LANSDALE JAMES PAGE (President and Chief Oper. Off.) sold 11.5% of their position (832.00 shares) of SAUL CENTERS, INC. on the open market

Open‑market sale worth $44.1K — a moderate reduction. Review remaining holdings and any 10b5‑1 plan disclosures.

S · 1 sale

LANSDALE JAMES PAGE

Filed: 12/8/2021ACC: 0000907254-21-000112

InsiderLANSDALE JAMES PAGECIK 1472379

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IssuerSAUL CENTERS, INC.CIK 907254

DirectorOfficer· President and Chief Oper. Off.

Since May 2019

-832.00

Net shares

Net seller

$44.1K

Total sold

Open market trades

0B · 1S

Total transactions

832.00 acquired · 1.66K disposed

Non-Derivative Transactions2

Common Shares

Direct

M · Option Exercise

+832.00

Price / share

$47.03

Trade value

$39.13K

% of position

13.0%

12/7/2021

6.40K→7.23K

Common Shares

Direct

S · Sale

−832.00

Price / share

$53.02

Trade value

$44.11K

% of position

11.5%

12/7/2021

7.23K→6.40K

Total

Net shares

+0.00

Net value

-$4.98K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Shares Direct	12/7/2021	M · Option Exercise	+832.00	$47.03	$39.13K	13.0%	6.40K	7.23K
Common Shares Direct	12/7/2021	S · Sale	−832.00	$53.02	$44.11K	11.5%	7.23K	6.40K
Total			+0.00		-$4.98K

Derivative Transactions1

Employee Stock Option

Direct

M · Option Exercise

Converts to

Common Stock

832.00 shares

−832.00

Strike price

47.03

Held after

29.17K

Exercisable

—

12/7/2021

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Employee Stock Option Direct	Common Stock832.00 shares	12/7/2021	M · Option Exercise	−832.00	47.03	—	29.17K

Non-Derivative Holdings (Post-Transaction)0

No non-derivative holdings reported

Derivative Holdings (Post-Transaction)12

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

43.89

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

—

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

59.41

Expiration

—

Exercise window

—

Employee Stock Option

Direct

Underlying security

Common Stock

Underlying shares

30K

Shares owned

30K

Exercise price

55.71

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

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

—

Employee Stock Option

Direct

Underlying security

Common Stock

Underlying shares

30K

Shares owned

30K

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

—

Employee Stock Option

Direct

Underlying security

Common Stock

Underlying shares

30K

Shares owned

30K

Exercise price

57.74

Expiration

—

Exercise window

—

Total

Underlying

167.50K

Owned

167.50K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Employee Stock Option Direct	Common Stock	51.07	—	—	30K	30K
Director Stock Option Direct	Common Stock	43.89	—	—	2.50K	2.50K
Director Stock Option Direct	Common Stock	55.71	—	—	2.50K	2.50K
Director Stock Option Direct	Common Stock	59.41	—	—	2.50K	2.50K
Employee Stock Option Direct	Common Stock	59.41	—	—	30K	30K
Employee Stock Option Direct	Common Stock	55.71	—	—	30K	30K
Director Stock Option Direct	Common Stock	57.74	—	—	2.50K	2.50K
Director Stock Option Direct	Common Stock	50.0	—	—	2.50K	2.50K
Director Stock Option Direct	Common Stock	49.46	—	—	2.50K	2.50K
Employee Stock Option Direct	Common Stock	49.46	—	—	30K	30K
Director Stock Option Direct	Common Stock	51.07	—	—	2.50K	2.50K
Employee Stock Option Direct	Common Stock	57.74	—	—	30K	30K
Total					167.50K	167.50K