TANGER INC. — Director's Dealing 2013

Jan 29, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TANGER FACTORY OUTLET CENTERS INC (SKT)
CIK: 0000899715
Period of Report: 2013-01-24

Reporting Person: TANGER STEVEN B (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-01-07	Common Stock	G	18000	—	Disposed	574800	Direct
2013-01-24	Common Stock	P	18595	$35.35	Acquired	593395	Direct
2013-01-28	Common Stock	G	18595	—	Disposed	574800	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	12196	Indirect

Footnotes

F1: Mr. Tanger contributed the shares to Regnat, LLC whose sole member is the Steven B. Tanger 2011 Family Trust, an irrevocable Trust of which he is a beneficiary, but of which he is not the trustee or investment advisor and therefore he has no investment control over the shares indirectly held by the Trust. Accordingly, Mr. Tanger is not deemed to be the beneficial owner of such shares.

F2: On January 24, 2013, Mr. Tanger received 18,595 common shares and $32.74 in cash from the Steven B. Tanger Spray Trust 2010, a trust of which he is a beneficiary, but of which he is not the trustee or investment advisor, and therefore he has no investment control over the shares held by the trust. Mr. Tanger received the shares and cash in satisfaction of outstanding principal and accrued interest of $657,365.99 under certain promissory notes due by the trust to Mr. Tanger.