0000907254-23-000086.txt : 20231004 0000907254-23-000086.hdr.sgml : 20231004 20231004100843 ACCESSION NUMBER: 0000907254-23-000086 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20231002 FILED AS OF DATE: 20231004 DATE AS OF CHANGE: 20231004 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Laycock Willoughby B. CENTRAL INDEX KEY: 0001771496 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-12254 FILM NUMBER: 231306771 MAIL ADDRESS: STREET 1: 7501 WISCONSIN AVE. STREET 2: SUITE 1400 CITY: BETHESDA STATE: MD ZIP: 20814 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: SAUL CENTERS, INC. CENTRAL INDEX KEY: 0000907254 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 521833074 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 7501 WISCONSIN AVENUE STREET 2: SUITE 1500 CITY: BETHESDA STATE: MD ZIP: 20814 BUSINESS PHONE: 301-986-7737 MAIL ADDRESS: STREET 1: 7501 WISCONSIN AVENUE STREET 2: SUITE 1500 CITY: BETHESDA STATE: MD ZIP: 20814 FORMER COMPANY: FORMER CONFORMED NAME: SAUL CENTERS INC DATE OF NAME CHANGE: 19930617 4 1 wf-form4_169642850993479.xml FORM 4 X0508 4 2023-10-02 0 0000907254 SAUL CENTERS, INC. BFS 0001771496 Laycock Willoughby B. 7501 WISCONSIN AVE. SUITE 1400 BETHESDA MD 20814 1 1 0 0 SVP-Res. Design/Mrkt Research 0 Common Stock 307.361 I Spouse-401K Common Stock 303.582 I Spouse Common Stock 2045 D Phantom Stock 2023-10-02 4 A 0 179.035 34.63 A Common Stock 179.035 3476.737 D Employee Stock Option 55.71 2019-05-03 2029-05-03 Common Stock 5000.0 5000 D Director Stock Option 55.71 2019-05-03 2029-05-03 Common Stock 2500.0 2500 D Employee Stock Option 50.0 2020-04-24 2030-04-24 Common Stock 10000.0 10000 D Director Stock Option 50.0 2020-04-24 2030-04-24 Common Stock 2500.0 2500 D Employee Stock Option 43.89 2021-05-07 2031-05-07 Common Stock 10000.0 10000 D Director Stock Option 43.89 2021-05-07 2031-05-07 Common Stock 2500.0 2500 D Employee Stock Option 47.9 2022-05-13 2032-05-13 Common Stock 10000.0 10000 D Director Stock Option 47.9 2022-05-13 2032-05-13 Common Stock 2500.0 2500 D Director Stock Option 33.79 2023-05-12 2033-05-12 Common Stock 2500.0 2500 D Employee Stock Option 33.79 2023-05-12 2033-05-12 Common Stock 10000.0 10000 D Balance increased by July 31, 2023 Dividend Reinvestment Plan award of 4.730 shares. Shares owned in the reporting person's spouse's 401K account. The reporting person disclaims beneficial ownership of these shares. Balance increased by July 31, 2023 Dividend Reinvestment Plan award of 4.672 shares. Shares owned directly by the reporting person's spouse. The reporting person disclaims beneficial ownership of these shares. Phantom shares are issuable pursuant to the Issuer's Deferred Compensation Plan for Directors under its 2004 Stock Plan, as amended (the "Deferred Compensation Plan"). Each share of phantom stock is the economic equivalent of one share of common stock. The shares of phantom stock become payable, in cash or common stock, at the election of the reporting person, upon the reporting person's termination of service. The conversion of the phantom stock into shares of the Issuer's common stock is governed by the Deferred Compensation Plan and the reporting person's Deferred Fee Election Agreement. Includes 50.750 shares awarded July 31, 2023 as dividend reinvestments on shares of phantom stock held by the reporting person pursuant to the Deferred Compensation Plan. The options vest 25% per year over four years from the date of grant. /s/ Carlos L. Heard, by Power of Attorney 2023-10-04