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SAUL CENTERS, INC. Director's Dealing 2021

May 11, 2021

32170_dirs_2021-05-11_399ad4b5-d051-492a-906c-849c0a98e9ce.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: 2021-05-07

Reporting Person: SHERREN CHARLES W JR (Sr. VP- Property Management)

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2021-05-07 Employee Stock Option $43.89 A 10000 Acquired 2031-05-07 Common Stock (10000.0) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Shares 12338.137 Indirect
Common Shares 760.436 Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
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 (10000.0) 10000 Direct
Employee Stock Option $50.0 2030-04-24 Common Stock (10000.0) 10000 Direct

Footnotes

F1: Balance increased by April 30, 2020 Dividend Reinvestment Plan award, July 31, 2020, October 31, 2020 award, January 31, 2021 award and April 30, 2021 award of 183.991 shares, 208.864 shares, 256.043 shares, 214.927 shares, and 154.209 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 April 30, 2020 Dividend Reinvestment Plan award, July 31, 2020, October 31, 2020 award, January 31, 2021 award and April 30, 2021 award of 11.470 shares, 12.962 shares, 15.890 shares, 13.154 shares, and 9.504 shares, respectively.

F4: The options vest 25% per year over four years from the date of grant.