SAUL CENTERS, INC. — Director's Dealing 2020

Apr 28, 2020

SEC Form 4/A — Form 4/A

Issuer: SAUL CENTERS, INC. (BFS)
CIK: 0000907254
Period of Report: 2020-04-24

Reporting Person: Friedman Joel Albert (Sr. V.P./Chief Acctng Officer)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	10145.013	Indirect
Common Shares	108.205	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option	$41.82	2021-05-13	Common Stock (5000.0)	5000	Direct
Employee Stock Option	$44.42	2023-05-10	Common Stock (10000.0)	10000	Direct
Employee Stock Option	$47.03	2024-05-09	Common Stock (10000.0)	10000	Direct
Employee Stock Option	$51.07	2025-05-08	Common Stock (10000.0)	10000	Direct
Employee Stock Option	$57.74	2026-05-06	Common Stock (10000.0)	10000	Direct
Employee Stock Option	$59.41	2027-05-05	Common Stock (10000.0)	10000	Direct
Employee Stock Option	$49.46	2028-05-11	Common Stock (10000.0)	10000	Direct
Employee Stock Option	$55.71	2029-05-03	Common Stock (15000.0)	15000	Direct
Employee Stock Option	$50.0	2030-04-24	Common Stock (20000.0)	20000	Direct

Footnotes

F1: 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.

F2: The options vest 25% per year over four years from the date of grant.

F3: This Form 4 Amendment amends and restates in its entirety the Form 4 originally filed by the reporting person on April 28, 2020 (Original Form 4). No other changes have been made to the Original Form 4.