LANSDALE JAMES PAGE (President and Chief Oper. Off.) sold 52.5% of their position (7.07K shares) of SAUL CENTERS, INC. on the open market

Open‑market sale worth $374.6K — a major position exit. Review remaining holdings and any 10b5‑1 plan disclosures.

S · 1 sale

LANSDALE JAMES PAGE

Filed: 12/9/2021ACC: 0000907254-21-000113

InsiderLANSDALE JAMES PAGECIK 1472379

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IssuerSAUL CENTERS, INC.CIK 907254

DirectorOfficer· President and Chief Oper. Off.

Since May 2019

-7.07K

Net shares

Net seller

$374.6K

Total sold

Open market trades

0B · 1S

Total transactions

7.07K acquired · 14.13K disposed

Non-Derivative Transactions2

Common Shares

Direct

M · Option Exercise

+7.07K

Price / share

$47.03

Trade value

$332.31K

% of position

110.4%

12/8/2021

6.40K→13.47K

Common Shares

Direct

S · Sale

−7.07K

Price / share

$53.02

Trade value

$374.64K

% of position

52.5%

12/8/2021

13.47K→6.40K

Total

Net shares

+0.00

Net value

-$42.33K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Shares Direct	12/8/2021	M · Option Exercise	+7.07K	$47.03	$332.31K	110.4%	6.40K	13.47K
Common Shares Direct	12/8/2021	S · Sale	−7.07K	$53.02	$374.64K	52.5%	13.47K	6.40K
Total			+0.00		-$42.33K

Derivative Transactions1

Employee Stock Option

Direct

M · Option Exercise

Converts to

Common Stock

7.07K shares

−7.07K

Strike price

47.03

Held after

22.10K

Exercisable

—

12/8/2021

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Employee Stock Option Direct	Common Stock7.07K shares	12/8/2021	M · Option Exercise	−7.07K	47.03	—	22.10K

Non-Derivative Holdings (Post-Transaction)0

No non-derivative holdings reported

Derivative Holdings (Post-Transaction)12

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

43.89

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

—

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

59.41

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

—

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

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

—

Employee Stock Option

Direct

Underlying security

Common Stock

Underlying shares

30K

Shares owned

30K

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

51.07

Expiration

—

Exercise window

—

Employee Stock Option

Direct

Underlying security

Common Stock

Underlying shares

30K

Shares owned

30K

Exercise price

51.07

Expiration

—

Exercise window

—

Total

Underlying

167.50K

Owned

167.50K

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