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SAUL CENTERS, INC. — Director's Dealing 2022
Jul 6, 2022
32170_dirs_2022-07-06_faf19acc-670d-4a0b-b817-42f78b45953c.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: 2022-07-01
Reporting Person: CLANCY GEORGE PATRICK JR (Director)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-07-01 | Phantom Stock | $ | A | 255.718 | Acquired | Common Stock (255.718) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Shares | 7552 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Director Stock Option | $44.42 | 2023-05-10 | Common Stock (2500.0) | 2500 | Direct |
| Director Stock Option | $47.03 | 2024-05-09 | Common Stock (2500.0) | 2500 | Direct |
| Director Stock Option | $51.07 | 2025-05-08 | Common Stock (2500.0) | 2500 | Direct |
| Director Stock Option | $57.74 | 2026-05-06 | Common Stock (2500.0) | 2500 | Direct |
| Director Stock Option | $59.41 | 2027-05-05 | Director Stock Option (2500.0) | 2500 | Direct |
| Director Stock Option | $49.46 | 2028-05-11 | Common Stock (2500.0) | 2500 | Direct |
| Director Stock Option | $55.71 | 2029-05-03 | Common Stock (2500.0) | 2500 | Direct |
| Director Stock Option | $50.0 | 2030-04-24 | Common Stock (2500.0) | 2500 | Direct |
| Director Stock Option | $43.89 | 2031-05-07 | Common Stock (2500.0) | 2500 | Direct |
| Director Stock Option | $47.9 | 2032-05-13 | Common Shares (2500.0) | 2500 | Direct |
Footnotes
F1: Phantom shares are issuable pursuant to the Issuer's Deferred Compensation Plan for Directors under its 2004 Stock Plan, as amended (the "Deferred Compensation Plan"). Each share of phantom stock is the economic equivalent of one share of common stock. The shares of phantom stock become payable, in cash or common stock, at the election of the reporting person, upon the reporting person's termination of service.
F2: The conversion of the phantom stock into shares of the Issuer's common stock is governed by the Deferred Compensation Plan and the reporting person's Deferred Fee Election Agreement.
F3: Includes 0.311 shares ($47.6658/share) and 0.299 shares ($50.0617/share) granted on July 1, 2022 to compensate the reporting person for lost dividend reinvestments that would have been awarded on January 31, 2022 and April 29, 2022, respectively, on phantom shares the Issuer failed to award to the reporting person on January 3, 2022 pursuant to the Deferred Compensation Plan. The Issuer awarded 25.988 phantom shares ($48.10/share) on July 1, 2022 to compensate the reporting person for these missed phantom shares.