SAUL CENTERS, INC. — Director's Dealing 2019

Oct 18, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SAUL CENTERS INC (BFS)
CIK: 0000907254
Period of Report: 2019-10-17

Reporting Person: SCHNEIDER SCOTT V (Executive Vice President-CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-10-17	Series C Preferred Stock	J	4000	$25	Disposed	0	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	626.111	Indirect
Common Shares	611.472	Indirect
Series D Preferred Stock	2000	Indirect
Common Shares	7233.76	Indirect
Common Shares	9398.34	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option	$44.42	2023-05-10	Common Stock (3500.0)	3500	Direct
Employee Stock Option	$47.03	2024-05-09	Common Stock (20000.0)	20000	Direct
Employee Stock Option	$51.07	2025-05-08	Common Stock (20000.0)	20000	Direct
Employee Stock Option	$57.74	2026-05-06	Common Stock (20000.0)	20000	Direct
Employee Stock Option	$59.41	2027-05-05	Common Stock (20000.0)	20000	Direct
Employee Stock Option	$49.46	2028-05-11	Common Stock (20000.0)	20000	Direct
Employee Stock Option	$55.71	2029-05-03	Common Stock (20000.0)	20000	Direct

Footnotes

F1: Balance increased by July 31, 2019 Dividend Reinvestment Plan award of 6.124 shares.

F2: Balance increased by July 31, 2019 Dividend Reinvestment Plan award of 5.981 shares.

F3: Balance increased by July 31, 2019 Dividend Reinvestment Plan award of 70.449 shares.

F4: Effective April 1, 2009, shares formerly held by the B.F. Saul Company Employees' Profit Sharing Reinvestment Trust were distributed to the individual 401(k) plan accounts of participants. The number of shares reported represents the reporting person's beneficial ownership interest in the Saul Centers stock fund of the 401(k) plan.

F5: All shares owned by the reporting person were fully redeemed on 10/17/19.

F6: The options vest 25% per year over four years from the date of grant.