SCHNEIDER SCOTT V (Sr. Vice President-CFO) sold 34.7% of their position (5K shares) of SAUL CENTERS, INC. on the open market

Open‑market sale worth $285.5K — a major position exit. Review remaining holdings and any 10b5‑1 plan disclosures.

S · 2 sales

SCHNEIDER SCOTT V

Filed: 6/20/2019ACC: 0000907254-19-000057

InsiderSCHNEIDER SCOTT VCIK 1228478

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IssuerSAUL CENTERS, INC.CIK 907254

Officer· Sr. Vice President-CFO

Since Jul 2018

-5K

Net shares

Net seller

$285.5K

Total sold

Open market trades

0B · 2S

Total transactions

5K acquired · 10K disposed

Non-Derivative Transactions4

Common Shares

Direct

M · Option Exercise

+1K

Price / share

$44.42

Trade value

$44.42K

% of position

10.6%

6/18/2019

9.40K→10.40K

Common Shares

Direct

S · Sale

−1K

Price / share

$57.50

Trade value

$57.50K

% of position

9.6%

6/18/2019

10.40K→9.40K

Common Shares

Direct

M · Option Exercise

+4K

Price / share

$44.42

Trade value

$177.68K

% of position

42.6%

6/19/2019

9.40K→13.40K

Common Shares

Direct

S · Sale

−4K

Price / share

$57.00

Trade value

$228K

% of position

29.9%

6/19/2019

13.40K→9.40K

Total

Net shares

+0.00

Net value

-$63.40K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Shares Direct	6/18/2019	M · Option Exercise	+1K	$44.42	$44.42K	10.6%	9.40K	10.40K
Common Shares Direct	6/18/2019	S · Sale	−1K	$57.50	$57.50K	9.6%	10.40K	9.40K
Common Shares Direct	6/19/2019	M · Option Exercise	+4K	$44.42	$177.68K	42.6%	9.40K	13.40K
Common Shares Direct	6/19/2019	S · Sale	−4K	$57.00	$228K	29.9%	13.40K	9.40K
Total			+0.00		-$63.40K

Derivative Transactions2

Employee Stock Option

Direct

M · Option Exercise

Converts to

Common Stock

1K shares

−1K

Strike price

44.42

Held after

7.50K

Exercisable

—

6/18/2019

Employee Stock Option

Direct

M · Option Exercise

Converts to

Common Stock

4K shares

−4K

Strike price

44.42

Held after

3.50K

Exercisable

—

6/19/2019

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Employee Stock Option Direct	Common Stock1K shares	6/18/2019	M · Option Exercise	−1K	44.42	—	7.50K
Employee Stock Option Direct	Common Stock4K shares	6/19/2019	M · Option Exercise	−4K	44.42	—	3.50K

Non-Derivative Holdings (Post-Transaction)5

Series D Preferred Stock

Indirect

Shares owned2K

Common Shares

Indirect

Shares owned7.13K

Common Shares

Indirect

Shares owned619.99

Series C Preferred Stock

Direct

Shares owned4K

Common Shares

Indirect

Shares owned605.49

Total

4K direct·10.36K indirect14.36K

Security Title	Shares Owned	Ownership Type
Series D Preferred Stock	2K	Indirect
Common Shares	7.13K	Indirect
Common Shares	619.99	Indirect
Series C Preferred Stock	4K	Direct
Common Shares	605.49	Indirect
Total	14.36K	4K direct·10.36K indirect

Derivative Holdings (Post-Transaction)6

Employee Stock Option

Direct

Underlying security

Common Stock

Underlying shares

20K

Shares owned

20K

Exercise price

51.07

Expiration

—

Exercise window

—

Employee Stock Option

Direct

Underlying security

Common Stock

Underlying shares

20K

Shares owned

20K

Exercise price

49.46

Expiration

—

Exercise window

—

Employee Stock Option

Direct

Underlying security

Common Stock

Underlying shares

20K

Shares owned

20K

Exercise price

55.71

Expiration

—

Exercise window

—

Employee Stock Option

Direct

Underlying security

Common Stock

Underlying shares

20K

Shares owned

20K

Exercise price

59.41

Expiration

—

Exercise window

—

Employee Stock Option

Direct

Underlying security

Common Stock

Underlying shares

20K

Shares owned

20K

Exercise price

57.74

Expiration

—

Exercise window

—

Employee Stock Option

Direct

Underlying security

Common Stock

Underlying shares

20K

Shares owned

20K

Exercise price

47.03

Expiration

—

Exercise window

—

Total

Underlying

120K

Owned

120K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Employee Stock Option Direct	Common Stock	51.07	—	—	20K	20K
Employee Stock Option Direct	Common Stock	49.46	—	—	20K	20K
Employee Stock Option Direct	Common Stock	55.71	—	—	20K	20K
Employee Stock Option Direct	Common Stock	59.41	—	—	20K	20K
Employee Stock Option Direct	Common Stock	57.74	—	—	20K	20K
Employee Stock Option Direct	Common Stock	47.03	—	—	20K	20K
Total					120K	120K