Laycock Willoughby B. 4

4 · SAUL CENTERS, INC. · Filed Jul 5, 2023

Form 4

Period: 2023-07-03

DirectorSVP-Res. Design/Mrkt Research

Transactions

Award
Phantom Stock
2023-07-03$37.14/sh+199.246$7,400→ 3,246.952 total
→ Common Stock (199.246 underlying)

Holdings

Common Stock
(indirect: By Trust)
491.778
Employee Stock Option
Exercise: $50.00From: 2020-04-24Exp: 2030-04-24→ Common Stock (10,000 underlying)
10,000
Common Stock
(indirect: By Spouse)
302.631
Common Stock
(indirect: By Spouse)
298.91
Common Stock
2,045
Employee Stock Option
Exercise: $43.89From: 2021-05-07Exp: 2031-05-07→ Common Stock (10,000 underlying)
10,000
Employee Stock Option
Exercise: $55.71From: 2019-05-03Exp: 2029-05-03→ Common Stock (5,000 underlying)
5,000
Director Stock Option
Exercise: $55.71From: 2019-05-03Exp: 2029-05-03→ Common Stock (2,500 underlying)
2,500
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: $33.79From: 2023-05-12Exp: 2033-05-12→ Common Stock (2,500 underlying)
2,500
Employee Stock Option
Exercise: $33.79From: 2023-05-12Exp: 2033-05-12→ Common Stock (10,000 underlying)
10,000
Director Stock Option
Exercise: $43.89From: 2021-05-07Exp: 2031-05-07→ Common Stock (2,500 underlying)
2,500
Employee Stock Option
Exercise: $47.90From: 2022-05-13Exp: 2032-05-13→ Common Stock (10,000 underlying)
10,000

Footnotes (6)

[F1]Shares owned in the reporting person's spouse's 401K account. The reporting person disclaims beneficial ownership of these shares.
[F2]Shares owned directly by the reporting person's spouse. The reporting person disclaims beneficial ownership of these shares.
[F3]Shares held in a trust, of which the reporting person is the sole beneficiary.
[F4]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.
[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 options vest 25% per year over four years from the date of grant.

Documents

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