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SAUL CENTERS, INC. — Director's Dealing 2020
Apr 28, 2020
32170_dirs_2020-04-28_878be1e4-2dde-42ce-b476-b9858ae2ba00.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: 2020-04-24
Reporting Person: Friedman Joel Albert (Sr. V.P./Chief Acctng Officer)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2020-04-24 | Director Stock Option | $50.0 | A | 20000 | Acquired | 2030-04-24 | Common Stock (20000.0) | Direct |
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 |
Footnotes
F1: Balance increased by July 31, 2019 Dividend Reinvestment Plan award, October 31, 2019 and January 31, 2020 award of 97.376 shares, 100.290 shares and 110.153 shares, respectively.
F2: 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.
F3: Balance increased by July 31, 2019 Dividend Reinvestment Plan award, October 31, 2019 and January 31, 2020 award of 1.007 shares, 1.032 shares and 1.074 shares, respectively.
F4: The options vest 25% per year over four years from the date of grant.