SAUL CENTERS, INC. — Director's Dealing 2022

Dec 22, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SAUL CENTERS, INC. (BFS)
CIK: 0000907254
Period of Report: 2022-12-20

Reporting Person: COLLICH JOHN F (Sr. VP, Chief Acq. & Dev. Off.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-12-20	Series E Preferred Stock	A	872.691	$19.30	Acquired	872.691	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	2316	Indirect
Common Shares	35916	Direct
Common Shares	1791	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option	$44.42	2023-05-10	Common Stock (5000.0)	5000	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 (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
Employee Stock Option	$50.0	2030-04-24	Common Stock (20000.0)	20000	Direct
Employee Stock Option	$43.89	2031-05-07	Common Stock (20000.0)	20000	Direct
Employee Stock Option	$47.9	2032-05-13	Common Shares (20000.0)	20000	Direct

Footnotes

F1: Balance increased by July 29, 2022 Dividend Reinvestment Plan award and October 31, 2022 award of 26 shares and 33 shares, respectively.

F2: Balance increased by July 29, 2022 Dividend Reinvestment Plan award and October 31, 2022 award of 405 shares and 525 shares, respectively.

F3: Balance increased by July 29, 2022 Dividend Reinvestment Plan award and October 31, 2022 award of 20 shares and 26 shares, respectively.

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