Laycock Willoughby B. 4

4 · SAUL CENTERS, INC. · Filed May 16, 2023

Form 4

Period: 2023-05-12

DirectorSVP-Res. Design/Mrkt Research

Transactions

Award
Employee Stock Option
2023-05-12+10,000→ 10,000 total
Exercise: $33.79From: 2023-05-12Exp: 2033-05-12→ Common Stock (10,000 underlying)
Award
Common Stock
2023-05-12+200→ 2,045 total
Award
Director Stock Option
2023-05-12+2,500→ 2,500 total
Exercise: $33.79From: 2023-05-12Exp: 2033-05-12→ Common Stock (2,500 underlying)

Holdings

Director Stock Option
Exercise: $55.71From: 2019-05-03Exp: 2029-05-03→ Common Stock (2,500 underlying)
2,500
Common Stock
(indirect: By Spouse)
302.631
Phantom Stock
→ Common Stock (3,047.706 underlying)
3,047.706
Employee Stock Option
Exercise: $43.89From: 2021-05-07Exp: 2031-05-07→ Common Stock (10,000 underlying)
10,000
Employee Stock Option
Exercise: $47.90From: 2022-05-13Exp: 2032-05-13→ Common Stock (10,000 underlying)
10,000
Employee Stock Option
Exercise: $50.00From: 2020-04-24Exp: 2030-04-24→ Common Stock (10,000 underlying)
10,000
Common Stock
(indirect: By Trust)
491.778
Common Stock
(indirect: By Spouse)
298.91
Employee Stock Option
Exercise: $55.71From: 2019-05-03Exp: 2029-05-03→ Common Stock (5,000 underlying)
5,000
Director Stock Option
Exercise: $50.00From: 2020-04-24Exp: 2030-04-24→ Common Stock (2,500 underlying)
2,500
Director Stock Option
Exercise: $47.90From: 2022-05-13Exp: 2032-05-13→ Common Stock (2,500 underlying)
2,500
Director Stock Option
Exercise: $43.89From: 2021-05-07Exp: 2031-05-07→ Common Stock (2,500 underlying)
2,500

Footnotes (10)

[F1]Balance increased by April 28, 2023 Dividend Reinvestment Plan award of 5.028 shares.
[F10]The options vest 25% per year over four years from the date of grant.
[F2]Shares owned in the reporting person's spouse's 401K account. The reporting person disclaims beneficial ownership of these shares.
[F3]Balance increased by April 28, 2023 Dividend Reinvestment Plan award of 4.966 shares.
[F4]Shares owned directly by the reporting person's spouse. The reporting person disclaims beneficial ownership of these shares.
[F5]Balance increased by April 28, 2023 Dividend Reinvestment Plan award of 8.171 shares.
[F6]Shares held in a trust, of which the reporting person is the sole beneficiary.
[F7]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.
[F8]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.
[F9]Includes 50.638 shares awarded April 28, 2023 as dividend reinvestments on shares of phantom stock held by the reporting person pursuant to the Deferred Compensation Plan.

Documents

1 file