SULLIVAN MARK III sold 38.5% of their position (2.50K shares) of SAUL CENTERS, INC. on the open market

Open‑market sale worth $130.1K — a major position exit. Review remaining holdings and any 10b5‑1 plan disclosures.

S · 2 sales

SULLIVAN MARK III

Filed: 12/23/2021ACC: 0000907254-21-000118

InsiderSULLIVAN MARK IIICIK 1433619

→

IssuerSAUL CENTERS, INC.CIK 907254

Director

Since Apr 2019

-2.50K

Net shares

Net seller

$130.1K

Total sold

Open market trades

0B · 2S

Total transactions

2.50K acquired · 5K disposed

Non-Derivative Transactions4

Common Shares

Direct

M · Option Exercise

+1.50K

Price / share

$39.29

Trade value

$58.94K

% of position

37.5%

12/21/2021

4K→5.50K

Common Shares

Direct

S · Sale

−1.50K

Price / share

$52.06

Trade value

$78.09K

% of position

27.3%

12/21/2021

5.50K→4K

Common Shares

Direct

M · Option Exercise

+1K

Price / share

$39.29

Trade value

$39.29K

% of position

25.0%

12/22/2021

4K→5K

Common Shares

Direct

S · Sale

−1K

Price / share

$52.00

Trade value

$52K

% of position

20.0%

12/22/2021

5K→4K

Total

Net shares

+0.00

Net value

-$31.86K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Shares Direct	12/21/2021	M · Option Exercise	+1.50K	$39.29	$58.94K	37.5%	4K	5.50K
Common Shares Direct	12/21/2021	S · Sale	−1.50K	$52.06	$78.09K	27.3%	5.50K	4K
Common Shares Direct	12/22/2021	M · Option Exercise	+1K	$39.29	$39.29K	25.0%	4K	5K
Common Shares Direct	12/22/2021	S · Sale	−1K	$52.00	$52K	20.0%	5K	4K
Total			+0.00		-$31.86K

Derivative Transactions2

Stock Option

Direct

M · Option Exercise

Converts to

Common Stock

1.50K shares

−1.50K

Strike price

39.29

Held after

Exercisable

—

12/21/2021

Stock Option

Direct

M · Option Exercise

Converts to

Common Stock

1K shares

−1K

Strike price

39.29

Held after

0.00

Exercisable

—

12/22/2021

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Stock Option Direct	Common Stock1.50K shares	12/21/2021	M · Option Exercise	−1.50K	39.29	—	1K
Stock Option Direct	Common Stock1K shares	12/22/2021	M · Option Exercise	−1K	39.29	—	0.00

Non-Derivative Holdings (Post-Transaction)3

Common Shares

Direct

Shares owned8.51K

Common Shares

Indirect

Shares owned800.00

Common Shares

Direct

Shares owned1.46K

Total

9.97K direct·800.00 indirect10.77K

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

Derivative Holdings (Post-Transaction)9

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

49.46

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

—

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

—

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

57.74

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

55.71

Expiration

—

Exercise window

—

Total

Underlying

22.50K

Owned

22.50K

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	49.46	—	—	2.50K	2.50K
Stock Option Direct	Common Stock	51.07	—	—	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
Stock Option Direct	Common Stock	47.03	—	—	2.50K	2.50K
Stock Option Direct	Common Stock	57.74	—	—	2.50K	2.50K
Stock Option Direct	Common Stock	44.42	—	—	2.50K	2.50K
Stock Option Direct	Common Stock	55.71	—	—	2.50K	2.50K
Total					22.50K	22.50K