05-31
Reporting Person: JACKSON PHILIP C JR (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-05-31 | Common Shares | M | 2500 | $54.17 | Acquired | 48600 | Direct |
| 2016-05-31 | Common Shares | M | 2500 | $50.15 | Acquired | 51100 | Direct |
| 2016-05-31 | Common Shares | M | 2500 | $32.68 | Acquired | 53600 | Direct |
| 2016-05-31 | Common Shares | M | 2500 | $38.76 | Acquired | 56100 | Direct |
| 2016-05-31 | Common Shares | M | 2500 | $41.82 | Acquired | 58600 | Direct |
| 2016-05-31 | Common Shares | M | 2500 | $39.29 | Acquired | 61100 | Direct |
| 2016-05-31 | Common Shares | M | 2041 | $44.42 | Acquired | 63141 | Direct |
| 2016-05-31 | Common Shares | S | 17041 | $56.42 | Disposed | 46100 | Direct |
| 2016-05-31 | Common Shares | M | 17 | $44.42 | Acquired | 46117 | Direct |
| 2016-05-31 | Common Shares | S | 17 | $56.75 | Disposed | 46100 | Direct |
| 2016-06-01 | Common Shares | M | 442 | $44.42 | Acquired | 46542 | Direct |
| 2016-06-01 | Common Shares | M | 2500 | $47.03 | Acquired | 49042 | Direct |
| 2016-06-01 | Common Shares | S | 2942 | $56.31 | Disposed | 46100 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-05-31 | Stock Option | $54.17 | M | 2500 | Disposed | 2017-04-27 | Common Stock (2500.0) | Direct |
| 2016-05-31 | Stock Option | $50.15 | M | 2500 | Disposed | 2018-04-25 | Common Stock (2500.0) | Direct |
| 2016-05-31 | Stock Option | $32.68 | M | 2500 | Disposed | 2019-04-24 | Common Stock (2500.0) | Direct |
| 2016-05-31 | Stock Option | $38.76 | M | 2500 | Disposed | 2020-05-07 | Common Stock (2500.0) | Direct |
| 2016-05-31 | Stock Option | $41.82 | M | 2500 | Disposed | 2021-05-13 | Common Stock (2500.0) | Direct |
| 2016-05-31 | Stock Option | $39.29 | M | 2500 | Disposed | 2022-05-04 | Common Stock (2500.0) | Direct |
| 2016-05-31 | Stock Option | $44.42 | M | 2041 | Disposed | 2023-05-10 | Common Stock (2041.0) | Direct |
| 2016-05-31 | Stock Option | $44.42 | M | 17 | Disposed | 2023-05-10 | Common Stock (17.0) | Direct |
| 2016-06-01 | Stock Option | $44.42 | M | 442 | Disposed | 2023-05-10 | Common Stock (442.0) | Direct |
| 2016-06-01 | Stock Option | $47.03 | M | 2500 | Disposed | 2024-05-09 | Common Stock (2500.0) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Shares | 2800 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Phantom Stock | $53.19 | Common Stock (25041.064) | 25041.064 | Direct | |
| Stock Option | $40.35 | 2016-05-01 | Common Stock (2500.0) | 0 | Direct |
| Stock Option | $51.07 | 2025-05-08 | Common Stock (2500.0) | 2500 | Direct |
| Stock Option | $57.74 | 2026-05-06 | Common Stock (2500.0) | 2500 | Direct |
Footnotes
F1: Pursuant to the issuer's Deferred Compensation Plan under its 2004 Stock Plan and the Deferred Fee Agreement executed by the reporting person, the reporting person has elected to defer receipt of his director's fees, and receive phantom stock, the amount of which is calculated as the quotient of the dollar value of fees deferred, divided by the fair market value of the issuer's shares on the date the phantom stock is received.
F2: 1 for 1
F3: The conversion of phantom stock into shares of the issuer's common stock is governed pursuant to terms of the issuer's Deferred Compensation Plan under its 2004 Stock Plan, as amended, and the reporting person's Deferred Fee Agreement.