<SEC-DOCUMENT>0000812291-19-000022.txt : 20191021
<SEC-HEADER>0000812291-19-000022.hdr.sgml : 20191021
<ACCEPTANCE-DATETIME>20191021110111
ACCESSION NUMBER:		0000812291-19-000022
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20191017
FILED AS OF DATE:		20191021
DATE AS OF CHANGE:		20191021

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			MIZUHO SECURITIES USA LLC
		CENTRAL INDEX KEY:			0000812291
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-12254
		FILM NUMBER:		191159077

	BUSINESS ADDRESS:	
		STREET 1:		320 PARK AVENUE
		STREET 2:		12TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
		BUSINESS PHONE:		212-209-9386

	MAIL ADDRESS:	
		STREET 1:		320 PARK AVENUE
		STREET 2:		12TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022

	FORMER NAME:	
		FORMER CONFORMED NAME:	MIZUHO SECURITIES USA INC.
		DATE OF NAME CHANGE:	20170406

	FORMER NAME:	
		FORMER CONFORMED NAME:	MIZUHO SECURITIES USA LLC
		DATE OF NAME CHANGE:	20170404

	FORMER NAME:	
		FORMER CONFORMED NAME:	MIZUHO SECURITIES USA INC.
		DATE OF NAME CHANGE:	20020321

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
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>primary_doc.xml
<DESCRIPTION>PRIMARY DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0206</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2019-10-17</periodOfReport>

    <noSecuritiesOwned>1</noSecuritiesOwned>

    <issuer>
        <issuerCik>0000907254</issuerCik>
        <issuerName>SAUL CENTERS INC</issuerName>
        <issuerTradingSymbol>BFS</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0000812291</rptOwnerCik>
            <rptOwnerName>MIZUHO SECURITIES USA LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>320 PARK AVENUE</rptOwnerStreet1>
            <rptOwnerStreet2>12TH FLOOR</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10022</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>1</isOther>
            <otherText>See Remarks</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <remarks>No securities are beneficially owned.

On October 17 2019 the Reporting Person entered into master securities loan agreements with each lender party signatory thereto (collectively the MSLAs) pursuant to which the Reporting Person borrowed an aggregate total of 3104700 shares of common stock of the Issuer which caused the Reporting Person to become a greater than ten percent owner with respect to the Issuer.  On October 18 2019 the Reporting Person returned 3104700 shares of the Issuer pursuant to the MSLAs.  Following the return of the borrowed shares the Reporting Person was no longer a greater than ten percent owner with respect to the Issuer.  To the extent the Reporting Person is entitled to receive any dividends with respect to the previously borrowed shares of the Issuer such dividends will be subject to the terms and conditions of the MSLAs.  The Reporting Person disclaims beneficial ownership of the previously borrowed shares of the Issuer for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934 as amended.</remarks>

    <ownerSignature>
        <signatureName>Gregory Doig</signatureName>
        <signatureDate>2019-10-17</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
