SEC Form 4 · accession 0000907254-18-000080
SAUL CENTERS, INC. · BFS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott V Schneider
Officer — Sr. Vice President-CFO
Period of report
Aug 28, 2018
Accepted (ET)
Aug 29, 2018 · 11:43 am 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 28, 2018 | S | 1,433 | $59.67 | D | 7,706 | I | 401K |
| Series C Preferred StockF4 | Aug 28, 2018 | P | 1,375 | $25.21 | A | 4,000 | D | |
| Common SharesF1 | holding | — | — | — | 601 | I | Daughter | |
| Common SharesF2 | holding | — | — | — | 587 | I | Daughter-2 | |
| Common Shares | holding | — | — | — | 9,398 | 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 | $44.42 | holding | — | — | — | May 10, 2013 | May 10, 2023 | Common Stock | 8,500 | 8,500 | 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 |
| Employee Stock OptionF5 | $59.41 | holding | — | — | — | May 5, 2017 | May 5, 2027 | Common Stock | 20,000 | 20,000 | D |
| Employee Stock OptionF5 | $49.46 | holding | — | — | — | May 11, 2018 | May 11, 2028 | Stock Option | 20,000 | 20,000 | D |
Explanation of responses
- F1Balance increased by July 31, 2018 Dividend Reinvestment Plan award of 5.987 shares.
- F2Balance increased by July 31, 2018 Dividend Reinvestment Plan award of 5.847 shares.
- F3Effective 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.
- F4The number of shares has been adjusted to reflect the effect of a partial redemption of the Series C Preferred Stock by the Company.
- F5The options vest 25% per year over four years from the date of grant.
Remarks
The reporting person no longer has a reportable beneficial interest in 1,004.442 shares of common stock held by 2 sons and included in the reporting person's prior ownership reports.