SHERREN CHARLES W JR 4

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

Form 4

Period: 2023-05-12

Sr. Vice President-Management

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)

Holdings

Employee Stock Option
Exercise: $49.46From: 2018-05-11Exp: 2028-05-11→ Common Stock (10,000 underlying)
10,000
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
Common Shares
(indirect: By 401(k))
13,604
Employee Stock Option
Exercise: $51.07From: 2015-05-08Exp: 2025-05-08→ Common Stock (10,000 underlying)
10,000
Employee Stock Option
Exercise: $57.74From: 2016-05-06Exp: 2026-05-06→ Common Stock (10,000 underlying)
10,000
Employee Stock Option
Exercise: $59.41From: 2017-05-05Exp: 2027-05-05→ Common Stock (10,000 underlying)
10,000
Employee Stock Option
Exercise: $55.71From: 2019-05-03Exp: 2029-05-03→ 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
Employee Stock Option
Exercise: $47.03From: 2014-05-09Exp: 2024-05-09→ Common Stock (10,000 underlying)
10,000
Common Shares
844.326

Footnotes (3)

[F1]Effective April 1, 2009, shares formerly held by the B.F. Saul Company Employees' Profit Sharing Reinvestment Trust were distributed to the individual 401(k) plan accounts of participants. The number of shares reported represents the reporting person's beneficial ownership interest in the Saul Centers stock fund of the 401(k) plan.
[F2]Balance increased by July 29, 2022 Dividend Reinvestment Plan award, October 31, 2022 award, January 31, 2023 award and April 28, 2023 award of 9.260 shares, 11.986 shares, 11.763 shares, and 14.029 shares, respectively.
[F3]The options vest 25% per year over four years from the date of grant.

Documents

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