SEC Form 4 · accession 0000907254-17-000043
SAUL CENTERS, INC. · BFS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher Netter
Officer — Sr. Vice Pres.-Retail Leasing
Period of report
May 5, 2017
Accepted (ET)
May 9, 2017 · 2:07 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 | — | — | — | 1,407 | I | 401K | |
| Common SharesF2 | holding | — | — | — | 545 | I | Wife-IRA | |
| Common SharesF3,F4 | holding | — | — | — | 255 | 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 OptionF5 | $59.41 | May 5, 2017 | A | 20,000 | A | May 5, 2017 | May 5, 2027 | Common Stock | 20,000 | 20,000 | D |
| Employee Stock OptionF5 | $44.42 | holding | — | — | — | May 10, 2013 | May 10, 2023 | Common Stock | 12,500 | 12,500 | D |
| Employee Stock OptionF5 | $47.03 | holding | — | — | — | May 9, 2014 | May 9, 2024 | Common Stock | 20,000 | 20,000 | D |
| Employee Stock OptionF5 | $51.07 | holding | — | — | — | May 8, 2015 | May 8, 2025 | Common Stock | 20,000 | 20,000 | D |
| Employee Stock OptionF5 | $57.74 | holding | — | — | — | May 6, 2016 | May 6, 2026 | Common Stock | 20,000 | 20,000 | D |
Explanation of responses
- F1Effective 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.
- F2Balance increased by April 28, 2017 Dividend Reinvestment Plan award of 4.620 shares.
- F3Balance increased by April 28, 2017 Dividend Reinvestment Plan award of 2.158 shares.
- F4Self-IRA
- F5The options vest 25% per year over four years from the date of grant.