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TANGER INC. — Director's Dealing 2010
Aug 2, 2010
31204_dirs_2010-08-02_e674275c-c6a4-418f-9a20-a23c22a410cd.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: TANGER FACTORY OUTLET CENTERS INC (SKT)
CIK: 0000899715
Period of Report: 2010-08-02
Reporting Person: GELDNER CARRIE A (Senior V.P. of Marketing)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2010-08-02 | Common Stock | M | 1500 | $19.415 | Acquired | 12702 | Direct |
| 2010-08-02 | Common Stock | S | 1500 | $45.00 | Disposed | 11202 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-08-02 | Limited Partnership Unit Option (Right to Buy) | $19.415 | M | 1500 | Disposed | 2014-04-27 | Common Stock (1500) | Direct |
Footnotes
F1: Options to purchase limited partnership units, granted pursuant to the Tanger Properties Limited Partnership Unit Option Plan. Due to the two-for-one split of the Company's common shares on December 28, 2004, each unit obtained upon exercise of option is now exchangeable for common shares on a two-for-one basis. Accordingly, the number of options and the exercise prices stated have been adjusted to reflect the effect of the split.
F2: The option becomes exercisable in five equal annual installments, commencing one year from the date of grant.