SEC Form 4 · accession 0000907254-18-000078
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
Aug 20, 2018
Accepted (ET)
Aug 21, 2018 · 1:16 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 SharesF2 | Aug 20, 2018 | M | 7,500 | $44.42 | A | 7,765 | D | |
| Common SharesF2 | Aug 20, 2018 | S | 7,500 | $59.30 | D | 265 | D | |
| Common SharesF1 | holding | — | — | — | 1,475 | I | 401K | |
| Common Shares | holding | — | — | — | 566 | I | Wife-IRA |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock OptionF3 | $44.42 | Aug 20, 2018 | M | 7,500 | D | May 10, 2013 | May 10, 2023 | Common Stock | 7,500 | 0 | D |
| Employee Stock OptionF3 | $47.03 | holding | — | — | — | May 9, 2014 | May 9, 2024 | Common Stock | 20,000 | 20,000 | D |
| Employee Stock OptionF3 | $51.07 | holding | — | — | — | May 8, 2015 | May 8, 2025 | Common Stock | 20,000 | 20,000 | D |
| Employee Stock OptionF3 | $57.74 | holding | — | — | — | May 6, 2016 | May 6, 2026 | Common Stock | 20,000 | 20,000 | D |
| Employee Stock OptionF3 | $59.41 | holding | — | — | — | May 5, 2017 | May 5, 2027 | Common Stock | 20,000 | 20,000 | D |
| Employee Stock OptionF3 | $49.46 | holding | — | — | — | May 11, 2018 | May 11, 2028 | 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.
- F2Self-IRA
- F3The options vest 25% per year over four years from the date of grant.