SAUL CENTERS, INC. — Director's Dealing 2021

May 11, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SAUL CENTERS, INC. (BFS)
CIK: 0000907254
Period of Report: 2021-05-07

Reporting Person: Garland Judith K. (SVP, Office and Retail)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-05-07	Employee Stock Option	$43.89	A	5000	Acquired	2031-05-07	Common Stock (5000.0)	Direct

Footnotes

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