SEC Form 4 · accession 0000907254-16-000188
SAUL CENTERS, INC. · BFS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott V Schneider
Officer — Sr. Vice President-CFO
Period of report
May 6, 2016
Accepted (ET)
May 10, 2016 · 4:31 pm 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 | holding | — | — | — | 555 | I | Daughter | |
| Common SharesF2 | holding | — | — | — | 542 | I | Daughter-2 | |
| Series C Preferred Stock | holding | — | — | — | 3,000 | D | ||
| Common SharesF3 | holding | — | — | — | 8,492 | I | 401K | |
| Common Shares | holding | — | — | — | 8,398 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock OptionF4 | $57.74 | May 6, 2016 | A | 20,000 | A | May 6, 2016 | May 6, 2026 | Common Stock | 20,000 | 20,000 | D |
| Employee Stock OptionF4 | $54.17 | holding | — | — | — | Apr 27, 2008 | Apr 27, 2017 | Common Stock | 9,100 | 9,100 | D |
| Employee Stock OptionF4 | $41.82 | holding | — | — | — | May 13, 2011 | May 13, 2021 | Common Stock | 15,000 | 15,000 | D |
| Employee Stock OptionF4 | $39.29 | holding | — | — | — | May 4, 2012 | May 4, 2022 | Common Stock | 15,000 | 15,000 | D |
| Employee Stock OptionF4 | $44.42 | holding | — | — | — | May 10, 2013 | May 10, 2023 | Common Stock | 20,000 | 20,000 | D |
| Employee Stock OptionF4 | $47.03 | holding | — | — | — | May 9, 2014 | May 9, 2024 | Common Stock | 20,000 | 20,000 | D |
| Employee Stock OptionF4 | $51.07 | holding | — | — | — | May 8, 2015 | May 8, 2025 | Common Stock | 20,000 | 20,000 | D |
Explanation of responses
- F1Balance increased by April 29, 2016 Dividend Reinvestment Plan award of 5.008 shares.
- F2Balance increased by April 29, 2016 Dividend Reinvestment Plan award of 4.891 shares.
- F3Effective 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.
- F4The options vest 25% per year over four years from the date of grant.
Remarks
The reporting person no longer has a reportable beneficial interest in 1,004.442 shares of common stock held by 2 sons and included in the reporting person's prior ownership reports.