TANGER INC. — Director's Dealing 2011

Dec 14, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TANGER FACTORY OUTLET CENTERS INC (SKT)
CIK: 0000899715
Period of Report: 2011-12-12

Reporting Person: Perry Chad (Exec. VP and General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-12-12	Common Stock	A	5000	—	Acquired	5000	Direct

Footnotes

F1: Represents a grant of restricted shares approved by the Share and Unit Option Committee of the Company's Board of Directors 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 anniversary of the grant date over a five year period.