LANSDALE JAMES PAGE (President and Chief Oper. Off.) received a stock award from SAUL CENTERS, INC.

Compensation award — not an open‑market transaction. Less informative as a directional signal.

A · 1 award

LANSDALE JAMES PAGE

Filed: 5/11/2021ACC: 0000907254-21-000059

InsiderLANSDALE JAMES PAGECIK 1472379

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IssuerSAUL CENTERS, INC.CIK 907254

DirectorOfficer· President and Chief Oper. Off.

Since May 2019

+2.70K

Net shares

Net buyer

$8.8K

Total acquired

Open market trades

0B · 0S

Total transactions

2.70K acquired

Non-Derivative Transactions1

Common Shares

Direct

A · Award

+200.00

Price / share

$43.89

Trade value

$8.78K

% of position

3.2%

5/7/2021

6.20K→6.40K

Total

Net shares

+200.00

Net value

$8.78K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Shares Direct	5/7/2021	A · Award	+200.00	$43.89	$8.78K	3.2%	6.20K	6.40K
Total			+200.00		$8.78K

Derivative Transactions1

Director Stock Option

Direct

A · Award

Converts to

Common Stock

2.50K shares

+2.50K

Strike price

43.89

Held after

2.50K

Exercisable

—

5/7/2021

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Director Stock Option Direct	Common Stock2.50K shares	5/7/2021	A · Award	+2.50K	43.89	—	2.50K

Non-Derivative Holdings (Post-Transaction)0

No non-derivative holdings reported

Derivative Holdings (Post-Transaction)14

Employee Stock Option

Direct

Underlying security

Common Stock

Underlying shares

30K

Shares owned

30K

Exercise price

55.71

Expiration

—

Exercise window

—

Employee Stock Option

Direct

Underlying security

Common Stock

Underlying shares

30K

Shares owned

30K

Exercise price

59.41

Expiration

—

Exercise window

—

Director Stock Option

Direct

Underlying security

Common Stock

Underlying shares

2.50K

Shares owned

2.50K

Exercise price

59.41

Expiration

—

Exercise window

—

Employee Stock Option

Direct

Underlying security

Common Stock

Underlying shares

30K

Shares owned

30K

Exercise price

57.74

Expiration

—

Exercise window

—

Employee Stock Option

Direct

Underlying security

Common Stock

Underlying shares

30K

Shares owned

30K

Exercise price

47.03

Expiration

—

Exercise window

—

Employee Stock Option

Direct

Underlying security

Common Stock

Underlying shares

30K

Shares owned

30K

Exercise price

51.07

Expiration

—

Exercise window

—

Director Stock Option

Direct

Underlying security

Common Stock

Underlying shares

2.50K

Shares owned

2.50K

Exercise price

50.0

Expiration

—

Exercise window

—

Director Stock Option

Direct

Underlying security

Common Stock

Underlying shares

2.50K

Shares owned

2.50K

Exercise price

49.46

Expiration

—

Exercise window

—

Director Stock Option

Direct

Underlying security

Common Stock

Underlying shares

2.50K

Shares owned

2.50K

Exercise price

51.07

Expiration

—

Exercise window

—

Director Stock Option

Direct

Underlying security

Common Stock

Underlying shares

2.50K

Shares owned

2.50K

Exercise price

57.74

Expiration

—

Exercise window

—

Director Stock Option

Direct

Underlying security

Common Stock

Underlying shares

2.50K

Shares owned

2.50K

Exercise price

55.71

Expiration

—

Exercise window

—

Employee Stock Option

Direct

Underlying security

Common Stock

Underlying shares

Shares owned

Exercise price

44.42

Expiration

—

Exercise window

—

Employee Stock Option

Direct

Underlying security

Common Stock

Underlying shares

30K

Shares owned

30K

Exercise price

49.46

Expiration

—

Exercise window

—

Employee Stock Option

Direct

Underlying security

Common Stock

Underlying shares

2.50K

Shares owned

2.50K

Exercise price

39.29

Expiration

—

Exercise window

—

Total

Underlying

201.50K

Owned

201.50K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Employee Stock Option Direct	Common Stock	55.71	—	—	30K	30K
Employee Stock Option Direct	Common Stock	59.41	—	—	30K	30K
Director Stock Option Direct	Common Stock	59.41	—	—	2.50K	2.50K
Employee Stock Option Direct	Common Stock	57.74	—	—	30K	30K
Employee Stock Option Direct	Common Stock	47.03	—	—	30K	30K
Employee Stock Option Direct	Common Stock	51.07	—	—	30K	30K
Director Stock Option Direct	Common Stock	50.0	—	—	2.50K	2.50K
Director Stock Option Direct	Common Stock	49.46	—	—	2.50K	2.50K
Director Stock Option Direct	Common Stock	51.07	—	—	2.50K	2.50K
Director Stock Option Direct	Common Stock	57.74	—	—	2.50K	2.50K
Director Stock Option Direct	Common Stock	55.71	—	—	2.50K	2.50K
Employee Stock Option Direct	Common Stock	44.42	—	—	4K	4K
Employee Stock Option Direct	Common Stock	49.46	—	—	30K	30K
Employee Stock Option Direct	Common Stock	39.29	—	—	2.50K	2.50K
Total					201.50K	201.50K