SEC Form 4 · accession 0000907254-16-000229
SAUL CENTERS, INC. · BFS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Donald A Hachey
Officer — Senior Vice Pres.-Construction
Period of report
Feb 19, 2016
Accepted (ET)
Jul 21, 2016 · 4:13 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,F2 | Feb 19, 2016 | S | 902 | $49.37 | D | 0 | I | 401K |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option | $44.42 | holding | — | — | — | May 10, 2013 | May 10, 2023 | Common Stock | 625 | 625 | D |
| Employee Stock Option | $47.03 | holding | — | — | — | May 9, 2014 | May 9, 2024 | Common Stock | 3,750 | 3,750 | D |
| Employee Stock Option | $51.07 | holding | — | — | — | May 8, 2015 | May 8, 2025 | Common Stock | 5,000 | 5,000 | D |
| Employee Stock OptionF3 | $57.74 | holding | — | — | — | May 6, 2016 | May 6, 2026 | Common Stock | 5,000 | 5,000 | D |
Explanation of responses
- F1The transaction reported on this Form 4 was reflected in the amount of securities beneficially owned in the Reporting Person's Form 4's filed on May 10, 2016 and June 6, 2016; however, the transaction had not been reported on a Form 4 prior to such dates.
- F2Effective 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 Patricia E. Saul's beneficial ownership interest in the Saul Centers stock fund of the 401(k) plan.
- F3The options vest 25% per year over four years from the date of grant.