TANGER INC. — Director's Dealing 2011

Dec 1, 2011

SEC Form 4/A — Form 4/A

Issuer: TANGER FACTORY OUTLET CENTERS INC (SKT)
CIK: 0000899715
Period of Report: 2011-11-30

Reporting Person: Williams James Floyd (Sr.Vice President & Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-11-30	Common Stock	M	1000	$9.7075	Acquired	32056	Direct
2011-11-30	Common Stock	S	1000	$28.14	Disposed	31056	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-11-30	Limited Partnership Unit Option (Right to Buy)	$9.7075	M	1000	Disposed	2014-04-27	Common Stock (1000)	Direct

Footnotes

F1: This filing amends the previously filed form to correctly report the beginning and ending holdings as 31,056. The previously filed form mistakenly reported the beginning and ending holdings as 32,056.

F2: Options to purchase limited partnership units of Tanger Properties Limited Partnership, granted pursuant to the Amended and Restated Incentive Award Plan of Tanger Factory Outlet Centers, Inc. and Tanger Properties Limited Partnership. The number of options and the exercise prices stated above have been adjusted to relfect the effect of the prior splits of the common shares of Tanger Factory Outlet Centers, Inc.

F3: The option becomes exercisable in five equal annual installments, commencing one year from the date of grant.