NOONAN PATRICK F 4

4 · SAUL CENTERS INC · Filed Sep 21, 2017

Form 4

Period: 2017-09-20

Director

Transactions

Exercise/Conversion
Common Shares
2017-09-20$44.42/sh+2,500$111,050→ 12,628.94 total
Exercise/Conversion
Stock Option
2017-09-20$47.03/sh−2,500$117,575→ 0 total
Exercise: $47.03From: 2014-05-09Exp: 2024-05-09→ Common Stock (2,500 underlying)
Exercise/Conversion
Common Shares
2017-09-20$47.03/sh+2,500$117,575→ 15,128.94 total
Sale
Common Shares
2017-09-20$61.15/sh−5,000$305,750→ 10,128.94 total
Exercise/Conversion
Stock Option
2017-09-20$44.42/sh−2,500$111,050→ 0 total
Exercise: $44.42From: 2013-05-10Exp: 2023-05-10→ Common Stock (2,500 underlying)

Holdings

Stock Option
Exercise: $57.74From: 2016-05-06Exp: 2026-05-06→ Common Stock (2,500 underlying)
2,500
Stock Option
Exercise: $59.41From: 2017-05-05Exp: 2027-05-05→ Common Stock (2,500 underlying)
2,500
Common Shares
(indirect: By Spouse)
6,016
Stock Option
Exercise: $51.07From: 2015-05-08Exp: 2025-05-08→ Common Stock (2,500 underlying)
2,500
Phantom Stock
Exercise: $59.18→ Common Stock (42,154.049 underlying)
42,154.049

Footnotes (5)

[F1]Balance increased by July 31, 2017 Dividend Reinvestment Plan award of 40.766 shares.
[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]1 for 1
[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]Includes 371.243 shares ($57.3997/share) awarded July 31, 2017 as dividend reinvestments on shares of phantom stock held by the reporting person pursuant to the issuer's Deferred Compensation Plan under its 2004 Stock Plan and shares of phantom stock issued under the issuer's Deferred Compensation Stock Plan for Directors.

Documents

2 files