TANGER INC. — Director's Dealing 2010

Sep 23, 2010

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: TANGER FACTORY OUTLET CENTERS INC (SKT)
CIK: 0000899715
Period of Report: 2010-08-18

Reporting Person: Stanley K. Tanger Marital Trust (10% Owner)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	278062	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Limited Partnership Units exchangeable for Common Stock	$0		Common Stock (6066610)		Indirect

Footnotes

F1: Includes 278,062 shares of Common Stock owned by the Tanger Family Limited Partnership. On August 18, 2010 the Stanley K. Tanger Marital Trust became the general partner of the Tanger Family Limited Partnership and thus may be deemed to be the beneficial owner of such partnership's holdings. The Stanley K. Tanger Marital Trust disclaims beneficial ownership of the Tanger Family Limited Partnership's holdings except to the extent of its pecuniary interest therein.

F2: Includes 3,033,305 limited partnership units of Tanger Properties Limited Partnership owned by Tanger Family Limited Partnership which are exchangeable into 6,066,610 common shares of Tanger Factory Outlet Centers, Inc. On August 18, 2010 the Stanley K. Tanger Marital Trust became the general partner of the Tanger Family Limited Partnership and thus may be deemed to be the beneficial owner of such partnership's holdings. The Stanley K. Tanger Marital Trust disclaims beneficial ownership of the Tanger Family Limited Partnership's holdings except to the extent of its pecuniary interest therein.

F3: The limited partnership units have no expiration date.