0000907254-20-000056.txt : 20200513 0000907254-20-000056.hdr.sgml : 20200513 20200513143543 ACCESSION NUMBER: 0000907254-20-000056 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20200512 FILED AS OF DATE: 20200513 DATE AS OF CHANGE: 20200513 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Friedman Joel Albert CENTRAL INDEX KEY: 0001472420 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-12254 FILM NUMBER: 20872463 MAIL ADDRESS: STREET 1: 7501 WISCONSIN AVENUE STREET 2: SUITE 1500 CITY: BETHESDA STATE: MD ZIP: 20814 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 FORMER COMPANY: FORMER CONFORMED NAME: SAUL CENTERS INC DATE OF NAME CHANGE: 19930617 4 1 wf-form4_158939492428545.xml FORM 4 X0306 4 2020-05-12 0 0000907254 SAUL CENTERS, INC. BFS 0001472420 Friedman Joel Albert 7501 WISCONSIN AVENUE 15TH FLOOR BETHESDA MD 20814 0 1 0 0 Sr. V.P./Chief Acctng Officer Common Shares 10358.59 I 401K Common Shares 109.922 D Series E Preferred Stock 2020-05-12 4 P 0 100 19.55 A 100 D Series E Preferred Stock 2020-05-13 4 P 0 100 18.85 A 200 D Series D Preferred Stock 2020-05-13 4 P 0 100 19.32 A 100 D Employee Stock Option 41.82 2011-05-13 2021-05-13 Common Stock 5000.0 5000 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 15000.0 15000 D Employee Stock Option 50.0 2020-04-24 2030-04-24 Common Stock 20000.0 20000 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 April 30, 2020 Dividend Reinvestment Plan award of 1.717 shares. The options vest 25% per year over four years from the date of grant. Scott V. Schneider, by Power of Attorney 2020-05-13 EX-24 2 friedman-conformed.htm POA-FRIEDMAN

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 16th day of September, 2009.



                        Signature:    /s/ Joel Albert Friedman
                        Name:        Joel Albert Friedman