0000890319-17-000077.txt : 20170411 0000890319-17-000077.hdr.sgml : 20170411 20170411153434 ACCESSION NUMBER: 0000890319-17-000077 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20151217 FILED AS OF DATE: 20170411 DATE AS OF CHANGE: 20170411 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: Kieras Stephen J CENTRAL INDEX KEY: 0001319689 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-11530 FILM NUMBER: 17755894 MAIL ADDRESS: STREET 1: TAUBMAN CENTERS, INC. STREET 2: 200 E. LONG LAKE ROAD, SUITE 300 CITY: BLOOMFIELD HILLS STATE: MI ZIP: 48304 4 1 wf-form4_149193925901002.xml FORM 4 X0306 4 2015-12-17 1 0000890319 TAUBMAN CENTERS INC TCO 0001319689 Kieras Stephen J TAUBMAN CENTERS, INC. 200 EAST LONG LAKE ROAD, SUITE 300 BLOOMFIELD HILLS MI 48304 0 1 0 0 EVP, Development of TTC LLC Common Stock 2015-12-17 4 M 0 94 0 A 182442 D Common Stock 2015-12-17 4 F 0 94 75.23 D 182348 D Common Stock 2016-11-11 4 M 0 196 0 A 182544 D Common Stock 2016-11-11 4 F 0 196 72.27 D 182348 D Common Stock 2017-03-31 4 M 0 2791 0 A 185139 D Common Stock 2017-03-31 4 F 0 817 66.02 D 184322 D Common Stock 2017-03-31 4 M 0 5931 0 A 190253 D Common Stock 2017-03-31 4 F 0 2245 66.02 D 188008 D Common Stock 2017-03-31 4 A 0 2193 0 A 190201 D Common Stock 2017-03-31 4 F 0 1014 66.02 D 189187 D Common Stock 6223 I By 401(k) plan Restricted Stock Units 0.0 2015-12-17 4 M 0 94 0 D Common Stock 94.0 2791 D Restricted Stock Units 0.0 2016-11-11 4 M 0 196 0 D Common Stock 196.0 5931 D Restricted Stock Units 0.0 2017-03-31 4 M 0 2791 0 D Common Stock 2791.0 0 D Restricted Stock Units 0.0 2017-03-31 4 M 0 5931 0 D Common Stock 5931.0 0 D Performance share units (PSUs) were granted to the reporting person pursuant to the Taubman Company 2008 Omnibus Long Term Incentive Plan (Omnibus Incentive Plan). Each PSU represents a contingent right to receive, upon vesting, shares of the Company's common stock ranging from 0-300% of the PSUs based on the Company's total shareholder return relative to that of a peer group. The PSUs vested on March 31, 2017 with a payout ratio of 76%. Reflects shares of the Company's common stock on an as-converted basis held through a stock fund of the Company's 401(k) plan. Includes 4 shares of the Company's common stock acquired under the 401(k) plan not previously reported. Restricted stock units (RSUs) were granted to the reporting person pursuant to the Omnibus Incentive Plan. Each restricted stock unit represents a contingent right to receive upon vesting one share of the Company's common stock. The RSUs vested on the respective transaction date. For employees that are age 62 and older, the Company is required to submit FICA tax in the year that each grant is given. Mr. Kieras's grants in 2015 and 2016 had RSUs withheld to cover these taxes. The RSUs vested on March 31, 2017 upon Mr. Kieras's retirement. /s/ Michael S. Ben, Attorney-in-Fact 2017-04-11