SEC Form 4 · accession 0000907254-18-000079
SAUL CENTERS, INC. · BFS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Philip D Caraci
Director
Period of report
Aug 24, 2018
Accepted (ET)
Aug 28, 2018 · 2:03 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 SharesF3 | Aug 24, 2018 | S | 300 | $59.44 | D | 49,216 | D | |
| Common SharesF1 | holding | — | — | — | 51,987 | I | Self-Trust | |
| Common Shares | holding | — | — | — | 21,964 | I | Wife's-Trust | |
| Series C Preferred StockF2 | holding | — | — | — | 1,868 | I | Wife's Trust | |
| Series C Preferred StockF2,F3 | holding | — | — | — | 1,467 | D | ||
| Common Shares | holding | — | — | — | 2,702 | I | Wife's IRA |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom StockF4,F5,F6 | $49.75 | holding | — | — | — | — | — | Common Stock | 24,845 | 24,845 | 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 |
| Stock Option | $59.41 | holding | — | — | — | May 5, 2017 | May 5, 2027 | Common Stock | 2,500 | 2,500 | D |
| Stock Option | $49.46 | holding | — | — | — | May 11, 2018 | May 11, 2018 | Common Stock | 2,500 | 2,500 | D |
Explanation of responses
- F1Self-Trust. Reporting person is a Trustee
- F2The number of Shares has been adjusted to reflect the effect of a partial redemption of the Series C Preferred Stock by the Company.
- F3Self-IRA
- F4Pursuant 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.
- F51 for 1
- F6The 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.