TANGER INC. — Director's Dealing 2013

Mar 1, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TANGER FACTORY OUTLET CENTERS INC (SKT)
CIK: 0000899715
Period of Report: 2013-02-28

Reporting Person: MARCHISELLO FRANK C JR (Executive VP and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-02-28	Common Stock	S	23360	$35.326	Disposed	289864	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	360	Indirect

Footnotes

F1: Securities sold pursuant to a plan intended to comply with Rule 10b5-1, previously adopted on May 27, 2008 and amended on February 29, 2012 to direct the sale of certain restricted shares upon vesting to cover the applicable withholding taxes due upon vesting.

F2: Represents the weighted average share price of multiple transactions ranging from $35.185 to $35.435.