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TANGER INC. — Director's Dealing 2011
Nov 14, 2011
31204_dirs_2011-11-14_40a41406-2cea-4877-afb3-51f9fd0965a0.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: 2011-11-10
Reporting Person: TANGER STEVEN B (Director, President and CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2011-09-27 | Common Stock | W | 7286 | — | Acquired | 1089005 | Direct |
| 2011-11-10 | Common Stock | M | 28000 | — | Acquired | 1117005 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2011-10-01 | Limited Partnership Units | $0 | W | 16783 | Acquired | Common Stock (67132) | Direct | |
| 2011-11-10 | Limited Partnership Unit Option (Right to Buy) | $9.7075 | M | 28000 | Disposed | 2014-04-27 | Common Stock (28000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 1916 | Indirect |
Footnotes
F1: Each limited partnership unit is exchangeable into 4 common shares of Tanger Factory Outlet Centers, Inc.
F2: The limited partnership units have no expiration date.
F3: 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 reflect the effect of the prior splits of the common shares of Tanger Factory Outlet Centers, Inc.
F4: The option becomes exercisable in five equal annual installments, commencing one year from the date of grant.