SAUL B FRANCIS III 4

Accession 0001181431-10-060531

CIK 0000907254other

View on SEC.gov Company Profile

Filed

Dec 8, 7:00 PM ET

Accepted

Dec 9, 5:04 PM ET

Size

27.8 KB

Accession

0001181431-10-060531

Insider Transaction Report

Form 4

Period: 2010-12-09

SAUL CENTERS INCBFS

SAUL B FRANCIS III

DirectorPresident

Transactions

Exercise/Conversion
Employee Stock Option
2010-12-09$24.91/sh−80,000$1,992,800→ 0 total
Exercise: $24.91From: 2004-05-23Exp: 2013-05-23→ Common Stock (80,000 underlying)
Sale
Common Shares
2010-12-09$45.00/sh−59,978$2,699,010→ 24,198.23 total
Exercise/Conversion
Common Shares
2010-12-09$24.91/sh+80,000$1,992,800→ 84,176.23 total

Holdings

Common Shares
(indirect: By Trust)
12,000
Employee Stock Option
Exercise: $54.17From: 2008-04-27Exp: 2017-04-27→ Common Stock (40,000 underlying)
40,000
Stock Option
Exercise: $32.68From: 2009-04-24Exp: 2019-04-24→ Common Stock (2,500 underlying)
2,500
Stock Option
Exercise: $33.22From: 2005-05-06Exp: 2015-05-06→ Common Stock (2,500 underlying)
2,500
Stock Option
Exercise: $50.15From: 2008-04-25Exp: 2018-04-25→ Common Stock (2,500 underlying)
2,500
Stock Option
Exercise: $25.78From: 2004-04-26Exp: 2014-04-26→ Common Stock (2,500 underlying)
2,500
Common Shares
(indirect: By 401(k))
3,564.192
Phantom Stock
Exercise: $42.41→ Common Stock (19,705.865 underlying)
19,705.865
Employee Stock Option
Exercise: $25.78From: 2005-04-26Exp: 2014-04-26→ Common Stock (40,000 underlying)
40,000
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
Stock Option
Exercise: $54.17From: 2007-04-27Exp: 2017-04-27→ Common Stock (2,500 underlying)
2,500
Stock Option
Exercise: $38.76From: 2010-05-07Exp: 2020-05-07→ Common Stock (2,500 underlying)
2,500

Footnotes (7)

[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]Includes 170.932 shares ($41.1426/share) awarded October 29, 2010 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.
[F7]Balance increased by October 29, 2010 Dividend Reinvestment Plan award of 36.225 shares.

Documents

2 files

Issuer

SAUL CENTERS INC

CIK 0000907254

→

Entity typeother

Related Parties

filerCIK 0001228467

Filing Metadata

Form type: 4
Filed: Dec 8, 7:00 PM ET
Accepted: Dec 9, 5:04 PM ET
Size: 27.8 KB

View on SEC.gov