0000907254-19-000078.txt : 20191008 0000907254-19-000078.hdr.sgml : 20191008 20191008110229 ACCESSION NUMBER: 0000907254-19-000078 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20191004 FILED AS OF DATE: 20191008 DATE AS OF CHANGE: 20191008 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: SHERREN CHARLES W JR CENTRAL INDEX KEY: 0001228480 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-12254 FILM NUMBER: 191142049 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: SAUL CENTERS INC CENTRAL INDEX KEY: 0000907254 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 521833074 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 7501 WISCONSIN AVENUE STREET 2: SUITE 1500 CITY: BETHESDA STATE: MD ZIP: 20814 BUSINESS PHONE: 3019866016 MAIL ADDRESS: STREET 1: 7501 WISCONSIN AVENUE STREET 2: SUITE 1500 CITY: BETHESDA STATE: MD ZIP: 20814 4 1 wf-form4_157054692682424.xml FORM 4 X0306 4 2019-10-04 0 0000907254 SAUL CENTERS INC BFS 0001228480 SHERREN CHARLES W JR 7501 WISCONSIN AVENUE 15TH FLOOR BETHESDA MD 20814 0 1 0 0 Sr. VP- Property Management Common Shares 11025 I 401K Common Shares 2019-10-04 4 M 0 6007 41.82 A 6691.285 D Common Shares 2019-10-04 4 S 0 6007 53.03 D 684.285 D Common Shares 2019-10-07 4 M 0 3993 41.82 A 4677.285 D Common Shares 2019-10-07 4 S 0 3993 53 D 684.285 D Employee Stock Option 41.82 2019-10-04 4 M 0 6007 41.82 D 2011-05-13 2021-05-13 Common Stock 6007.0 3993 D Employee Stock Option 41.82 2019-10-07 4 M 0 3993 41.82 D 2011-05-13 2021-05-13 Common Stock 3993.0 0 D Employee Stock Option 44.42 2013-05-10 2023-05-10 Common Stock 10000.0 10000 D Employee Stock Option 47.03 2014-05-09 2024-05-09 Common Stock 10000.0 10000 D Employee Stock Option 51.07 2015-05-08 2025-05-08 Common Stock 10000.0 10000 D Employee Stock Option 57.74 2016-05-06 2026-05-06 Common Stock 10000.0 10000 D Employee Stock Option 59.41 2017-05-05 2027-05-05 Common Stock 10000.0 10000 D Employee Stock Option 49.46 2018-05-11 2028-05-11 Common Stock 10000.0 10000 D Employee Stock Option 55.71 2019-05-03 2029-05-03 Common Stock 10000.0 10000 D Effective April 1, 2009, shares formerly held by the B.F. Saul Company Employees' Profit Sharing Reinvestment Trust were distributed to the individual 401(k) plan accounts of participants. The number of shares reported represents the reporting person's beneficial ownership interest in the Saul Centers stock fund of the 401(k) plan. Balance increased by July 31, 2019 Dividend Reinvestment Plan award of 6.693 shares. The options vest 25% per year over four years from the date of grant. Scott V. Schneider, by Power of Attorney 2019-10-08 EX-24 2 sherren-conformed.htm POA

POWER OF ATTORNEY


KNOW ALL BY THESE PRESENTS, that the undersigned hereby constitutes and appoints
Scott V Schneider, the undersigned?s true and lawful attorney-in-fact to:

    (1)    execute for and on behalf of the undersigned, in the undersigned?s capacity as an
officer of Saul Centers, Inc. (the ?Company?), Forms 3, 4 and 5 in accordance with Section 16(a)
of the Securities and Exchange Act of 1934 and the rules thereunder;

    (2)     do and perform any and all acts for and on behalf of the undersigned which may
be necessary or desirable to complete and execute any such Form 3, 4, or 5, complete and
execute any amendment or amendments thereto, and timely file such form with the United States
Securities and Exchange Commission and any stock exchange or similarly authority; and

    (3)     take any other action of any type whatsoever in connection with the foregoing
which, in the opinion of such attorney-in-fact, may be of benefit to, in the best interest of, or
legally required by, the undersigned, it being understood that the documents executed by such
attorney-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in such
form and shall contain such terms and conditions as such attorney-in-fact may approve in such
attorney-in-fact?s discretion.

    The undersigned hereby grants to such attorney-in-fact full power and authority to do and
perform any and every act and thing whatsoever requisite, necessary, or proper to be done in the
exercise of any of the rights and powers herein granted, as fully to all intents and purposes as the
undersigned might or could do if personally present, with full power of substitution or
revocation, hereby ratifying and confirming all that such attorney-in-fact, or such attorney-in-
fact?s substitute or substitutes, shall lawfully do or cause to be done by virtue of this power of
attorney and the rights and powers herein granted.  The undersigned acknowledges that the
foregoing attorney-in-fact, in serving in such capacity at the request of the undersigned, is not
assuming, nor is the Company assuming, any of the undersigned?s responsibilities to comply
with Section 16 of the Securities Exchange Act of 1934.

    This Power of Attorney shall remain in full force and effect until the undersigned is no
longer required to file Forms 3, 4, and 5 with respect to the undersigned?s holdings of and
transactions in securities issued by the Company, unless earlier revoked by the undersigned in a
signed writing delivered to the foregoing attorneys-in-fact.

    IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be
executed as of this 30th day of November, 2004.



                        Signature:    /s/ Charles W. Sherren, Jr.
                        Name:        Charles W. Sherren, Jr.