Form 4 for BFS SAUL CENTERS, INC.

Accepted 2023-08-10 00:00:00 ET · period of report 2023-08-09 · accession 0000907254-23-000079 · 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	2023-08-10	2023-08-09	BFS	CLANCY GEORGE PATRICK JR	Dir	M - OptEx	$37.75	+1,360	9,112	+18%	+$51.3K
D	2023-08-10	2023-08-09	BFS	CLANCY GEORGE PATRICK JR	Dir	M - OptEx	$37.75	-1,360	5,440	-20%	-$51.3K

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 Stock	2023-08-09	M	A	1,360	$37.75	9,112	D	—	—
2	Derivative	Phantom Stock	2023-08-09	M	D	1,360	$37.75	5,440.23	D	— · — to —	1,360 Common Stock	(F3) Includes 104.653 shares awarded July 31, 2023 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. (F1) Phantom shares are issuable pursuant to the Issuer's Deferred Compensation Plan for Directors under its 2004 Stock Plan, as amended (the "Deferred Compensation Plan"). Each share of phantom stock is the economic equivalent of one share of common stock. The shares of phantom stock become payable, in cash or common stock, at the election of the reporting person, upon the reporting person's termination of service. (F2) The conversion of the phantom stock into shares of the Issuer's common stock is governed by the Deferred Compensation Plan and the reporting person's Deferred Fee Election Agreement.