Form 4 for BFS SAUL CENTERS, INC.

Accepted 2022-06-27 00:00:00 ET · period of report 2022-06-23 · accession 0000907254-22-000062 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
D	2022-06-27	2022-06-23	BFS	CLANCY GEORGE PATRICK JR	Dir	A - Grant	$44.10	+1,203	7,552	+19%	+$53.1K
D	2022-06-27	2022-06-23	BFS	CLANCY GEORGE PATRICK JR	Dir	S - Sale	$44.10	-1,203	5,023	-19%	-$53.1K

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Shares	2022-06-23	A	A	1,203	$44.10	7,552	D	—	—
2	Derivative	Phantom Stock	2022-06-23	S	D	1,203.08	$44.10	5,022.85	D	$44.10 · — to —	1,203.08 Common Stock	(F1) 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) Includes 70.090 shares ($50.0617/share) awarded April 29, 2022 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. (F2) 1 for 1 (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.