4//SEC Filing
CHAZEN JEROME A 4
Accession 0000890319-12-000051
CIK 0000890319other
Filed
Jul 2, 8:00 PM ET
Accepted
Jul 3, 1:12 PM ET
Size
6.9 KB
Accession
0000890319-12-000051
Insider Transaction Report
Form 4
CHAZEN JEROME A
Director
Transactions
- Award
Common Stock
2012-07-02+462→ 79,266 total
Footnotes (4)
- [F1]Under The Taubman Centers, Inc. Non-Employee Directors' Deferred Compensation Plan, each non-employee director may defer the receipt of all or a portion of his or her director retainer (cash and stock) until the earlier of the termination of such director's service on the Company's Board of Directors and upon a change of control. Such deferred compensation is denominated in restricted stock units, and the number of restricted stock units received equals the deferred retainer fee divided by the fair market value of the Company's common stock on the business day immediately before the date the director would otherwise have been entitled to receive the retainer fee. The shares referred to above represent the quarterly retainer fee, which has been deferred in full.
- [F2]The restricted stock units represent the right to receive equivalent shares of common stock at the end of the deferral period, and each director's account is 100% vested at all times. Therefore, the reporting person has elected to report the deferral as shares of common stock received on the grant date.
- [F3]Under The Taubman Centers, Inc. Non-Employee Directors' Deferred Compensation Plan, each director's account is credited with dividend equivalents on the deferred restricted stock units when the Company pays cash dividends on its common stock, and such dividend equivalents are denominated in additional restricted stock units based on the fair market value of the Company's common stock on the business day immediately before the record date of the applicable dividend payment. The receipt of such dividends since the last Form 4 filing has been reflected in the column entitled 'amount of securities beneficially owned following reported transaction(s)', but has not been reported as a separate transaction.
- [F4]This Form 4 reflects a prior distribution of 29,595 shares of common stock from a Grantor Retained Annuity Trust, for which Mr. Chazen was the grantor and trustee, to Mr. Chazen directly.
Documents
Issuer
TAUBMAN CENTERS INC
CIK 0000890319
Entity typeother
IncorporatedNY
Related Parties
1- filerCIK 0001035337
Filing Metadata
- Form type
- 4
- Filed
- Jul 2, 8:00 PM ET
- Accepted
- Jul 3, 1:12 PM ET
- Size
- 6.9 KB