KAY DAVID B 4
4 · SAUL CENTERS INC · Filed Jan 6, 2009
Insider Transaction Report
Form 4
KAY DAVID B
Director
Transactions
- Award
Phantom Stock
2009-01-02$38.52/sh+239.487$9,225→ 6,692.264 totalExercise: $38.52→ Common Stock (239.487 underlying)
Holdings
- 2,500
Stock Option
Exercise: $25.78From: 2004-04-26Exp: 2014-04-26→ Common Stock (2,500 underlying) - 3,802.343
Common Stock
Footnotes (5)
- [F1]Under the terms of the reporting person's Deferred Fee Agreement, payment of shares of the issuer's common stock commences at such time as the reporting person ceases to be a director of the issuer. Payment will be a lump sum upon termination of directorship.
- [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]Balance increased by October 31, 2008 Dividend Reinvestment Plan award of 51.478 shares.
- [F5]Includes 87.361 shares ($34.2459/share) awarded October 31, 2008 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.