BLUM ESTHER R 4
4 · TAUBMAN CENTERS INC · Filed Feb 22, 2013
Insider Transaction Report
Form 4
BLUM ESTHER R
Senior VP, Controller, and CAO
Transactions
- Sale
Common Stock
2013-02-21$76.91/sh−11,601$892,233→ 16,501 total - Exercise/Conversion
Incentive Options (right to buy)
2013-02-22−8,399→ 0 totalExercise: $29.38Exp: 2015-03-04→ Common Stock (8,399 underlying) - Exercise/Conversion
Common Stock
2013-02-22$29.38/sh+8,399$246,763→ 24,900 total - Exercise/Conversion
Incentive Options (right to buy)
2013-02-21−11,601→ 8,399 totalExercise: $29.38Exp: 2015-03-04→ Common Stock (11,601 underlying) - Exercise/Conversion
Common Stock
2013-02-21$29.38/sh+11,601$340,837→ 28,102 total - Sale
Common Stock
2013-02-22$77.01/sh−8,399$646,807→ 16,501 total
Footnotes (4)
- [F1]This price represents the weighted average price of the multiple transactions reported on this line. These shares were sold at prices ranging $76.75 to $77.11 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 sold at each separate price.
- [F2]This price represents the weighted average price of the multiple transactions reported on this line. These shares were sold at prices ranging $76.70 to $77.23 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 sold at each separate price.
- [F3]Options were granted to the reporting person pursuant to The Taubman Realty Group Limited Partnership ("TRG") 1992 Incentive Option Plan, as amended (the "Plan"). The Company is the Managing General Partner of TRG. Options granted under the Plan are exercisable for units of limited partnership interest in TRG. Under the Company's continuing offer to employees covered by the Plan and certain other partners in TRG, each unit of limited partnership interest in TRG held by an offeree is exchangeable for one share of the Company's common stock.
- [F4]The options vested on March 4, 2012.