BLUM ESTHER R 4
4 · TAUBMAN CENTERS INC · Filed Mar 11, 2013
Insider Transaction Report
Form 4
BLUM ESTHER R
Senior VP, Controller, and CAO
Transactions
- Award
Common Stock
2013-03-07+7,971→ 25,993 total - Tax Payment
Common Stock
2013-03-07$77.93/sh−3,683$287,016→ 22,310 total - Award
Restricted Stock Units
2013-03-07+1,440→ 1,440 totalExercise: $0.00→ Common Stock (1,440 underlying)
Footnotes (3)
- [F1]Performance share units (PSU) were granted to the reporting person pursuant to the Taubman Company 2008 Omnibus Long-Term Incentive Plan (Omnibus Incentive Plan). Each PSU represents a contingent right to receive, upon vesting, shares of the Company's common stock ranging from 0-300% of the PSU based on the Company's total shareholder return relative to that of a peer group. The PSU vested on March 1, 2013 with a payout ratio of 300%, which was certified by the Company's Compensation Committee on March 7, 2013.
- [F2]Restricted stock units were granted to the reporting person pursuant to the Omnibus Incentive Plan. Each restricted stock unit represents a contingent right to receive upon vesting one share of the Company's common stock.
- [F3]The restricted stock units vest on March 1, 2016.