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SAUL CENTERS, INC. — Director's Dealing 2024
May 22, 2024
32170_dirs_2024-05-21_fd147f78-cecf-4608-b89a-dbf309546d57.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: 2024-05-17
Reporting Person: CHAPOTON JOHN E (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-05-17 | Common Stock | A | 2000 | — | Acquired | 9466.078 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Director Stock Option | $51.07 | 2025-05-08 | Common Stock (2500) | 2500 | Direct |
| Director Stock Option | $57.74 | 2026-05-06 | Common Stock (2500) | 2500 | Direct |
| Director Stock Option | $59.41 | 2027-05-05 | Common Stock (2500) | 2500 | Direct |
| Director Stock Option | $49.46 | 2028-05-11 | Common Stock (2500) | 2500 | Direct |
| Director Stock Option | $55.71 | 2029-05-03 | Common Stock (2500) | 2500 | Direct |
| Director Stock Option | $50 | 2030-04-24 | Common Stock (2500) | 2500 | Direct |
| Director Stock Option | $43.89 | 2031-05-07 | Common Stock (2500) | 2500 | Direct |
| Director Stock Option | $47.90 | 2032-05-13 | Common Stock (2500) | 2500 | Direct |
| Director Stock Option | $33.79 | 2033-05-12 | Common Stock (2500) | 2500 | Direct |
| Phantom Stock | $ | Common Stock (24045.973) | 24045.973 | Direct |
Footnotes
F1: Represents restricted shares of Common Stock. Such shares vest on the first three anniversaries of May 17, 2024 in equal annual installments, assuming continued service.
F2: Pursuant to the issuer's Deferred Compensation Plan under its 2004 Stock Plan and the Deferred Fee Agreement executed by the reporting person, the reporting person has elected to defer receipt of his director's fees, and receive phantom stock, the amount of which is calculated as the quotient of the dollar value of fees deferred, divided by the fair market value of the issuer's shares on the date the phantom stock is received.
F3: 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.
F4: The conversion of phantom stock into shares of the issuer's common stock is governed pursuant to terms of the issuer's Deferred Compensation Plan under its 2004 Stock Plan, as amended, and the reporting person's Deferred Fee Agreement.
F5: 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.
F6: 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.
F7: Includes 397.408 shares awarded April 30, 2024 as dividend reinvestments on shares of phantom stock held by the reporting person pursuant to the Deferred
Compensation Plan.