0001127602-12-008762.txt : 20120229
0001127602-12-008762.hdr.sgml : 20120229
20120229184147
ACCESSION NUMBER: 0001127602-12-008762
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20120228
FILED AS OF DATE: 20120229
DATE AS OF CHANGE: 20120229
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: TANGER STEVEN B
CENTRAL INDEX KEY: 0001216940
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-11986
FILM NUMBER: 12655007
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
4
1
form4.xml
PRIMARY DOCUMENT
X0304
4
2012-02-28
0000899715
TANGER FACTORY OUTLET CENTERS INC
SKT
0001216940
TANGER STEVEN B
3200 NORTHLINE AVENUE, SUITE 360
GREENSBORO
NC
27408
1
1
President and CEO
Common Stock
2012-02-28
4
A
0
225000
0
A
757800
D
Common Stock
2012-02-28
4
S
0
27478
29.005
D
730322
D
Common Stock
2012-02-29
5
G
0
E
137522
0
D
592800
D
Common Stock
12624
I
By Pigeon Forge Factory Stores, Inc.
Common Stock
1962
I
By Tanger-P.F. Properties, Inc.
Represents equity awards granted by the Company pursuant to the terms of Mr. Tanger's amended and restated employment agreement dated February 28, 2012. Such equity awards consist of the following: 45,000 fully-vested common shares; 90,000 restricted common shares that will vest ratably over five years based on Mr. Tanger's continued employment and 90,000 restricted common shares that will vest ratably over five years based on Mr. Tanger's continued employment and the Company achieving specified shareholder returns.
Represents weighted average sale price of multiple transactions ranging from $28.89 to $29.13.
Securities sold pursuant to a plan intended to comply with Rule 10b5-1, previously adopted on December 11, 2008 and amended August 3, 2009, to direct the sale of certain restricted shares upon vesting to cover the applicable withholding taxes due upon vesting.
Mr. Tanger indirectly contributed the shares to an irrevocable Trust of which he is a beneficiary, but of which he is not the trustee or investment advisor and therefore he has no investment control over the shares indirectly held by the Trust. Accordingly, Mr. Tanger is deemed to no longer be the beneficial owner of such shares.
/s/ James F. Williams, attorney-in-fact for Mr. Tanger
2012-02-29