Filing Details

Accession Number:
0001127602-12-008762
Form Type:
4
Zero Holdings:
No
Publication Time:
2012-02-29 18:41:47
Reporting Period:
2012-02-28
Filing Date:
2012-02-29
Accepted Time:
2012-02-29 18:41:47
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
899715 Tanger Factory Outlet Centers Inc SKT Real Estate Investment Trusts (6798) 561815473
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1216940 B Steven Tanger 3200 Northline Avenue, Suite 360
Greensboro NC 27408
President And Ceo 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 2012-02-28 225,000 $0.00 757,800 No 4 A Direct
Common Stock Disposition 2012-02-28 27,478 $29.01 730,322 No 4 S Direct
Common Stock Disposition 2012-02-29 137,522 $0.00 592,800 No 5 G Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 A Direct
No 4 S Direct
No 5 G Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 12,624 Indirect By Pigeon Forge Factory Stores, Inc.
Common Stock 1,962 Indirect By Tanger-P.F. Properties, Inc.
Footnotes
  1. 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.
  2. Represents weighted average sale price of multiple transactions ranging from $28.89 to $29.13.
  3. 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.
  4. 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.