0000890319-18-000125.txt : 20180705
0000890319-18-000125.hdr.sgml : 20180705
20180705113206
ACCESSION NUMBER: 0000890319-18-000125
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20180702
FILED AS OF DATE: 20180705
DATE AS OF CHANGE: 20180705
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Litt Jonathan
CENTRAL INDEX KEY: 0001602176
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-11530
FILM NUMBER: 18939889
MAIL ADDRESS:
STREET 1: LAND AND BUILDINGS
STREET 2: 1 LANDMARK SQUARE, 7TH FLOOR
CITY: STAMFORD
STATE: CT
ZIP: 06901
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
4
1
wf-form4_153080471094345.xml
FORM 4
X0306
4
2018-07-02
0
0000890319
TAUBMAN CENTERS INC
TCO
0001602176
Litt Jonathan
C/O TAUBMAN CENTERS, INC.
200 E. LONG LAKE ROAD, SUITE 300
BLOOMFIELD HILLS
MI
48304
1
0
0
0
Common Stock
2018-07-02
4
A
0
830
0
A
830
D
Series J Preferred Stock
436
D
Common Stock
251400
I
By Land and Buildings Capital Growth Fund, LP
Common Stock
217600
I
By Land and Buildings Real Estate Opportunity Fund, LP
Common Stock
645947
I
By Managed Accounts of Land and Buildings Investment Management, LLC
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. The shares referred to above represent the quarterly retainer fee, which has been deferred in full, and would have otherwise been payable under The Taubman Company LLC 2018 Omnibus Long-Term Incentive Plan.
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.
Shares owned directly by Land & Buildings Capital Growth Fund, LP ("L&B Capital"). The Reporting Person, solely by virtue of his position as managing principal of Land & Buildings Investment Management, LLC ("L&B Management"), the investment manager of L&B Capital, may be deemed to beneficially own the shares directly held by L&B Capital for purposes of Section 16. The Reporting Person expressly disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
Shares owned directly by Land & Buildings Real Estate Opportunity Fund, LP ("L&B Opportunity"). The Reporting Person, solely by virtue of his position as managing principal of L&B Management, the investment manager of L&B Opportunity, may be deemed to beneficially own the shares directly held by L&B Opportunity for purposes of Section 16. The Reporting Person expressly disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
Shares held in certain accounts managed by L&B Management (the "Managed Accounts"). The Reporting Person, solely by virtue of his position as managing principal of L&B Management, the investment manager of the Managed Accounts, may be deemed to beneficially own the shares directly held in the Managed Accounts for purposes of Section 16.
/s/ Michael S. Ben, Attorney-in-Fact
2018-07-05