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