0000890319-16-000241.txt : 20160401
0000890319-16-000241.hdr.sgml : 20160401
20160401150202
ACCESSION NUMBER: 0000890319-16-000241
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20160401
FILED AS OF DATE: 20160401
DATE AS OF CHANGE: 20160401
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: TAUBMAN CENTERS INC
CENTRAL INDEX KEY: 0000890319
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798]
IRS NUMBER: 382033632
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 200 E LONG LAKE RD
STREET 2: SUITE 300
CITY: BLOOMFIELD HILLS
STATE: MI
ZIP: 48304-2324
BUSINESS PHONE: 2482586800
MAIL ADDRESS:
STREET 1: 200 E LONG LAKE RD
STREET 2: SUITE 300
CITY: BLOOMFIELD HILLS
STATE: MI
ZIP: 48304-2324
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: PARFET WILLIAM U
CENTRAL INDEX KEY: 0001110742
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-11530
FILM NUMBER: 161546679
MAIL ADDRESS:
STREET 1: C/O MONSANTO COMPANY
STREET 2: 800 N. LINDBERGH BLVD.
CITY: ST. LOUIS
STATE: MO
ZIP: 63167
4
1
wf-form4_145953731188451.xml
FORM 4
X0306
4
2016-04-01
0
0000890319
TAUBMAN CENTERS INC
TCO
0001110742
PARFET WILLIAM U
5493 N. MAIN STREET
MATTAWAN
MI
49701
1
0
0
0
Common Stock
2016-04-01
4
A
0
438
0
A
41250
D
Common Stock
2016-04-01
4
A
0
174
0
A
41424
D
These shares represent the quarterly grant of stock under The Taubman Company LLC 2008 Omnibus Long-Term Incentive Plan.
Under The Taubman Centers, Inc. Non-Employee Directors' Deferred Compensation Plan, each director's account is credited with dividend equivalents on the deferred restricted stock units when the Company pays cash dividends on its common stock (including special dividends, if any), and such dividend equivalents are denominated in additional restricted stock units based on the fair market value of the Company's common stock on the business day immediately before the record date of the applicable dividend payment. The receipt of such dividends since the last Form 4 filing has been reflected in the column entitled 'amount of securities beneficially owned following reported transaction(s)', but has not been reported as a separate transaction.
Under The Taubman Centers, Inc. Non-Employee Directors' Deferred Compensation Plan, each non-employee director may defer the receipt of all or a portion of his or her director retainer (cash and stock) until the earlier of the termination of such director's service on the Company's Board of Directors and upon a change of control. Such deferred compensation is denominated in restricted stock units, and the number of restricted stock units received equals the deferred retainer fee divided by the fair market value of the Company's common stock on the business day immediately before the date the director would otherwise have been entitled to receive the retainer fee. Mr. Parfet has elected to defer 50% of the cash-based portion of his retainer fee in 2016, the shares reflected in the table above are the deferred shares for the current quarter.
The restricted stock units represent the right to receive equivalent shares of common stock at the end of the deferral period, and each director's account is 100% vested at all times. Therefore, the reporting person has elected to report the deferral as shares of common stock received on the grant date.
/s/ Michael S. Ben, Attorney-in-Fact
2016-04-01