SEC Form 4 · accession 0000907254-15-000068
SAUL CENTERS, INC. · BFS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gilbert M Grosvenor
Director
Period of report
May 8, 2015
Accepted (ET)
May 12, 2015 · 11:10 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000907254
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common SharesF1 | May 8, 2015 | A | 200 | $51.07 | A | 984 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option | $51.07 | May 8, 2015 | A | 2,500 | A | May 8, 2015 | May 8, 2025 | Common Stock | 2,500 | 2,500 | D |
| Phantom StockF2,F3,F4 | $51.76 | holding | — | — | — | — | — | Common Stock | 45,404 | 45,404 | D |
| Stock Option | $50.15 | holding | — | — | — | Apr 25, 2008 | Apr 25, 2018 | Common Stock | 2,500 | 2,500 | D |
| Stock Option | $44.42 | holding | — | — | — | May 10, 2013 | May 10, 2023 | Common Stock | 2,500 | 2,500 | D |
| Stock Option | $47.03 | holding | — | — | — | May 9, 2014 | May 9, 2024 | Common Stock | 2,500 | 2,500 | D |
Explanation of responses
- F1Balance increased by April 30, 2015 Dividend Reinvestment Plan awards of 6.661 shares.
- F2Pursuant 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.
- F31 for 1
- F4The 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.