Reese Robert R 4
4 · TAUBMAN CENTERS INC · Filed Mar 11, 2013
Insider Transaction Report
Form 4
Reese Robert R
Senior VP, Chief Admin Officer
Transactions
- Tax Payment
Common Stock
2013-03-07$77.93/sh−6,244$486,595→ 34,992 total - Award
Common Stock
2013-03-07+13,800→ 41,236 total
Footnotes (1)
- [F1]Performance share units (PSU) were granted to the reporting person pursuant to the Taubman Company 2008 Omnibus Long-Term 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.