SEC Form 4 · accession 0000907254-17-000010
SAUL CENTERS, INC. · BFS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Philip D Caraci
Director
Period of report
Jan 3, 2017
Accepted (ET)
Jan 5, 2017 · 1:25 pm EST
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 SharesF2 | Jan 3, 2017 | M | 1,800 | $54.17 | A | 52,916 | D | |
| Common SharesF2 | Jan 3, 2017 | S | 1,800 | $66.36 | D | 51,116 | D | |
| Common SharesF2 | Jan 4, 2017 | M | 700 | $54.17 | A | 51,816 | D | |
| Common SharesF2 | Jan 4, 2017 | M | 2,500 | $50.15 | A | 54,316 | D | |
| Common SharesF2 | Jan 4, 2017 | M | 2,500 | $38.76 | A | 56,816 | D | |
| Common SharesF2 | Jan 4, 2017 | S | 5,700 | $66.14 | D | 51,116 | D | |
| Common SharesF1 | holding | — | — | — | 51,987 | I | Self-Trust | |
| Common Shares | holding | — | — | — | 2,802 | I | Wife's IRA | |
| Common Shares | holding | — | — | — | 20,764 | I | Wifes-Trust | |
| Series C Preferred Stock | holding | — | — | — | 3,202 | I | Wife's Trust | |
| Series C Preferred StockF2 | holding | — | — | — | 1,978 | 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 | $54.17 | Jan 3, 2017 | M | 1,800 | D | Apr 27, 2007 | Apr 27, 2017 | Common Stock | 1,800 | 700 | D |
| Stock Option | $54.17 | Jan 4, 2017 | M | 700 | D | Apr 27, 2007 | Apr 27, 2017 | Common Stock | 700 | 0 | D |
| Stock Option | $50.15 | Jan 4, 2017 | M | 2,500 | D | Apr 25, 2008 | Apr 25, 2018 | Common Stock | 2,500 | 0 | D |
| Stock Option | $38.76 | Jan 4, 2017 | M | 2,500 | D | May 7, 2010 | May 7, 2020 | Common Stock | 2,500 | 0 | D |
| Phantom StockF3,F6,F4,F5 | $65.96 | holding | — | — | — | — | — | Common Stock | 23,285 | 23,285 | D |
| Stock Option | $41.82 | holding | — | — | — | May 13, 2011 | May 13, 2021 | Common Stock | 2,500 | 2,500 | D |
| Stock Option | $39.29 | holding | — | — | — | May 4, 2012 | May 4, 2022 | 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 |
| Stock Option | $51.07 | holding | — | — | — | May 8, 2015 | May 8, 2025 | Common Stock | 2,500 | 2,500 | D |
| Stock Option | $57.74 | holding | — | — | — | May 6, 2016 | May 6, 2026 | Common Stock | 2,500 | 2,500 | D |
Explanation of responses
- F1Self-Trust. Reporting person is a Trustee
- F2Self-IRA
- F3Pursuant 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.
- F41 for 1
- F5The 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.
- F6Includes 189.831 shares ($57.1815/share) awarded October 28, 2016 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.