TANGER INC. — Director's Dealing 2011

Feb 11, 2011

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: TANGER FACTORY OUTLET CENTERS INC (SKT)
CIK: 0000899715
Period of Report: 2010-12-31

Reporting Person: ROBINSON THOMAS E (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-12-31	Common Stock	G	500	—	Disposed	22998	Direct
2010-12-31	Common Stock	G	500	—	Disposed	22498	Direct
2010-12-31	Common Stock	G	500	—	Acquired	500	Indirect

Footnotes

F1: This transaction involved a gift of securities by Mr. Robinson to his son, who shares his household. Mr. Robinson disclaims beneficial ownership of the shares held by his son, and this report should not be deemed an admission that the reporting person is the beneficial owner of his son's shares for purposes of Section 16 or for any other purpose.

F2: On January 24, 2011, subsequent to the date of this transaction, the common shares of Tanger Factory Outlet Centers, Inc. split 2-for1, resulting in Mr. Robinson's ownership of 22,498 additional common shares directly owned, and 500 additional shares indirectly owned by his son. The holdings shown above are on a pre-split basis, and therefore does not include the additional shares acquired as a result of the split.