SAUL B FRANCIS III 4

Accession 0001181431-10-029275

CIK 0000907254other

Filed

May 24, 8:00 PM ET

Accepted

May 25, 4:25 PM ET

Size

26.0 KB

Accession

0001181431-10-029275

Form 4

Period: 2010-05-07

DirectorPresident

Transactions

Award
Common Shares
2010-05-07$38.76/sh+200$7,752→ 4,106.478 total
Award
Stock Option
2010-05-07$38.76/sh+2,500$96,900→ 2,500 total
Exercise: $38.76From: 2010-05-07Exp: 2020-05-07→ Common Stock (2,500 underlying)

Holdings

Common Shares
(indirect: By Trust)
12,000
Common Shares
(indirect: By 401(k))
3,564.192
Stock Option
Exercise: $54.17From: 2007-04-27Exp: 2017-04-27→ Common Stock (2,500 underlying)
2,500
Employee Stock Option
Exercise: $33.22From: 2006-05-06Exp: 2015-05-06→ Common Stock (40,000 underlying)
40,000
Stock Option
Exercise: $40.35From: 2006-05-01Exp: 2016-05-01→ Common Stock (2,500 underlying)
2,500
Employee Stock Option
Exercise: $25.78From: 2005-04-26Exp: 2014-04-26→ Common Stock (40,000 underlying)
40,000
Stock Option
Exercise: $25.78From: 2004-04-26Exp: 2014-04-26→ Common Stock (2,500 underlying)
2,500
Phantom Stock
Exercise: $41.20→ Common Stock (18,868.254 underlying)
18,868.254
Stock Option
Exercise: $50.15From: 2008-04-25Exp: 2018-04-25→ Common Stock (2,500 underlying)
2,500
Stock Option
Exercise: $32.68From: 2009-04-24Exp: 2019-04-24→ Common Stock (2,500 underlying)
2,500
Employee Stock Option
Exercise: $24.91From: 2004-05-23Exp: 2013-05-23→ Common Stock (80,000 underlying)
80,000
Stock Option
Exercise: $33.22From: 2005-05-06Exp: 2015-05-06→ Common Stock (2,500 underlying)
2,500
Employee Stock Option
Exercise: $54.17From: 2008-04-27Exp: 2017-04-27→ Common Stock (40,000 underlying)
40,000

Footnotes (6)

[F1]The option will vest 25% per year over four years from the date of grant.
[F2]1 for 1
[F3]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.
[F4]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.
[F5]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.
[F6]Balance increased by April 30, 2010 Dividend Reinvestment Plan award of 35.669 shares.

Documents

2 files

SAUL CENTERS INC

CIK 0000907254

Entity typeother