TANGER INC. — Director's Dealing 2014

May 6, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TANGER FACTORY OUTLET CENTERS INC (SKT)
CIK: 0000899715
Period of Report: 2014-05-05

Reporting Person: SUMMERELL VIRGINIA R (Senior VP, Treasurer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-05-05	Common Stock	S	6000	$35.69	Disposed	50858	Direct

Footnotes

F1: Represents the weighted average sales price of multiple transactions ranging from $35.671 to $35.715.