0000890319-17-000134.txt : 20170705 0000890319-17-000134.hdr.sgml : 20170705 20170705140249 ACCESSION NUMBER: 0000890319-17-000134 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20170703 FILED AS OF DATE: 20170705 DATE AS OF CHANGE: 20170705 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: CHAZEN JEROME A CENTRAL INDEX KEY: 0001035337 STATE OF INCORPORATION: NY FISCAL YEAR END: 1230 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-11530 FILM NUMBER: 17947248 MAIL ADDRESS: STREET 1: C/O CHAZEN CAPITAL PARTNERS LLC STREET 2: 150 EAST 58TH STREET, 27TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10155 4 1 wf-form4_149927775574421.xml FORM 4 X0306 4 2017-07-03 0 0000890319 TAUBMAN CENTERS INC TCO 0001035337 CHAZEN JEROME A CHAZEN CAPITAL PARTNERS, LLC 150 EAST 58TH STREET, 27TH FLOOR NEW YORK NY 10155 1 0 0 0 Common Stock 2017-07-03 4 A 0 525 0 A 98882 D 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. Chazen has elected to defer the stock-based portion of his retainer fee in 2017; 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. 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. /s/ Michael S. Ben, Attorney-in-Fact 2017-07-05