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