SULLIVAN MARK III received a stock award from SAUL CENTERS, INC.

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

A · 1 award

SULLIVAN MARK III

Filed: 4/27/2020ACC: 0000907254-20-000035

InsiderSULLIVAN MARK IIICIK 1433619

→

IssuerSAUL CENTERS, INC.CIK 907254

Director

Since Apr 2019

+2.70K

Net shares

Net buyer

$5.6K

Total acquired

Open market trades

0B · 0S

Total transactions

2.70K acquired

Non-Derivative Transactions1

Common Shares

Direct

A · Award

+200.00

Price / share

$28.02

Trade value

$5.60K

% of position

5.6%

4/24/2020

3.60K→3.80K

Total

Net shares

+200.00

Net value

$5.60K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Shares Direct	4/24/2020	A · Award	+200.00	$28.02	$5.60K	5.6%	3.60K	3.80K
Total			+200.00		$5.60K

Derivative Transactions1

Director Stock Option

Direct

A · Award

Converts to

Common Stock

2.50K shares

+2.50K

Strike price

50.0

Held after

2.50K

Exercisable

—

4/24/2020

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Director Stock Option Direct	Common Stock2.50K shares	4/24/2020	A · Award	+2.50K	50.0	—	2.50K

Non-Derivative Holdings (Post-Transaction)3

Common Shares

Direct

Shares owned8.51K

Common Shares

Direct

Shares owned1.46K

Common Shares

Indirect

Shares owned800.00

Total

9.97K direct·800.00 indirect10.77K

Security Title	Shares Owned	Ownership Type
Common Shares	8.51K	Direct
Common Shares	1.46K	Direct
Common Shares	800.00	Indirect
Total	10.77K	9.97K direct·800.00 indirect

Derivative Holdings (Post-Transaction)11

Stock Option

Direct

Underlying security

Common Stock

Underlying shares

2.50K

Shares owned

2.50K

Exercise price

59.41

Expiration

—

Exercise window

—

Stock Option

Direct

Underlying security

Common Stock

Underlying shares

2.50K

Shares owned

2.50K

Exercise price

41.82

Expiration

—

Exercise window

—

Stock Option

Direct

Underlying security

Common Stock

Underlying shares

2.50K

Shares owned

2.50K

Exercise price

57.74

Expiration

—

Exercise window

—

Stock Option

Direct

Underlying security

Common Stock

Underlying shares

2.50K

Shares owned

2.50K

Exercise price

47.03

Expiration

—

Exercise window

—

Stock Option

Direct

Underlying security

Common Stock

Underlying shares

2.50K

Shares owned

2.50K

Exercise price

38.76

Expiration

—

Exercise window

—

Stock Option

Direct

Underlying security

Common Stock

Underlying shares

2.50K

Shares owned

2.50K

Exercise price

51.07

Expiration

—

Exercise window

—

Stock Option

Direct

Underlying security

Common Stock

Underlying shares

2.50K

Shares owned

2.50K

Exercise price

44.42

Expiration

—

Exercise window

—

Stock Option

Direct

Underlying security

Common Stock

Underlying shares

2.50K

Shares owned

2.50K

Exercise price

39.29

Expiration

—

Exercise window

—

Stock Option

Direct

Underlying security

Common Stock

Underlying shares

2.50K

Shares owned

0.00

Exercise price

32.68

Expiration

—

Exercise window

—

Stock Option

Direct

Underlying security

Common Stock

Underlying shares

2.50K

Shares owned

2.50K

Exercise price

55.71

Expiration

—

Exercise window

—

Stock Option

Direct

Underlying security

Common Stock

Underlying shares

2.50K

Shares owned

2.50K

Exercise price

49.46

Expiration

—

Exercise window

—

Total

Underlying

27.50K

Owned

25K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Stock Option Direct	Common Stock	59.41	—	—	2.50K	2.50K
Stock Option Direct	Common Stock	41.82	—	—	2.50K	2.50K
Stock Option Direct	Common Stock	57.74	—	—	2.50K	2.50K
Stock Option Direct	Common Stock	47.03	—	—	2.50K	2.50K
Stock Option Direct	Common Stock	38.76	—	—	2.50K	2.50K
Stock Option Direct	Common Stock	51.07	—	—	2.50K	2.50K
Stock Option Direct	Common Stock	44.42	—	—	2.50K	2.50K
Stock Option Direct	Common Stock	39.29	—	—	2.50K	2.50K
Stock Option Direct	Common Stock	32.68	—	—	2.50K	0.00
Stock Option Direct	Common Stock	55.71	—	—	2.50K	2.50K
Stock Option Direct	Common Stock	49.46	—	—	2.50K	2.50K
Total					27.50K	25K