GROSVENOR GILBERT M 4
4 · SAUL CENTERS INC · Filed Nov 26, 2012
Insider Transaction Report
Form 4
GROSVENOR GILBERT M
Director
Transactions
- Exercise/Conversion
Common Shares
2012-11-21$33.22/sh+2,500$83,050→ 2,833.43 total - Exercise/Conversion
Stock Option
2012-11-21$33.22/sh−2,500$83,050→ 0 totalExercise: $33.22From: 2005-05-06Exp: 2015-05-06→ Common Stock (2,500 underlying) - Sale
Common Shares
2012-11-21$41.05/sh−2,500$102,625→ 333.43 total
Holdings
- 41,453.436
Phantom Stock
Exercise: $44.76→ Common Stock (41,453.436 underlying) - 2,500
Stock Option
Exercise: $40.35From: 2006-05-01Exp: 2016-05-01→ Common Stock (2,500 underlying)
Footnotes (3)
- [F1]1 for 1
- [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]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.