-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, TYYFvzcNJEysbdv08JsZhlsl0HkuayTbUkZRlhOHlChOGW2bjPVI2pzo5TpGkDYD vk/gpCM44GygOnDDEMmk3g== 0000898822-02-001370.txt : 20021115 0000898822-02-001370.hdr.sgml : 20021115 20021115144912 ACCESSION NUMBER: 0000898822-02-001370 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 7 FILED AS OF DATE: 20021115 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TAUBMAN CENTERS INC CENTRAL INDEX KEY: 0000890319 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 382033632 STATE OF INCORPORATION: MI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-42862 FILM NUMBER: 02829575 BUSINESS ADDRESS: STREET 1: 200 E LONG LAKE RD STREET 2: SUITE 300 P O BOX 200 CITY: BLOOMFIELD HILLS STATE: MI ZIP: 48303-0200 BUSINESS PHONE: 2482586800 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: TAUBMAN ROBERT S CENTRAL INDEX KEY: 0001066546 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 200 EAST LONG LAKE RD STREET 2: C/O THE TAUBMAN CO, SUITE 300 CITY: BLOOMFIELD HILLS STATE: MI ZIP: 48304 BUSINESS PHONE: 2482586800 MAIL ADDRESS: STREET 1: 200 EAST LONG LAKE RD STREET 2: SUITE 300 P O BOX 200 CITY: BLOOMFIELD HILLS STATE: MI ZIP: 48303-0200 SC 13D/A 1 november15taubman13da.txt SCHEDULE 13D/A ============================================================================== UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D/A UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 1) TAUBMAN CENTERS, INC. ------------------------------------------- (Name of Issuer) COMMON STOCK, PAR VALUE $.001 PER SHARE (Title of Class of Securities) 82966U-10-3 --------------- (CUSIP Number) ----------------------------------------------------------- KENNETH H. GOLD, ESQ. MIRO WEINER & KRAMER 500 N. WOODWARD AVENUE BLOOMFIELD HILLS, MICHIGAN 48304 (248) 258-1205 ----------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) NOVEMBER 14, 2002 ---------------------------------------------------------- (Date of Event Which Requires Filing of This Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box [_] Page 1 of 38 Pages ============================================================================== SCHEDULE 13D/A CUSIP No. 876664103 Page 2 of 38 Pages ============================================================================== - ------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) ROBERT S. TAUBMAN - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (b) [_] - -------------------------------------------------------------------------------- 3 SEC USE ONLY [_] - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS N/A - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE ORGANIZATION UNITED STATES - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 2,841,814 NUMBER OF ------------------------------------------------------------ 8 SHARES SHARED VOTING POWER 547,984* BENEFICIALLY ------------------------------------------------------------ 9 OWNED BY SOLE DISPOSITIVE POWER 400,941 EACH ------------------------------------------------------------ 10 REPORTING SHARED DISPOSITIVE POWER 547,984** PERSON WITH - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,389,798** - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [X] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.5% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN - -------------------------------------------------------------------------------- - ------------------------ * Includes A) 2,440,873 Shares (as defined herein) and Units (as defined herein) subject to the following voting agreements: (1) Voting Agreement among Robert S. Taubman, Max M. Fisher, as Trustee of The Max M. Fisher Revocable Trust, and Martinique Hotel, Inc.; (2) Voting Agreement between Robert S. Taubman and John Rakolta Jr., Terry Rakolta, the Eileen Heather Vanderkloot Irrevocable Trust, U/A dated 12/22/92, the Lauren Rakolta Irrevocable Trust, U/A dated 12/22/92, the Paige Alexandra Rakolta Irrevocable Trust, U/A dated 12/22/92 and the John Rakolta, III Irrevocable Trust, U/A dated 12/22/92; and (3) Voting Agreement between Robert S. Taubman and Robert C. Larson as Trustee of the Robert C. Larson Revocable Trust u/a/d 11/24/86, as amended; B) 245,016 presently vested options granted to Robert S. Taubman. Does not include 8,500 Shares owned by Mr. Taubman's spouse and Mr. Taubman's child or 942,188 Shares (including Units and shares of Series B Preferred Stock on an as converted basis) owned by The A. Alfred Taubman Restated Revocable Trust, William S. Taubman, TRA Partners, Taub Co. Management Holdings, LLC, Taubman Realty Ventures LLC or TG Partners Limited Partnership of which Mr. Taubman disclaims beneficial ownership to the extent beyond his pecuniary interest in such entities. ** Includes, on an as converted basis, 547,984 shares of Series B Preferred Stock and Units held by R&W-TRG, LLC, a company owned by Mr. Robert S. Taubman and Mr. William S. Taubman. SCHEDULE 13D/A CUSIP No. 876664103 Page 3 of 38 Pages ============================================================================== - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) The A. Alfred Taubman Restated Revocable Trust - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - ------------------------------------------------------------------------------- 3 SEC USE ONLY [ ] - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS N/A - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 100** ---------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 188,599 ---------------------------------------------------------------- EACH 9 REPORTING SOLE DISPOSITIVE POWER 100** PERSON WITH ---------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 188,599 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 188,699*** - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [X] - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) <1% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN - ------------------------------------------------------------------------------- - ------------------------ ** Includes, on an as converted basis, shares of Series B Preferred Stock owned by The A. Alfred Taubman Restated Revocable Trust, Courtney Lord, Taubman Realty Ventures LLC, Taub-Co Management, Inc., TRA Partners, Taub Co. Management, Inc., or TG Partners Limited Partnership. *** The A. Alfred Taubman Restated Revocable Trust disclaims beneficial ownership of all Shares owned by Robert S. Taubman, William S. Taubman, R&W-TRG, LLC and any beneficial ownership in the Units or Shares held beyond his pecuniary interest by TRA Partners, Taubman Realty Ventures LLC, Taub-Co Management, Inc., or TG Partners, Limited Partnership. SCHEDULE 13D/A CUSIP No. 876664103 Page 4 of 38 Pages - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) TRA Partners - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - ------------------------------------------------------------------------------- 3 SEC USE ONLY [ ] - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS N/A - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Michigan - ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 188,101* ---------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 0 ---------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 188,101* ---------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER 0 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 188,101* - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) <1% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN - ------------------------------------------------------------------------------- - -------------------------- * Includes 186,837 shares of Common Stock and 17,699,879 Units on an as converted basis. SCHEDULE 13D/A CUSIP No. 876664103 Page 5 of 38 Pages - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS (ENTITIES ONLY) I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Taub-Co Holdings, LLC - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - ------------------------------------------------------------------------------- 3 SEC USE ONLY [ ] - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS N/A - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 0* ----------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 0* ----------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 0* ----------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER 0* - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0* - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) <1% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN - ------------------------------------------------------------------------------- - ------------------------ *Includes 1,975 shares of Series B Preferred Stock on an as converted basis. SCHEDULE 13D/A CUSIP No. 876664103 Page 6 of 38 Pages - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS (ENTITIES ONLY) I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS TG Partners Limited Partnership - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - ------------------------------------------------------------------------------- 3 SEC USE ONLY [ ] - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS N/A - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Michigan - ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 451** ----------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 0 ----------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 451** ----------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER 0 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 451** - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) <1% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN - ------------------------------------------------------------------------------- - ------------------------- ** Includes, on an as converted basis, shares of Series B Preferred Stock owned by TG Partners Limited Partnership. SCHEDULE 13D/A CUSIP No. 876664103 Page 7 of 38 Pages - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS (ENTITIES ONLY) I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS TG Acquisitions - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - ------------------------------------------------------------------------------- 3 SEC USE ONLY [ ] - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS N/A - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Michigan - ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 31** ----------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 0 ----------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 31** ----------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER 0 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 31** - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) <1% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN - ------------------------------------------------------------------------------- - -------------------------- ** Includes, on an as converted basis, shares of Series B Preferred Stock. SCHEDULE 13D/A CUSIP No. 876664103 Page 8 of 38 Pages - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS (ENTITIES ONLY) I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Courtney Lord - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - ------------------------------------------------------------------------------- 3 SEC USE ONLY [ ] - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS N/A - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 12* ----------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 0 ----------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 12* ----------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER 0 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 12* - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) <1% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN - ------------------------------------------------------------------------------- - ------------------------- * Includes, on an as converted basis, shares of Series B Preferred Stock. CUSIP No. 876664103 Page 9 of 38 Pages ============================================================================== - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Robert C. Larson, Trustee of the Robert C. Larson Revocable Trust - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - ------------------------------------------------------------------------------- 3 SEC USE ONLY [ ] - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS N/A - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 0 ---------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 0 ---------------------------------------------------------------- EACH 9 REPORTING SOLE DISPOSITIVE POWER 1,428,559* PERSON WITH ---------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,428,559* - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.7% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON OO - ------------------------------------------------------------------------------- - ------------------------- *Includes 266,636 shares of Common Stock and 1,161,841 shares of Series B Preferred Stock and 1,161,841 Units included on an as converted basis. CUSIP No. 876664103 Page 10 of 38 Pages ============================================================================== - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Taubman Realty Ventures, LLC - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - ------------------------------------------------------------------------------- 3 SEC USE ONLY [ ] - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS N/A - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Michigan - ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 0 ---------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 0 ---------------------------------------------------------------- EACH 9 REPORTING SOLE DISPOSITIVE POWER 0* PERSON WITH ---------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0* - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) <1% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN - ------------------------------------------------------------------------------- - ------------------------- *Includes, on an as converted basis, shares of Series B Preferred Stock CUSIP No. 876664103 Page 11 of 38 Pages - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) The Max M. Fisher Revocable Trust, as amended and restated in its entirety by Instrument dated May 11, 1992 (as may be amended from time to time) - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - ------------------------------------------------------------------------------- 3 SEC USE ONLY [ ] - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS N/A - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 0 ---------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 0 ---------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 676,965* ---------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER 0 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 676,965* - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [X] - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.3% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON OO - ------------------------------------------------------------------------------- - ------------------------- *Includes 283,600 shares of Common Stock and 393,337 shares of Series B Preferred Stock and 393,337 Units included on an as converted basis owned by the Max M. Fisher Revocable Trust. **The Max M. Fisher Revocable Trust disclaims beneficial ownership of all Shares owned by Martinique Hotel, Inc. SCHEDULE 13D/A CUSIP No. 876664103 Page 12 of 38 Pages - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) MARTINIQUE HOTEL, INC. - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - ------------------------------------------------------------------------------- 3 SEC USE ONLY [ ] - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS N/A - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE - ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 0 ---------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 0 ---------------------------------------------------------------- EACH 9 REPORTING SOLE DISPOSITIVE POWER 41,700 PERSON WITH ---------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 41,700 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) <1% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON CO - ------------------------------------------------------------------------------- SCHEDULE 13D/A CUSIP No. 876664103 Page 13 of 38 Pages - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) WILLIAM S. TAUBMAN - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - ------------------------------------------------------------------------------- 3 SEC USE ONLY [ ] - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS N/A - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION UNITED STATES - ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 714,960 ---------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 547,984 ---------------------------------------------------------------- EACH 9 REPORTING SOLE DISPOSITIVE POWER 714,960 PERSON WITH ---------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 547,984 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,262,944 ++++ - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [X] - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.5% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN - ------------------------------------------------------------------------------- - -------------------------- ++++Includes on an as-converted basis, 5,925 shares of Series B Preferred stock held by William S. Taubman, 584,064 presently vested options, and 163,500 shares of Common Stock. Mr. Taubman disclaims any beneficial ownership in any Shares or Units owned by The A. Alred Taubman Restated Revocable Trust, Robert S. Taubman, TRA Partners, Taub Co. Holdings LLC, Taubman Realty Ventures LLC or TG Partners Limited Partnership of which Mr. Taubman disclaims beneficial ownership to the extent beyond his pecuniary interest in such entities. SCHEDULE 13D/A CUSIP No. 876664103 Page 14 of 38 Pages - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) R&W - TRG, LLC - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - ------------------------------------------------------------------------------- 3 SEC USE ONLY [ ] - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS N/A - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION MICHIGAN - ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 0 ---------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 547,984**** ---------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 0 ---------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER 547,984**** - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 547,984**** - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.1% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN - ------------------------------------------------------------------------------- - ---------------------- ****Includes 547,945 shares of Series B Preferred Stock and 547,945 Units on an as converted basis SCHEDULE 13D/A CUSIP No. 876664103 Page 15 of 38 Pages - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS (ENTITIES ONLY) I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS JOHN RAKOLTA, JR. AND TERRY RAKOLTA, JOINT TENANTS WITH THE RIGHT OF SURVIVORSHIP - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - ------------------------------------------------------------------------------- 3 SEC USE ONLY [ ] - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS N/A - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION UNITED STATES - ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 0 ----------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 0 ----------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 251,260 ----------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER 0 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 251,260**** - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [X] - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) <1% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN - ------------------------------------------------------------------------------- - --------------------------------- ****John Rakolta, Jr. and Terry Rakota, Joint Tenants with the Right of Survivorship disclaim beneficial ownership of all shares owned by The Eileen Heather Vanderkloot Irrevocable Trust, U/A dated 12/22/92, The Lauren Rakolta Irrevocable Trust, U/A dated 12/22/92, The Paige Alexandra Rakolta Irrevocable Trust, U/A dated 12/22/92, and The John Rakolta, III Irrevocable Trust, U/A dated 12/22/92 SCHEDULE 13D/A CUSIP No. 876664103 Page 16 of 38 Pages - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS (ENTITIES ONLY) I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS THE EILEEN HEATHER VANDERKLOOT IRREVOCABLE TRUST, U/A DATED 12/22/92 - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - ------------------------------------------------------------------------------- 3 SEC USE ONLY [ ] - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS N/A - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION UNITED STATES - ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 0 ----------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 0 ----------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 10,835 ----------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER 0 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 10,835 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) <1% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON OO - ------------------------------------------------------------------------------- SCHEDULE 13D/A CUSIP No. 876664103 Page 17 of 38 Pages - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS (ENTITIES ONLY) I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS THE LAUREN RAKOLTA IRREVOCABLE TRUST, U/A DATED 12/22/92 - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - ------------------------------------------------------------------------------- 3 SEC USE ONLY [ ] - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS N/A - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION UNITED STATES - ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 0 ----------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 0 ----------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 10,535 ----------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER 0 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 10,535 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) <1% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON OO - ------------------------------------------------------------------------------- SCHEDULE 13D/A CUSIP No. 876664103 Page 18 of 38 Pages - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS (ENTITIES ONLY) I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS THE PAIGE ALEXANDRA RAKOLTA IRREVOCABLE TRUST, U/A DATED 12/22/92 - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - ------------------------------------------------------------------------------- 3 SEC USE ONLY [ ] - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS N/A - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION UNITED STATES - ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 0 ----------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 0 ----------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 10,509 ----------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER 0 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 10,509 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) <1% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON OO - ------------------------------------------------------------------------------- SCHEDULE 13D/A CUSIP No. 876664103 Page 19 of 38 Pages - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS (ENTITIES ONLY) I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS THE JOHN RAKOLTA, III IRREVOCABLE TRUST, U/A DATED 12/22/92 - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - ------------------------------------------------------------------------------- 3 SEC USE ONLY [ ] - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS N/A - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION UNITED STATES - ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 0 ----------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 0 ----------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 10,509 ----------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER 0 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 10,509 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) <1% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON OO - ------------------------------------------------------------------------------- ITEM 1. SECURITY AND ISSUER. This Amendment No. 1 is filed by Robert S. Taubman with respect to Taubman Centers, Inc., a Michigan corporation (the "Company"), with its principal executive offices at 200 East Long Lake Road, Bloomfield Hills, Michigan 48304, and amends the Schedule 13D originally filed (the "Schedule 13D") by Robert S. Taubman on November 20, 1997. This Amendment No. 1 relates to shares of common stock, par value $0.01 per share ("Common Stock"), of the Company. Capitalized terms used herein without definition shall have the meanings ascribed thereto in the Schedule 13D. ITEM 2. IDENTITY AND BACKGROUND. This Schedule 13D/A is being filed on behalf of the Reporting Persons described below. During the last five years, other than as listed herein and to the knowledge of the Reporting Persons, none of the Reporting Person nor any of the persons listed on Schedule A (Partners, Directors and Executive Officers), which is incorporated herein by reference, (1) has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (2) has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
- --------------------- ------------------ ------------------- ------------------ ------------------- ------------------ REPORTING RESIDENCE, OCCUPATION CONVICTIONS CIVIL CITIZENSHIP PERSON BUSINESS IN CRIMINAL PROCEEDINGS ADDRESS, OR PROCEEDINGS PRINCIPAL OFFICE - --------------------- ------------------ ------------------- ------------------ ------------------- ------------------ - --------------------- ------------------ ------------------- ------------------ ------------------- ------------------ Robert S. Taubman c/o Taubman Chairman of the None None U.S. Centers, Inc., Board, President 200 East Long and Chief Lake Road, Executive Officer Bloomfield of Taubman Hills, Michigan Centers, Inc. 48304 - --------------------- ------------------ ------------------- ------------------ ------------------- ------------------ - --------------------- ------------------ ------------------- ------------------ ------------------- ------------------ The A. Alfred c/o Taubman Former Chairman A. Alfred None U.S. Taubman Restated Centers, Inc., of the Board of Taubman, the Revocable Trust, as 200 East Long Directors of sole trustee of amended and restated Lake Road, Taubman Centers, the A. Alfred in its entirety by Bloomfield Inc. Taubman Restated Instrument dated Hills, Michigan Revocable Trust January 10, 1989 48304 was convicted of and subsequently by conspiracy to Instrument dated restrain trade June 25, in violation of 1997, and by section 1 of the Instrument dated Sherman Act by April 10, 2002, as the United the same has been States District and may hereafter be Court for the amended from time Southern to time. District of New York, final judgment entered April 22, 2002, sentenced to 1 year and 1 day imprisonment and a fine of - --------------------- ------------------ ------------------- ------------------ ------------------- ------------------ - --------------------- ------------------ ------------------- ------------------ ------------------- ------------------ $7,500,000 - --------------------- ------------------ ------------------- ------------------ ------------------- ------------------ Courtney Lord c/o Taubman Senior Vice None None U.S. Centers, Inc., President of 200 East Long Leasing Lake Road, Bloomfield Hills, Michigan 48304 - --------------------- ------------------ ------------------- ------------------ ------------------- ------------------ - --------------------- ------------------ ------------------- ------------------ ------------------- ------------------ Robert C. Larson, c/o Taubman Managing None None U.S. Trustee of the Centers, Inc., Director, Lazard Robert C. Larson 200 East Long LLC, Chairman, Revocable Trust Lake Road, Lazard Freres Bloomfield Real Estate Hills, Michigan Investments LLC 48304 - --------------------- ------------------ ------------------- ------------------ ------------------- ------------------ - --------------------- ------------------ ------------------- ------------------ ------------------- ------------------ The Max M. Fisher c/o Taubman N/A None None U.S. Revocable Trust, as Centers, Inc., amended and 200 East Long restated in its Lake Road, entirety by Bloomfield Instrument dated Hills, Michigan May 11, 1992 (as 48304 may be amended from time to time) - --------------------- ------------------ ------------------- ------------------ ------------------- ------------------ - --------------------- ------------------ ------------------- ------------------ ------------------- ------------------ William S. Taubman c/o Taubman Executive Vice None None U.S. Centers, Inc., President of 200 East Long Taubman Centers, Lake Road, Inc. Bloomfield Hills, Michigan 48304 - --------------------- ------------------ ------------------- ------------------ ------------------- ------------------ - --------------------- ------------------ ------------------- ------------------ ------------------- ------------------ John Rakolta, Jr. c/o Taubman Chairman & CEO None None U.S. and Terry Rakolta, Centers, Inc., Walbridge Aldinger Joint Tenants with 200 East Long the Right of Lake Road, Survivorship Bloomfield Hills, Michigan 48304 - --------------------- ------------------ ------------------- ------------------ ------------------- ------------------ - --------------------- ------------------ ------------------- ------------------ ------------------- ------------------ The Eileen Heather c/o Taubman N/A None None N/A Vanderkloot Centers, Inc., Irrevocable Trust, 200 East Long U/A dated 12/22/92 Lake Road, Bloomfield Hills, Michigan 48304 - --------------------- ------------------ ------------------- ------------------ ------------------- ------------------ - --------------------- ------------------ ------------------- ------------------ ------------------- ------------------ The Lauren Rakolta c/o Taubman N/A None None N/A Irrevocable Trust, Centers, Inc., U/A dated 12/22/92 200 East Long Lake Road, Bloomfield Hills, Michigan 48304 - --------------------- ------------------ ------------------- ------------------ ------------------- ------------------ - --------------------- ------------------ ------------------- ------------------ ------------------- ------------------ The Paige Alexandra c/o Taubman N/A None None N/A Rakolta Irrevocable Centers, Inc., Trust, U/A dated 200 East Long 12/22/92 Lake Road, Bloomfield Hills, Michigan 48304 - --------------------- ------------------ ------------------- ------------------ ------------------- ------------------ - --------------------- ------------------ ------------------- ------------------ ------------------- ------------------ The John Rakolta, c/o Taubman N/A None None N/A III Irrevocable Centers, Inc., Trust, U/A dated 200 East Long Lake Road, Bloomfield Hills, Michigan - --------------------- ------------------ ------------------- ------------------ ------------------- ------------------ - --------------------- ------------------ ------------------- ------------------ ------------------- ------------------ 12/22/92 48304 - --------------------- ------------------ ------------------- ------------------ ------------------- ------------------ - --------------------- ------------------ ------------------- ------------------ ------------------- ------------------ REPORTING PERSON STATE OR PLACE PRINCIPAL ADDRESS OF CONVICTIONS IN CONVICTIONS IN OF ORGANIZATION BUSINESS AND PRINCIPAL OFFICE CRIMINAL CIVIL PROCEEDINGS ADDRESS OF PROCEEDINGS PRINCIPAL BUSINESS - --------------------- ------------------ ------------------- ------------------ ------------------- ------------------ - --------------------- ------------------ ------------------- ------------------ ------------------- ------------------ TRA Partners Michigan Holding Company c/o Taubman None N/A Centers, Inc., c/o Taubman 200 East Long Centers, Inc., Lake Road, 200 East Long Bloomfield Lake Road, Hills, Michigan Bloomfield Hills, 48304 Michigan 48304 - --------------------- ------------------ ------------------- ------------------ ------------------- ------------------ - --------------------- ------------------ ------------------- ------------------ ------------------- ------------------ Taub-Co Holdings LLC Delaware Holding Company c/o Taubman None N/A Centers, Inc., c/o Taubman 200 East Long Centers, Inc., Lake Road, 200 East Long Bloomfield Lake Road, Hills, Michigan Bloomfield Hills, 48304 Michigan 48304 - --------------------- ------------------ ------------------- ------------------ ------------------- ------------------ - --------------------- ------------------ ------------------- ------------------ ------------------- ------------------ TG Partners Limited Michigan Holding Company c/o Taubman None N/A Partnership Centers, Inc., c/o Taubman 200 East Long Centers, Inc., Lake Road, 200 East Long Bloomfield Lake Road, Hills, Michigan Bloomfield Hills, 48304 Michigan 48304 - --------------------- ------------------ ------------------- ------------------ ------------------- ------------------ - --------------------- ------------------ ------------------- ------------------ ------------------- ------------------ TG Acquisitions Michigan Holding Company c/o Taubman None N/A Centers, Inc., c/o Taubman 200 East Long Centers, Inc., Lake Road, 200 East Long Bloomfield Lake Road, Hills, Michigan Bloomfield Hills, 48304 Michigan 48304 - --------------------- ------------------ ------------------- ------------------ ------------------- ------------------ - --------------------- ------------------ ------------------- ------------------ ------------------- ------------------ Taubman Realty Michigan Holding Company c/o Taubman None N/A Ventures LLC Centers, Inc., c/o Taubman 200 East Long Centers, Inc., Lake Road, 200 East Long Bloomfield Lake Road, Hills, Michigan Bloomfield Hills, 48304 Michigan 48304 - --------------------- ------------------ ------------------- ------------------ ------------------- ------------------ - --------------------- ------------------ ------------------- ------------------ ------------------- ------------------ Martinique Hotel, Delaware Holding Company c/o Martinique None N/A Inc. Hotel, Inc., 3011 c/o Martinique West Grand Hotel, Inc., 3011 Blvd, 2607 West Grand Blvd, Fisher Building, 2607 Fisher Detroit, MI 48202 Building, Detroit, MI 48202 - --------------------- ------------------ ------------------- ------------------ ------------------- ------------------ - --------------------- ------------------ ------------------- ------------------ ------------------- ------------------ R&W - TRG, LLC Michigan Holding Company c/o Taubman None N/A Centers, Inc., c/o Taubman 200 East Long Centers, Inc., Lake Road, 200 East Long Bloomfield Lake Road, Hills, Michigan Bloomfield Hills, 48304 Michigan 48304 - --------------------- ------------------ ------------------- ------------------ ------------------- ------------------
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. N/A ITEM 4. PURPOSE OF THE TRANSACTION. On November 13, 2002, David Simon, Chief Executive Officer of Simon Property Group, Inc., sent an unsolicited letter to the Board of Directors of the Company offering $17.50 per share in cash for the Common Stock of the Company. The Company issued a press release opposing the proposed transaction, which is attached to this 13D/A as Exhibit 2 and incorporated herein by reference. Certain of the Reporting Persons have executed the Voting Agreements described in Item 5, granting the sole and absolute right to vote their shares on any and all matters that come before the shareholders of the Company to Robert S. Taubman. Robert S. Taubman, together with, The A. Alfred Taubman Restated Revocable Trust, William S. Taubman, TRA Partners, Taubman Realty Ventures LLC, Taub-Co Management, Inc., TG Partners Limited Partnership, and the R&W-TRG LLC (collectively the "Taubman Family") have informed the Company that they have no interest in pursuing a sale of the Company. Each member of the Taubman Family disclaims beneficial ownership with respect to the other members of the Taubman Family. As described below in response to Item 5, Robert S. Taubman together with the Taubman Family controls 33.6% of the vote of the capital stock of the Company. A sale or other extraordinary transaction would require the approval of the holders of at least 2/3rds of the capital stock of the company. The Reporting Persons have entered into the Voting Agreements for the purposes of preventing an unsolicted takeover of the Company. Except for the foregoing, the Reporting Persons have no plans or proposals which relate to or would result in: (a) the acquisition of any additional securities of the Company, or the disposition of any securities of the Company; (b) an extraordinary corporate transaction, such as a merger, reorganization or liquidation involving the Company or any of its subsidiaries; (c) a sale or transfer of a material amount of assets of the Company or any of its subsidiaries; (d) any change in the present board of directors or management of the Company, including any plans or proposals to change the number or term of directors or to fill any vacancies on the board; (e) any material change in the present capitalization or dividend policy of the Company; (f) any material change in the Company's business or corporate structure; (g) any change in the Company's charter or by-laws or instruments corresponding thereto or other actions which may impede the acquisition of control of the Company by any person; (h) causing a class of securities of the Company to be delisted from a national securities exchange or to cease to be quoted in an inter- dealer quotation system of a registered national securities association; (i) a class of equity securities of the Company becoming eligible for termination and registration pursuant to Section 12(g)(4) of the Securities Exchange Act of 1934, as amended; or (j) any action similar to the foregoing. The Reporting Persons reserve the right, based on all relevant factors, to change their intention with respect to any or all of the matters referred to in this Schedule 13D. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. (a)-(d) Robert S. Taubman has entered into the following voting agreements: (1) Voting Agreement among Robert S. Taubman, Max M. Fisher, as Trustee of The Max M. Fisher Revocable Trust, and Martinique Hotel, Inc. (the "Fisher Agreement"); (2) Voting Agreement between Robert S. Taubman and John Rakolta Jr., Terry Rakolta, the Eileen Heather Vanderkloot Irrevocable Trust, U/A dated 12/22/92, the Lauren Rakolta Irrevocable Trust, U/A dated 12/22/92, the Paige Alexandra Rakolta Irrevocable Trust, U/A dated 12/22/92 and the John Rakolta, III Irrevocable Trust, U/A dated 12/22/92 (the "Rakolta Agreement"); and (3) Voting Agreement between Robert S. Taubman and Robert C. Larson as Trustee of the Robert C. Larson Revocable Trust u/a/d 11/24/86, as amended (the "Larson Agreement" and together with the Fisher Agreement and the Rakolta Agreement collectively the "Voting Agreements"). The Voting Agreements generally grant Robert S. Taubman an irrevocable proxy to conferring on Robert S. Taubman the sole and absolute right to vote the shares of Common Stock and Series B Preferred Stock which are the subject of such agreements. The Larson Agreement has a two year term, the Fisher Agreement and the Rakolta Agreements each have one year terms. The Rakolta Agreement and Larson Agreement grant Robert S. Taubman certain rights to purchase the shares which are subject to that agreement if the grantee decides to sell such shares, the Fisher Agreement contains no such provisions. The foregoing description of the Voting Agreements is qualified in its entirety by reference to such agreements, copies of which are incorporated by reference herein. Pursuant to the Voting Agreements, Robert S. Taubman has the sole and absolute right to vote 885,584 shares of Common Stock and 1,555,178 shares of Series B Preferred Stock. The Taubman Family (as defined above) holds, 500,437 shares of Common Stock, 25,228,882 shares of Series B Preferred Stock and 25,228,882 Units of Taubman Realty Group Limited Partnership ("Units"). Each member of the Taubman Family disclaims beneficial ownership of any shares of Common Stock, Series B Preferred Stock and Units held by any other member of the Taubman Family. When combined with the Shares subject to the Voting Agreements, the Taubman Family and Robert S. Taubman have the right to vote 26,784,060 shares of Series B Preferred Stock and 1,386,021 shares of Common Stock representing 33.6% of the outstanding voting stock of the Company, which as of November 11, 2002 consisted of 52, 183,395 shares of Common Stock and 31,767,066 shares of Series B Preferred Stock. Robert S. Taubman exercised options with respect to 150,000 shares of Common Stock on November 14, 2002 at an exercise price per share of $9.69. William S. Taubman exercised options with respect to 150,000 shares of Common Stock on November 14. 2002, of these 79,004 were exercised at an exercise price of $9.39 and 70,996 were exercised at an exercise price of $9.69 per share. Robert C. Larson bought 266,366 shares of Common Stock on November 14. 2002. The Max M. Fisher Revocable Trust bought 150,000 shares of Common Stock on November 14, 2002, in open market transactions executed on the New York Stock Exchange at a price including commissions of $17.08 per share. Robert S. Taubman holds vested options with respect to 245,016 shares of capital stock. William S. Taubman also holds vested options with respect to 584,064 shares of capital stock. The options held by Robert S. Taubman do not include options with respect to an additional 2,962,620 Units of Partnership Interest (the "Deferred Options") granted to Mr. R. Taubman and subject to an Option Deferral Agreement between the Taubman Company LLC, The Taubman Realty Group Limited Partnership and Robert S. Taubman pursuant to which the gains (i.e., the difference between the fair market value of the Units of Partnership Interest subject to the Deferred Options and the aggregate exercise price of the Deferred Options) that would be recognized by Mr. R. Taubman upon his exercise of the Deferred Options will be deferred. Mr. Taubman will defer receipt of the Units of Partnership Interest covered by the Deferred Options for a period of ten years from the date of exercise. Until the deferred amount has been distributed in full, Mr. Taubman will receive distribution equivalents on the deferred amounts in the form of cash payments as and when the Company makes distributions on actual Units of Partnership Interest outstanding. Beginning with the earlier of Mr. Taubman's cessation of employment for any reason or the ten year anniversary of the date of exercise, the deferred Units of Partnership Interest will be paid to Mr. R. Taubman in ten annual installments. The Deferral Agreement will terminate and the deferred Units of Partnership Interest will be paid to Mr. R. Taubman in a single distribution or upon a "change in control" of TRG. (e) Not applicable. ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. See 5. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS. 1. Joint Filing Agreement, dated November 14, 2002, among Robert S. Taubman, A. Alfred Taubman as Trustee for The A. Alfred Taubman Restated Revocable Trust, as amended and restated in its entirety by Instrument dated January 10, 1989 and subsequently by Instrument dated June 25, 1997 and by Instrument dated April 10, 2002, as the same has been and hereafter may be amended from time to time, TRA Partners, Robert C. Larson, Max M. Fisher, Martinique Hotel, Inc., William S. Taubman, John Rakolta, Jr., Terry Rakolta, Allen Lassiter , as Trustee of the Eileen Heather Vanderkloot Irrevocable Trust, U/A dated 12/22/92, the Lauren Rakolta Irrevocable Trust, U/A dated 12/21/92, the Paige Alexandra Rakolta Irrevocable Trust, U/A dated 12/22/91, and the John Rakolta, III Irrevocable Trust, U/A dated 12/22/92 and the other signatories thereto. 2. Press Release, dated November 13, 2002, from Taubman Centers, Inc., opposing Simon Property Group, Inc.'s offer of $17.50 per share in cash for the Common Stock of Taubman Centers, Inc. 3. Voting Agreement, dated November 14, 2002, among Robert S. Taubman, Max M. Fisher, as Trustee of The Max M. Fisher Revocable Trust, and Martinique Hotel, Inc. 4. Voting Agreement, dated November 14, 2002, between Robert S. Taubman and John Rakolta Jr., Terry Rakolta, the Eileen Heather Vanderkloot Irrevocable Trust, U/A dated 12/22/92, the Lauren Rakolta Irrevocable Trust, U/A dated 12/22/92, the Paige Alexandra Rakolta Irrevocable Trust, U/A dated 12/22/92 and the John Rakolta, III Irrevocable Trust, U/A dated 12/22/92 5. Voting Agreement, dated November 14, 2002, between Robert S. Taubman and Robert C. Larson as Trustee of the Robert C. Larson Revocable Trust u/a/d 11/24/86, as amended. 6. Durable General Power of Attorney regarding the A. Alfred Taubman Restated Revocable Trust SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: November 14, 2002 /s/ Robert S. Taubman ------------------------ By: Robert S. Taubman THE A. ALFRED TAUBMAN RESTATED REVOCABLE TRUST, as amended and restated in its entirety by Instrument dated January 10, 1989 and subsequently by Instrument dated June 25, 1997, and by Instrument dated April 10, 2002, as the same has been and may hereafter be amended from time to time. /s/Jeffrey H. Miro ** ------------------------ TRA Partners /s/Jeffrey H. Miro ** ------------------------ Taub-Co Holdings LLC /s/Jeffrey H. Miro ** ------------------------ TG Partners Limited Partnership /s/Jeffrey H. Miro ** ------------------------ TG Acquisitions /s/Jeffrey H. Miro ** ------------------------ /s/ Courtney Lord ------------------------ By: Courtney Lord Taubman Realty Ventures LLC /s/Jeffrey H. Miro ** ------------------------ /s/ John T. Alfonsi attorney-in-fact for Robert C. Larson, Trustee of the Robert C. Larson Revocable Trust u/a/d 1/24/86, as amended /s/ Max M. Fisher ------------------------ By: Max M. Fisher, acting not individually but as Trustee or successor(s) in trust, of The Max M. Fisher Revocable Trust, as amended and restated in its entirety by Instrument dated May 11, 1992 (as may be amended from time to time) Martinique Hotel, Inc. /s/ Phillip WM. Fisher ------------------------ By: Phillip WM. Fisher Its: Vice President /s/ William S. Taubman ------------------------ By: William S. Taubman R&W - TRG, LLC /s/ William S. Taubman ----------------------- /s/ John Rakolta, Jr. ------------------------ By: John Rakolta, Jr. /s/ Allen Lassiter ------------------------ By: Allen Lassiter, Trustee of the Eileen Heather Vanderkloot Irrevocable Trust, U/A dated 12/22/92 /s/ Allen Lassiter ------------------------ By: Allen Lassiter, Trustee of the Lauren Rakolta Irrevocable Trust, U/A dated 12/21/92 /s/ Allen Lassiter ------------------------ By: Allen Lassiter, Trustee of the Paige Alexandra Rakolta Irrevocable Trust, U/A dated 12/22/91 /s/ Allen Lassiter ------------------------ By: Allen Lassiter, Trustee of the John Rakolta, III Irrevocable Trust, U/A dated 12/22/92 ** Jeffrey H. Miro, as attorney-in-fact under Durable General Power of Attorney dated April 10, 2002, for A. Alfred Taubman, acting not individually, but as the Trustee the A. Alfred Taubman Restated Revocable Trust. APPENDIX A DIRECTORS, OFFICERS, AND PARTNERS TRA Partners The following is a list of all partners of TRA Partners. All partners are United States citizens. Each partner's business address is c/o Taubman Centers, Inc., 200 East Long Lake Road, Bloomfield Hills, Michigan 48304. The A. Alfred Taubman Restated Revocable Trust, as amended and restated in its entirety by Instrument dated January 10, 1989 and subsequently by Instrument dated June 25, 1997, and subsequently by Instrument dated April 10, 2002 as the same may hereafter be amended from time to time Name: Robert S. Taubman Principal Occupation: Chairman of the Board, President, and Chief Executive Officer of Taubman Centers, Inc. Name: William S. Taubman Principal Occupation: Executive Vice President of Taubman Centers, Inc. Name: Gayle Taubman Kalisman Taubman Realty Ventures LLC The following is a list of all partners of Taubman Realty Ventures LLC. All partners are United States citizens. Each partner's business address is c/o Taubman Centers, Inc., 200 East Long Lake Road, Bloomfield Hills, Michigan 48304. The A. Alfred Taubman Restated Revocable Trust, as amended and restated in its entirety by Instrument dated January 10, 1989 and subsequently by Instrument dated June 25, 1997, and subsequently by Instrument dated April 10, 2002 as the same may hereafter be amended from time to time Name: Robert S. Taubman Principal Occupation: Chairman of the Board, President, and Chief Executive Officer of Taubman Centers, Inc. Name: William S. Taubman Principal Occupation: Executive Vice President of Taubman Centers, Inc. Name: Gayle Taubman Kalisman Taub-Co Holdings LLC The following is a list of all members of Taub-Co Holdings LLC. All members are United States citizens. Each member's business address is c/o Taubman Centers, Inc., 200 East Long Lake Road, Bloomfield Hills, Michigan 48304. The A. Alfred Taubman Restated Revocable Trust, as amended and restated in its entirety by Instrument dated January 10, 1989 and subsequently by Instrument dated June 25, 1997, and subsequently by Instrument dated April 10, 2002 as the same may hereafter be amended from time to time Name: Robert S. Taubman Principal Occupation: Chairman of the Board, President, and Chief Executive Officer of Taubman Centers, Inc. Name: William S. Taubman Principal Occupation: Executive Vice President of Taubman Centers, Inc. TG Partners Limited Partnership The following is a list of all partners of TG Partners Limited Partnership. All partners are United States citizens. Each partners business address is c/o Taubman Centers, Inc. 200 East Long Lake Road, Bloomfield Hills, Michigan 48304. TG Michigan, Inc. Taubman Realty Ventures Richard P. Kughn The Kughn Real Properties Co. Robert C. Larson Sidney R. Unobskey Leonard Dobbs Gloria Dobbs Michaela Naggar Bourne Auri Neal Naggar Ron Naggar M.D. David Naggar Tamara Naggar Marvin G. Leech Margaret Putnam The Burkhardt Family Trust Taub-Co Management, Inc. Martinique Hotel, Inc. The following is a list of all Directors of Martinique Hotel, Inc. Each Director's business address is c/o Martinique Hotel, Inc., 3011 West Grand Blvd, 2607 Fisher Building, Detroit, MI 48202. All Directors are United States citizens. Name: Marjorie S. Fisher Principal Occupation: President, Martinique Hotel, Inc. Name: Phillip William Fisher Principal Occupation: Vice President, Martinique Hotel, Inc. Name: Jane F. Sherman Principal Occupation: Secretary, Martinique Hotel, Inc. Name: Mary D. Fisher Principal Occupation: Philanthropist Name: Julie F. Cummings Principal Occupation: Treasurer, Martinique Hotel, Inc. Name: Marjorie M. Fisher Principal Occupation: Assistant Treasurer, Martinique Hotel, Inc. Martinique Hotel, Inc. The following is a list of all executive officers of Martinique Hotel, Inc. excluding executive officers who are also directors. Each officer's business address is c/o Martinique Hotel, Inc., 3011 West Grand Blvd, 2607 Fisher Building, Detroit, MI 48202, which address is Martinique Hotel, Inc.'s business address. All executive officers are United States Citizens. Name: Marjorie S. Fisher Title: President Name: Phillip William Fisher Title: Vice President Name: Jane F. Sherman Title: Secretary Name: Julie F. Cummings Title: Treasurer Name: Marjorie M. Fisher Title: Assistant Treasurer INDEX OF EXHIBITS EXHIBIT NO. DOCUMENT Exhibit 1 Joint Filing Agreement, dated November 14, 2002, among Robert S. Taubman, A. Alfred Taubman as Trustee for The A. Alfred Taubman Restated Revocable Trust, as amended and restated in its entirety by Instrument dated January 10, 1989 and subsequently by Instrument dated June 25, 1997 and by Instrument dated April 10, 2002, as the same has been and hereafter may be amended from time to time, TRA Partners, Robert C. Larson, Max M. Fisher, Martinique Hotel, Inc., William S. Taubman, John Rakolta, Jr., Terry Rakolta, Allen Lassiter, as Trustee of the Eileen Heather Vanderkloot Irrevocable Trust, U/A dated 12/22/92, the Lauren Rakolta Irrevocable Trust, U/A dated 12/21/92, the Paige Alexandra Rakolta Irrevocable Trust, U/A dated 12/22/91, and the John Rakolta, III Irrevocable Trust, U/A dated 12/22/92 and the other signatories thereto. Exhibit 2 Press Release, dated November 13, 2002, from Taubman Centers, Inc., opposing Simon Property Group, Inc.'s offer of $17.50 per share in cash for the common stock of Taubman Centers, Inc. Exhibit 3 Voting Agreement, dated November 14, 2002, among Robert S. Taubman, Max M. Fisher, as Trustee of The Max M. Fisher Revocable Trust, and Martinique Hotel, Inc. Exhibit 4 Voting Agreement, dated November 14, 2002, between Robert S. Taubman and John Rakolta Jr., Terry Rakolta, the Eileen Heather Vanderkloot Irrevocable Trust, U/A dated 12/22/92, the Lauren Rakolta Irrevocable Trust, U/A dated 12/22/92, the Paige Alexandra Rakolta Irrevocable Trust, U/A dated 12/22/92 and the John Rakolta, III Irrevocable Trust, U/A dated 12/22/92. Exhibit 5 Voting Agreement, dated November 14, 2002, between Robert S. Taubman and Robert C. Larson as Trustee of the Robert C. Larson Revocable Trust u/a/d 11/24/86, as amended. Exhibit 6 Durable General Power of Attorney regarding the A. Alfred Taubman Restated Revocable Trust EX-99 3 exhibit1.txt EXHIBIT 1 JOINT FILING AGREEMENT WITH RESPECT TO SCHEDULE 13D/A ----------------------------------------------------- In accordance with Rule 13d-1(k) of Regulation 13D-G under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree that any statement on Schedule 13D/A to be filed with the Securities and Exchange Commission by any of the undersigned, including any amendment thereto, with respect to the Common Stock, par value $.01 per share, of Taubman Centers, Inc., a Michigan corporation, may be filed by Robert S. Taubman, on behalf of each of the undersigned, and further agree that this Joint Filing Agreement may be filed as an exhibit to any such statement. IN WITNESS WHEREOF, the undersigned have caused this Agreement to be executed as of the 14th day of November, 2002. /s/ Robert S. Taubman ------------------------ By: Robert S. Taubman THE A. ALFRED TAUBMAN RESTATED REVOCABLE TRUST, as amended and restated in its entirety by Instrument dated January 10, 1989 and subsequently by Instrument dated June 25, 1997, and by Instrument dated April 10, 2002, as the same has been and may hereafter be amended from time to time. /s/Jeffrey H. Miro ** ------------------------ TRA Partners /s/Jeffrey H. Miro ** ------------------------ Taub-Co Holdings LLC /s/Jeffrey H. Miro ** ------------------------ TG Partners Limited Partnership /s/Jeffrey H. Miro ** ------------------------ TG Acquisitions /s/Jeffrey H. Miro ** ------------------------ /s/ Courtney Lord ------------------------ By: Courtney Lord Taubman Realty Ventures LLC /s/Jeffrey H. Miro ** ------------------------ /s/ John T. Alfonsi attorney-in-fact for Robert C. Larson, Trustee of the Robert C. Larson Revocable Trust u/a/d 1/24/86, as amended /s/ Max M. Fisher ------------------------ By: Max M. Fisher, acting not individually but as Trustee or successor(s) in trust, of The Max M. Fisher Revocable Trust, as amended and restated in its entirety by Instrument dated May 11, 1992 (as may be amended from time to time) Martinique Hotel, Inc. /s/ Phillip WM. Fisher ------------------------ By: Phillip WM. Fisher Its: Vice President /s/ William S. Taubman ------------------------ By: William S. Taubman R&W - TRG, LLC /s/ William S. Taubman ----------------------- /s/ John Rakolta, Jr. ------------------------ By: John Rakolta, Jr. /s/ Allen Lassiter ------------------------ By: Allen Lassiter, Trustee of the Eileen Heather Vanderkloot Irrevocable Trust, U/A dated 12/22/92 /s/ Allen Lassiter ------------------------ By: Allen Lassiter, Trustee of the Lauren Rakolta Irrevocable Trust, U/A dated 12/21/92 /s/ Allen Lassiter ------------------------ By: Allen Lassiter, Trustee of the Paige Alexandra Rakolta Irrevocable Trust, U/A dated 12/22/91 /s/ Allen Lassiter ------------------------ By: Allen Lassiter, Trustee of the John Rakolta, III Irrevocable Trust, U/A dated 12/22/92 ** Jeffrey H. Miro, as attorney-in-fact under Durable General Power of Attorney dated April 10, 2002, for A. Alfred Taubman, acting not individually, but as the Trustee the A. Alfred Taubman Restated Revocable Trust. EX-99 4 exhibit2.txt EXHIBIT 2 TAUBMAN CENTERS, INC. REJECTS UNSOLICITED PROPOSAL TAUBMAN FAMILY -- 30% OWNERS -- CATEGORICALLY OPPOSED TO SALE OF COMPANY BLOOMFIELD HILLS, MICHIGAN, NOVEMBER 13, 2002 - Taubman Centers, Inc. (NYSE: TCO) confirmed today that it has received an unsolicited proposal from Simon Property Group, Inc. (NYSE: SPG) seeking to acquire control of the Company. Taubman Centers said that its Board of Directors had previously met and, with the advice of its outside financial and legal advisors, had considered the proposal. The Board unanimously concluded that Taubman Centers has no interest in pursuing a sale transaction and that discussions regarding such a transaction would not be productive. The Taubman family, large economic stakeholders with voting control of more than 30% of Taubman Centers, has also confirmed that it has no interest in pursuing a sale of the Company. A sale or other extraordinary transaction would require a 2/3rds affirmative vote. The Company stated, "The Taubman Centers Board of Directors has unanimously rejected this proposal. In addition, the Taubman family has informed the Board that is categorically opposed to the sale of the Company. Given the family's position, any efforts to purchase Taubman Centers would not be productive." Goldman, Sachs & Co. is acting as financial advisor and the law firm of Wachtell, Lipton, Rosen & Katz is acting as legal advisor. ABOUT TAUBMAN CENTERS, INC. Taubman Centers, Inc., a real estate investment trust, owns, develops, acquires and operates regional shopping centers nationally. Taubman Centers currently owns and/or manages 30 urban and suburban regional and super regional shopping centers in 13 states. The company is headquartered in Bloomfield Hills, Michigan. # # # Contacts: Barbara Baker Joele Frank/Matt Sherman Taubman Centers, Inc. Joele Frank, Wilkinson Brimmer Katcher (248) 258-7367 (212) 355-4449 EX-99 5 exhibit3.txt EXHIBIT 3 VOTING AGREEMENT Voting Agreement (this "AGREEMENT") made this ______ day of ___________ among Robert S. Taubman ("RST"), Max M. Fisher, acting not individually but as Trustee or the successor(s) in Trust, of The Max M. Fisher Revocable Trust, as amended and restated in its entirety by instrument dated May 11, 1992 (as may be amended from time to time) (the "Trust") and Martinique Hotel, Inc. ("Martinique"). WITNESSETH The Trust is the record and beneficial owner of 283,600 shares of Common Stock of the Company (the "Common Stock") and is the record and beneficial owner of 393,337 shares of the Series B Preferred Stock of the Company and Martinique is the record and beneficial owner of 41,700 shares of Common Stock (collectively the "Fisher Shares"). NOW, THEREFORE, in consideration of and reliance upon the recitals and the covenants contained herein and for other good and valuable consideration, the parties hereto intending to be legally bound, agree as follows: 1. For the one year period from the date of this Agreement, the Trust and Martinique hereby confer upon RST the sole and absolute right to vote the Fisher Shares on any and all matters that come before the shareholders of the Company. 2. RST hereby agrees to indemnify the Trust and Martinique for any and all liabilities, obligations, losses, damages, and reasonable expenses and attorney's fees that they may suffer or incur as a result of entering into this Agreement or the exercise by RST of any of the rights provided to him hereunder, including defending any claim asserting any of the foregoing. IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first above written. -------------------------------- Robert S. Taubman -------------------------------- Max M. Fisher, acting not individually but as Trustee or the successor(s) in trust, of The Max M. Fisher Revocable Trust, as amended and restated in its entirety by instrument dated May 11, 1992 (as may be amended from time to time). Martinique Hotel, Inc. By: ----------------------------- Its: ---------------------------- EX-99 6 exhibit4.txt EXHIBIT 4 VOTING AGREEMENT Voting Agreement (this "AGREEMENT") made this ______ day of ___________ between Robert S. Taubman ("RST") and John Rakolta, Jr. and Terry Rakolta, the Eileen Heather Vanderkloot Irrevocable Trust, U/A dated 12/22/92, the Lauren Rakolta Irrevocable Trust, U/A dated 12/22/92, the Paige Alexandra Rakolta Irrevocable Trust, U/A dated 12/22/92 and the John Rakolta, III Irrevocable Trust, U/A dated 12/22/92 (collectively the "RAKOLTA SHAREHOLDERS"). WITNESSETH WHEREAS, RST is the record and beneficial owner of 5,295 shares of the Series B Preferred Stock of Taubman Centers, Inc. (the "COMPANY"); and WHEREAS, John and Terry Rakolta are the record and beneficial owners of 251,260 shares of Common Stock of the Company (the "COMMON STOCK"); Eileen Rakolta Kiriluk is the record and beneficial owner of 10,835 shares of Common Stock; Lauren Rakolta is the record and beneficial owner of 10,535 shares of Common Stock; Paige Rakolta is the record and beneficial owner of 10,509 shares of Common Stock; and John Rakolta, III is the record and beneficial owner of 10,485 shares of Common Stock. WHEREAS, the Rakolta Shareholders are collectively the record and beneficial owners of 293,624 shares of Common Stock (the "RAKOLTA SHARES"); and WHEREAS, RST and the Rakolta Shareholders desire to enter into a Voting Agreement pursuant to, and in accordance with, ss. 461 of the Michigan Business Corporation Act. NOW, THEREFORE, in consideration of and reliance upon the recitals and the covenants contained herein and for other good and valuable consideration, the parties hereto intending to be legally bound, agree as follows: 1. The Rakolta Shareholders hereby confer upon RST the sole and absolute right to vote the Rakolta Shares on any and all matters that come before the shareholders of the Company. 2. This Agreement shall expire one year from the date of this Agreement (the "TERM"). 3. This Agreement shall be deemed to constitute an irrevocable proxy from the Rakolta Shareholders to RST pursuant to ss. 422(e) of the Michigan Business Corporation Act. 4. (a) If at any time, and from time to time, during the Term, any of the Rakolta Shareholders choose to dispose of any of the Rakolta Shares, the Rakolta Shareholders (or the applicable Rakolta Shareholder(s)) shall first notify RST in writing (the "NOTICE") setting forth the number of Rakolta Shares they intend to sell (the "OFFERED SHARES") and the Price (as hereinafter defined). The price per share for each of the Offered Shares (the "PRICE") shall be as set forth in the Notice, and in any event either (i) the closing price of the Common Stock of the Company (the "COMMON STOCK") on the New York Stock Exchange on the date prior to the date of the Notice; or (ii) the price per share that any third party in a "tender offer" or otherwise is ready, willing and able (without any impediment) to pay for the Offered Shares. (b) RST shall have 5 business days from the date of the Notice within which to agree in writing (the "NOTICE OF ACCEPTANCE") to purchase the Offered Shares at the Price by delivering the Notice of Acceptance to the Rakolta Shareholders (or the applicable Rakolta Shareholder(s)). (c) If RST elects to purchase the Offered Shares, the closing shall take place within 5 business days of the date of the Notice of Acceptance. At the closing, the Rakolta Shareholders (or the applicable Rakolta Shareholder(s)) shall deliver Share Certificates for all of the Offered Shares free and clear of any liens or other impediments to title, either duly endorsed in blank for transfer or with duly executed stock powers attached against payment in cash of the Price multiplied by the number of Offered Shares. (d) If RST does not deliver the Notice of Acceptance within the period set forth in (b) above, the Rakolta Shareholders (or the applicable Rakolta Shareholder(s)) shall be free to sell the Offered Shares and, upon such sale, the Offered Shares so sold shall be released from this Agreement. 5. If the Rakolta Shareholders (or any one or more of them) elect to enter into a financing using Rakolta Shares as collateral, RST (i) shall cooperate fully with the Rakolta Shareholders (or the applicable Rakolta Shareholder(s)) in any such financing; and (ii) shall offer the person providing the financing the same rights as the Rakolta Shareholders have in SECTION 4 hereof as if that person was an original party hereto. 6. This Agreement shall inure to the parties hereto and their respective heirs, successors and assigns. 7. This Agreement shall be governed and interpreted by the internal laws of the State of Michigan. 8. During the Term, each of the parties hereto agrees to take, or cause to be taken, such further actions and to execute and deliver, or cause to be executed and delivered, such further instruments, including, but not limited to irrevocable proxies, as any other party may, from time to time, reasonably request in order to fully effectuate the purposes, terms and conditions of this Agreement. 9. RST hereby agrees to indemnify the Rakolta Shareholders for any and all liabilities, obligations, losses, damages, and reasonable expenses and attorney's fees that they may suffer or incur as a result of entering into this Agreement or the exercise by RST of any of the rights provided to him hereunder, including defending any claim asserting any of the foregoing. 10. This Agreement constitutes the entire agreement between the parties regarding the subject matter. IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first above written. _______________________________ Robert S. Taubman _______________________________ John Rakolta, Jr. _______________________________ Terry Rakolta _______________________________ George Scott Romney, trustee of the Eileen Heather Vanderkloot Irrevocable Trust, U/A dated 12/22/92 _______________________________ George Scott Romney, trustee of the Lauren Rakolta Irrevocable Trust, U/A dated 12/21/92 _______________________________ George Scott Romney, Trustee of the Paige Alexandra Rakolta Irrevocable Trust, U/A dated 12/22/91 _______________________________ George Scott Romney, Trustee of the John Rakolta, III Irrevocable Trust, U/A dated 12/22/92 EX-99 7 exhibit5.txt EXHIBIT 5 VOTING AGREEMENT Voting Agreement (this "Agreement") made this ______ day of _________________ between Robert S. Taubman ("RST") and Robert C. Larson as Trustee of the Robert C. Larson Revocable Trust u/a/d 11/24/86, as amended ("RCL"). WITNESSETH WHEREAS, RST is the record and beneficial owner of 5,295 shares of Series B Preferred Stock of Taubman Centers, Inc. (the "Company"); and WHEREAS, RCL is the record and beneficial owner of 1,161,841 Units of Partnership Interest in The Taubman Realty Group Limited Partnership, 1,161,841 shares of Series B Preferred Stock of the Company and 266,636 shares of Common Stock of the Company (collectively, the "RCL Shares"); and WHEREAS, RST and RCL desire to enter into a Voting Agreement pursuant to, and in accordance with, ss. 461 of the Michigan Business Corporation Act. NOW, THEREFORE, in consideration of and reliance upon the recitals and the covenants contained herein and for other good and valuable consideration, the parties hereto intending to be legally bound, agree as follows: 1. RCL hereby confers upon RST the sole and absolute right to vote the RCL Shares on any and all matters that come before the shareholders of the Company. 2. This Agreement shall expire two years from the date of this Agreement (the "Term"). 3. This Agreement shall be deemed to constitute an irrevocable proxy from RCL to RST pursuant to ss. 422(e) of the Michigan Business Corporation Act. 4. (a) If at any time, and from time to time, during the Term, RCL chooses to dispose of any of the RCL Shares, RCL shall first notify RST in writing (the "Notice") setting forth the number of RCL Shares he intends to sell (the "Offered Shares") and the Price (as hereinafter defined). The price per share for each of the Offered Shares (the "Price") shall be as set forth in the Notice, and in any event either (i) the closing price of the Common Stock of the Company (the "Common Stock") on the New York Stock Exchange on the date prior to the date of the Notice; or (ii) the price per share that any third party in a "tender offer" or otherwise is ready, willing and able (without any impediment) to pay for the Offered Shares. (b) RST shall have 5 business days from the date of the Notice within which to agree in writing (the "Notice of Acceptance") to purchase the Offered Shares at the Price. (c) If RST elects to purchase the Offered Shares, the closing shall take place within 5 business days of the date of the Notice of Acceptance. At the closing, RCL shall deliver Share Certificates and Unit Certificates for all of the Offered Shares free and clear of any liens or other impediments to title, either duly endorsed in blank for transfer or with duly executed stock powers attached against payment in cash of the Price multiplied by the number of Offered Shares. (d) If RST does not deliver the Notice of Acceptance within the period set forth in (b) above, RCL shall be free to sell the Offered Shares and, upon such sale, the Offered Shares so sold shall be released from this Agreement. 5. If RCL elects to enter into a financing using the RCL Shares as collateral, RST (i) shall cooperate fully with RCL in any such financing; and (ii) shall offer the person providing the financing the same rights as RCL has in Section 4 hereof as if that person was an original party hereto. 6. This Agreement shall inure to the parties hereto and their respective heirs, successors and assigns. 7. This Agreement shall be governed and interpreted by the internal laws of the State of Michigan. 8. During the Term, each of the parties hereto agrees to take, or cause to be taken, such further actions and to execute and deliver, or cause to be executed and delivered, such further instruments, including, but not limited to irrevocable proxies, as any other party may, from time to time, reasonably request in order to fully effectuate the purposes, terms and conditions of this Agreement. 9. RST hereby agrees to indemnify RCL for any and all liabilities, obligations, losses, damages, and reasonable expenses and attorney's fees that he may suffer or incur as a result of entering into this Agreement or the exercise by RST of any of the rights provided to him hereunder, including defending any claim asserting any of the foregoing. 10. This Agreement constitutes the entire agreement between the parties regarding the subject matter. IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first above written. -------------------------------- Robert S. Taubman -------------------------------- Robert C. Larson, Trustee of the Robert C. Larson Revocable Trust u/a/d 11/24/86, as amended. EX-99 8 exhibit6.txt EXHIBIT 6 DURABLE GENERAL POWER OF ATTORNEY --------------------------------- KNOW ALL MEN BY THESE PRESENTS, that I, A. ALFRED TAUBMAN, acting not individually but as the Trustee of the A. ALFRED TAUBMAN RESTATED REVOCABLE TRUST (the "AAT RESTATED REVOCABLE TRUST'), a trust existing under a certain revocable trust agreement executed by myself as the Settlor and as the Trustee, as amended and restated in its entirety by Instrument dated on even date herewith (as the same may hereafter be amended from time to time) (the "AA T RESTATED REVOCABLE TRUST AGREEMENT'), the undersigned, as Principal, whose address is 200 East Long Lake Road, P.O. Box 200, Bloomfield Hills, Michigan 483030200, do hereby make, constitute and appoint JEFFREY H. MIRO, whose address is 38500 North Woodward Avenue, Suite 100, P.O. Box 908, Bloomfield Hills, Michigan 48303-0908, my true and lawful attorney-in-fact to exercise on my behalf and in my name, place and stead all of my powers, duties and discretionary authority as the Trustee of the AAT Restated Revocable Trust: 1. General Grant of Power. To exercise or perform any acts, power, duty or right or obligation whatsoever that I now have or may hereafter acquire in my capacity as the Trustee of the AAT Restated Revocable Trust, relating to any person, matter, transaction or property, real or personal, tangible or intangible, now owned or hereafter acquired by me, in my capacity as the Trustee of the AAT Restated Revocable Trust, including without limitation the following specifically enumerated powers: (a) Powers of Collection and Payment. To collect, receive, hold, deposit, demand and sue for sums of money, debts, dues, commercial paper, checks, drafts, accounts, deposits, legacies, bequests, devises, notes, interests, stock certificates, bonds, dividends, certificates of deposit, royalties and annuities, pension and profit share interests, retirement, social security, insurance and other contractual benefits and proceeds, all documents of title, all property, real or personal, intangible and tangible property and property rights, and demands whatsoever, liquidated or unliquidated, now or hereafter owned by, or due, owing, payable or belonging j me, as the Trustee of the AAT Restated Revocable Trust, or in which I have or may hereafter acquire an interest, as the Trustee of the AAT Restated Revocable Trust, to have, use and take all lawful means, including equitable and legal remedies and proceedings in my name for the collection and recovery thereof; and to adjust, sell, compromise, forgive and agree for the same; and to execute and deliver for me on my behalf, in my capacity as the Trustee of the A. Alfred Taubman Restated Revocable Trust, and in my name, all endorsements, settlements, assignments, releases, receipts, deposits or discharges for the same. (b) Power to Acquire and Sell. To purchase, acquire, exchange, grant options to buy or sell, and sell, assign, and convey, otherwise dispose, lease (as lessor or lessee), let, mortgage, pledge, sell or purchase on land contract, installment contract, margin or otherwise, real or personal property, tangible or intangible, or interests therein on such terms and conditions as my attorney-in-fact shall deem proper; to execute and deliver without limitation any quit claim, limited warranty, warranty or other deeds, agreements, land contracts, oil and gas leases, notes, mortgages, deeds of trust, security agreements, security interests, financing statements, guaranties, certifications and affidavits therefor, in my name, place and stead alone, as the Trustee of the A. Alfred Taubman Restated Revocable Trust, or to join therein with any tenants in common, joint tenants, tenants by the entirety, partners in a general or limited partnership, or members in a limited liability company in any and all things including that enumerated herein. (c) Management Powers. To maintain, repair, improve, plat, subdivide, invest, manage, insure, rent, lease, encumber, pledge, and in any manner deal with any real or personal property, tangible or intangible, or any interest therein, that I now own or may hereafter acquire, as the Trustee of the A. Alfred Taubman Restated Revocable Trust, in my name and for my benefit, upon such terms and conditions as my attorney-in-fact shall deem proper. (d) Banking and Brokerage Powers. To make, receive and endorse checks and drafts, deposit and withdraw funds, acquire and redeem certificates of deposit, open, close and otherwise deal with accounts and do all things herein enumerated in banks, savings and loan associations, brokerage companies and other institutions. (e) Vehicles. To apply for a Certificate of Title upon, and endorse and transfer title thereto, for any motor vehicle, boat, airplane or other vehicle. (f) Tax Powers. To represent the AAT Restated Revocable Trust in all tax matters; to prepare, sign, and file any tax document of any kind, including, without limitation, any (i) federal, state, or local income tax, return, (ii) claim for refund, (iii) request for extension of time to file any return or to pay any tax, (iv) petition to the Tax Court or any other court having jurisdiction regarding tax matters, (v) closing agreement, (vi) Internal Revenue Service Form 2848 or 8821, and (vii) power of attorney or form required by the Internal Revenue Service, or any state or local taxing authority with respect to any tax year between the years of 1992 and 2020; to pay any taxes due, collect and make such disposition of refunds as my attorney-in-fact shall deem appropriate, post bonds, receive confidential information, and contest any deficiency determined by the Internal Revenue Service, or any state or local taxing authority; to exercise any elections I, in my capacity as Trustee of the AAT Restated Revocable Trust, may have under federal, state, or local tax law; and generally to represent the AAT Restated Revocable Trust in any tax matters and proceedings of any kind and for all periods between the years of 1992 and 2020 before any representatives or officers of the Internal Revenue Service or any state or local taxing authority; to engage, compensate, and discharge attorneys, accountants and other tax and financial advisors and consultants to represent and/or assist the AAT Restated Revocable Trust in connection with any tax matters involving or in any way related to the AAT Restated Revocable Trust or any property in which the AAT Restated Revocable Trust may have, or may hereafter acquire, any ownership interest. (g) Safe Deposit Boxes. To have access at any time or any times to any safe deposit box rented by me, in my capacity as the Trustee of the AAT Restated Revocable 2 Trust, wheresoever located, to remove all or any part of the contents thereof, and to surrender or relinquish said safe deposit box; and any institution in which such safe deposit box may be located shall not incur any liability to me or my estate as a result of permitting the exercise of any such power by my attorney-in-fact. (h) Power to Receive Mail. To enter any mail box used or hired by the AAT Restated Revocable Trust, whether at a United States Post Office, or elsewhere, and to surrender and terminate the lease for and such box at my attorney-in-fact's discretion; to sign for any certified or registered mail directed to me, in my capacity as Trustee of the AAT Restated Revocable Trust; and to execute any order required to forward mail to any location selected by my attorney-in-fact. (i) Execution and Delivery of Documents and Instruments. To sign, seal, execute and deliver and acknowledge any and all documents and instruments in writing of whatever kind and nature as may be necessary or proper in the exercise of the rights and powers herein granted. (j) Business Interests. To purchase, acquire, conduct or participate in any business for me and in my name, in my capacity as the Trustee of the AAT Restated Revocable Trust, including general or limited partnerships, joint ventures, limited liability companies, or corporations; to vote, in person or by proxy, with respect to any such business or any stock, securities or other, interest in any such business; to oppose, consent to or otherwise participate in any business for me and in my name, in my capacity as the Trustee of the AAT Restated Revocable Trust, including general or limited partnerships, joint ventures, limited liability companies, or corporations; to vote, in person or by proxy, with respect to any such business or any stock, securities or other interest in any such business; to oppose, consent to or otherwise participate in any voting trust, or incorporation, reorganization, consolidation, merger, recapitalization, dissolution, liquidation, refinancing or sale of assets with respect to any such business; to exercise any right, option or privilege with respect to any such business; and to elect, employ and discharge, officers, directors, managers, employees and agents for any such business. (k) Borrowing Powers. On behalf of the AAT Restated Revocable Trust, to borrow or raise money in any amount whatsoever (including the purchase of stock, securities or other property on margin) for such terms and for such purposes and upon such conditions as my attorney-in-fact shall deem advisable; to execute promissory notes or other obligations for any amounts borrowed; to secure the repayment thereof by the mortgage, assignment, pledge, hypothecation, or grant of any other security interests or liens of all, or any part, of or upon one or more or all of my assets; and to guaranty (on an unsecured or secured basis) the payment (in full or in; part) of any borrowings; and no person lending money to my attorney-in-fact shall be bound to see to the application by anyone for any purpose of the money lent or to inquire into the validity, expediency or propriety of any such borrowing. (I) Power to Make Gifts. To make gifts, outright or in trust, to my spouse and/or my children, their issue, and the spouses of my children or issue.. (m) Power to Execute Disclaimers. To disclaim any property or interest to or which for any reason or by any means the AAT Restated Revocable Trust may become entitled, including, without limitation, by gift or testate or intestate succession, pursuant to Section 2518 of the Internal Revenue Code of 1986, as amended, or any successor 3 provisions, or Michigan Compiled Laws Sections 701.2901 through 700.2912, inclusively, or any successor provisions, or the applicable provisions of the laws of any other state. (n) Power to Execute Further Powers of Attorney. To execute further powers of attorney appointing my attorney-in-fact, or some other individual, as agent thereunder. I, in my capacity as Trustee of the AAT Restated Revocable Trust, give and grant to my attorney-in-fact full power and authority to do everything necessary in exercising any of the powers herein granted as fully as I, in my capacity as Trustee of the AAT Restated Revocable Trust, might or could do if personally present, with full power of substitution or revocation, hereby ratifying and confirming all that my attorney-in-fact shall do or cause to be done by virtue of the Power of Attorney herein granted. 2. Reservation of Authority. I specifically reserve to myself, and do not grant to my attorney-in-fact, the powers reserved to me as the Settlor of the AAT Restated Revocable Trust pursuant to Section 2 of Article II of the AAT Restated Revocable Trust Agreement to amend, alter, revoke or terminate such trust agreement. 3. Third-Party Reliance. Third-parties may rely upon the representations of my attorney-in-fact as to all matters relating to any power granted herein, and no person who may act in reliance upon the representations of my attorney-in-fact or the authority granted thereto shall incur any liability to me or my estate or the AAT Restated Revocable Trust or its beneficiaries as a result of the exercise of any power by my attorney-in-fact. 4. Disability of Principal. This Power of Attorney shall not be affected by my disability. 5. Governing Law. This Power of Attorney shall be governed by and construed in accordance with the laws of the State of Michigan. Should any provision be invalid or unenforceable to any extent, the remainder of the provisions hereof shall not be affected thereby. IN WITNESS WHEREOF, I hereby execute this Durable General Power of Attorney on this 10`h day of April, 2002. WITNESSES: /S/ Linda A. Wasserman /S/ A. Alfred Taubman - --------------------------- ------------------------------ A. ALFRED TAUBMAN, acting not individually but as the Trustee of the A. ALFRED TAUBMAN RESTATED REVOCABLE TRUST, as amended and restated in its entirety by Instrument dated /S/ Barbara A. O'Rear April 10, 2002, as the same may - --------------------------- hereafter be amended from time to time, Principal 4 STATE OF MICHIGAN ) )ss. COUNTY OF OAKLAND ) The foregoing instrument was acknowledged before me this 10th day of March, 2002 by A. ALFRED TAUBMAN, acting not individually but as Trustee of the A ALFRED TAUBMAN RESTATED REVOCALBE TRUST, as amended and restated in its entirety by Instrument dated on even date herewith (as the same may hereafter be amended from time to time.) Kelly S. Walbridge Notary Public, Oakland County, Michigan My Commission expires May 12, 2002 -----END PRIVACY-ENHANCED MESSAGE-----