TANGER INC. — Director's Dealing 2010

Jan 13, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TANGER FACTORY OUTLET CENTERS INC (SKT)
CIK: 0000899715
Period of Report: 2010-01-11

Reporting Person: MORRISON LISA J (Senior VP Leasing)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-01-11	Common Stock	A	3000	—	Acquired	3000	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	9002	Direct

Footnotes

F1: Represents a grant of restricted shares approved by the Share and Unit Option Committee of the Company's Board of Directors on January 11, 2010 under the Company's Amended and Restated Incentive Award Plan. The restricted shares vest and the restrictions cease to apply on twenty percent of the award on each February 28th over a five year period beginning February 28, 2011.