Filing Details

Accession Number:
0000890319-15-000046
Form Type:
4
Zero Holdings:
No
Publication Time:
2015-03-04 17:36:44
Reporting Period:
2015-03-02
Filing Date:
2015-03-04
Accepted Time:
2015-03-04 17:36:44
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
890319 Taubman Centers Inc TCO Real Estate Investment Trusts (6798) 382933632
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1066546 S Robert Taubman Taubman Centers, Inc.
200 E. Long Lake Road, Suite 300
Bloomfield Hills MI 48304
President, Ceo, And Chair Bod Yes Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2015-03-02 15,019 $0.00 17,932 No 4 M Direct
Common Stock Disposition 2015-03-02 5,555 $72.34 12,377 No 4 F Direct
Common Stock Acquisiton 2015-03-02 5,555 $73.16 17,932 No 4 P Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 F Direct
No 4 P Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Restricted Stock Units Disposition 2015-03-02 15,019 $0.00 15,019 $0.00
Common Stock Units of Limited Partnership Acquisiton 2014-12-02 15,460 $0.00 15,460 $0.00
Common Stock Units of Limited Partnership Disposition 2014-12-02 445,000 $0.00 445,000 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 No 4 M Direct
21,385 No 5 J Direct
5,000 No 5 J Indirect
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 204,000 Indirect By wife
Common Stock 7,405 Indirect As UTMA custodian for daughter
Common Stock 5,645 Indirect As UTMA custodian for son
Common Stock 5,645 Indirect As UTMA custodian for son
Common Stock 186,837 Indirect By limited liability company
Common Stock 941,588 Indirect By limited liability company
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Units of Limited Partnership $0.00 0 1,338,496 Indirect
Common Stock Units of Limited Partnership $0.00 0 22,311,442 Indirect
Expiration Date Amount Remaning Holdings Nature of Ownership
0 1,338,496 Indirect
0 22,311,442 Indirect
Footnotes
  1. This price represents the weighted average price of the multiple transactions reported on this line. The shares were acquired at prices ranging from $73.12 to $73.20 per share. Upon request by the SEC staff, the issuer or any security holder of the issuer, the reporting person will provide full information regarding the number of shares acquired at each separate price.
  2. Mr. Taubman disclaims all beneficial interest in the shares of common stock owned by his wife or in the UTMA accounts for the benefit of his children.
  3. Mr. Taubman disclaims all beneficial interest in the shares of common stock owned by such limited liability company beyond his pecuniary interest therein.
  4. Restricted stock units were granted to the reporting person pursuant to The Taubman Company 2008 Omnibus Long-Term Incentive Plan. Each restricted stock unit represents a contingent right to receive upon vesting one share of the Company's common stock.
  5. Amount includes additional units granted as part of a grant modification completed in December 2014 in connection with a special dividend.
  6. The restricted stock units vested on March 1, 2015.
  7. Units of Limited Partnership in The Taubman Realty Group Limited Partnership may be exchanged for shares of common stock of Taubman Centers, Inc. on a one-for-one basis under the Continuing Offer (which is available to specified partners, including Mr.Taubman). To avoid duplication, excludes the same number of Series B Preferred Stock of Taubman Centers, Inc. held by such persons, which under specified circumstances can be converted into common stock of Taubman Centers, Inc. at a ratio of one share of common stock for each 14,000 shares of Series B Preferred Stock. The distribution on December 2, 2014 also included a pro rata distribution of the same amount of Series B Preferred Stock.
  8. Represents a pro rata distribution from the limited liability company to its members based on pecuniary interest.
  9. Mr. Taubman disclaims all beneficial interest in the shares of Series B Preferred Stock and units of limited partnership interest owned by such limited liability company beyond his pecuniary interest therein.