-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Bq7i4zgUrVRk87paD8kPMYlCqtMFk4g7gkz1YWogGOvybOk0S3Yv29ttnAGhBkQo /cShgsWqWKhSV2UNi9KF5Q== 0001127602-10-004890.txt : 20100216 0001127602-10-004890.hdr.sgml : 20100215 20100216172517 ACCESSION NUMBER: 0001127602-10-004890 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20100211 FILED AS OF DATE: 20100216 DATE AS OF CHANGE: 20100216 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: TANGER FACTORY OUTLET CENTERS INC CENTRAL INDEX KEY: 0000899715 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 561815473 STATE OF INCORPORATION: NC FISCAL YEAR END: 0101 BUSINESS ADDRESS: STREET 1: 3200 NORTHLINE AVENUE SUITE 360 CITY: GREENSBORO STATE: NC ZIP: 27408 BUSINESS PHONE: 3362923010 MAIL ADDRESS: STREET 1: 3200 NORTHLINE AVENUE SUITE 360 CITY: GREENSBORO STATE: NC ZIP: 27408 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: DILLON KEVIN M CENTRAL INDEX KEY: 0001218087 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-11986 FILM NUMBER: 10609926 MAIL ADDRESS: STREET 1: 5003 C BASS CHAPEL RD CITY: GREENSBORO STATE: NC ZIP: 27455 4 1 form4.xml PRIMARY DOCUMENT X0303 4 2010-02-11 0000899715 TANGER FACTORY OUTLET CENTERS INC SKT 0001218087 DILLON KEVIN M 3200 NORTHLINE AVENUE, SUITE 360 GREENSBORO NC 27408 1 Sr. VP Development and Notional Units 2010-02-11 4 A 0 9000 0 A Common Stock 9000 9000 D Each Notional Unit represents the right to receive one or more restricted common shares of the issuer contingent upon achieving designated share price targets determined at the end of a four-year measurement period ending on December 31, 2013. If the market price of issuer's common shares as of the end of the measurement period is at least $54.59 per share (but less than $58.49 per share), then each Notional Unit will convert into one restricted common share. If the market price of the issuer's common shares as of the end of the measurement period is at least $58.49 per share (but less than $62.38 per share), then each Notional Unit will convert into two restricted common shares. If the market price of issuer's common shares as of the end of the measurement period is at least $62.38 per share, then each Notional Unit will convert into three restricted common shares. These share price targets will be reduced on a penny-for-penny basis with respect to any dividend payments made du ring the measurement period, provided that in no event will the minimum price target be below $48.37 per share. The conversion ratios for any share prices in between the above targets will be calculated by linear interpolation. If at the end of the four-year measurement period the issuer's share price does not achieve a market price of $54.59 per share, adjusted for any dividends, but such common shares performed above the 50th percentile of the issuer's peer group in terms of total return to shareholders, including the reinvestment of dividends, then each Notional Unit will convert into one restricted common share. Restricted shares issued will vest and restrictions will cease to apply on December 31, 2014. /s/ James F. Williams, attorney-in-fact for Mr. Dillon 2010-02-16 -----END PRIVACY-ENHANCED MESSAGE-----