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SAUL CENTERS, INC. Director's Dealing 2017

May 9, 2017

32170_dirs_2017-05-09_c05ba6c4-b678-40f8-be8f-cdddb13b28b4.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: 2017-05-05

Reporting Person: Kearns Christine Nicolaides (Executive Vice President)

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2017-05-05 Employee Stock Option $59.41 A 25000 Acquired 2027-05-05 Common Stock (25000.0) Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Employee Stock Option $51.07 2025-05-08 Common Shares (20000.0) 20000 Direct
Employee Stock Option $57.74 2026-05-06 Common Stock (25000.0) 25000 Direct

Footnotes

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