TAUBMAN CENTERS INC 4
4 · TAUBMAN CENTERS INC · Filed Mar 6, 2014
Insider Transaction Report
Form 4
BLUM ESTHER R
Senior VP, Controller, and CAO
Transactions
- Award
Restricted Stock Units
2014-03-05+1,391→ 1,391 totalExercise: $0.00→ Common Stock (1,391 underlying) - Award
Common Stock
2014-03-05+2,145→ 5,907 total - Tax Payment
Common Stock
2014-03-05$70.45/sh−1,029$72,493→ 4,878 total
Footnotes (4)
- [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, 2014 with a payout ratio of 172%, which was certified by the Company's Compensation Committee on March 5, 2014. Pursuant to divorce settlement, 50% of net shares of 2,231 were acquired by another person.
- [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]Pursuant to divorce settlement, 30% of net shares to be acquired by another person upon vesting.
- [F4]The restricted stock units vest on March 1, 2017.