Insider Trades - NETTER CHRISTOPHER

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NETTER CHRISTOPHER: Declared Holdings
Company/Relationship	Reported	Shares	Ownership
SAUL CENTERS INC Officer NYSE:BFS (historical quotes, profile, SEC, other insiders)	23-Sep-08	0	Direct

Insider & restricted shareholder transactions reported over the last two years
Date Shares Stock Transaction
23-Sep-08 3,500 BFS Option Exercise at $24.91 per share.
(Cost of $87,185)
23-Sep-08 3,500 BFS Sale at $50 per share.
(Proceeds of $175,000)

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Insider & restricted shareholder transactions reported over the last two years
Date	Shares	Stock	Transaction
23-Sep-08	3,500	BFS	Option Exercise at $24.91 per share. (Cost of $87,185)
23-Sep-08	3,500	BFS	Sale at $50 per share. (Proceeds of $175,000)