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SAUL CENTERS, INC. Director's Dealing 2023

May 11, 2023

32170_dirs_2023-05-11_b72b8eba-8a24-4f4a-b36c-d66a29f2fc2b.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: 2023-05-09

Reporting Person: Heard Carlos Lawrence (Senior Vice President & CFO)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2023-05-09 Common Shares P 100 $32.75 Acquired 205.71 Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Employee Stock Option $43.89 2031-05-07 Common Stock (10000.0) 10000 Direct
Employee Stock Option $47.9 2032-05-13 Common Stock (15000.0) 15000 Direct

Footnotes

F1: Balance increased by July 29, 2022 Dividend Reinvestment Plan award, October 31, 2022 award, January 31, 2023 award and April 28, 2023 award of 1.13 shares, 1.45 shares, 1.43 shares and 1.70 shares, respectively.

F2: The options vest 25% per year over four years from the date of grant.