4//SEC Filing
TAUBMAN CENTERS INC 4
Accession 0000890319-16-000236
CIK 0000890319operating
Filed
Mar 31, 8:00 PM ET
Accepted
Apr 1, 3:00 PM ET
Size
6.6 KB
Accession
0000890319-16-000236
Insider Transaction Report
Form 4
ALLISON GRAHAM T
Director
Transactions
- Award
Common Stock
2016-04-01+700→ 33,587 total
Footnotes (3)
- [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 (including special dividends, if any), 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. Also includes shares acquired through dividend reinvestment on common shares owned.
Documents
Issuer
TAUBMAN CENTERS INC
CIK 0000890319
Entity typeoperating
Related Parties
1- filerCIK 0000890319
Filing Metadata
- Form type
- 4
- Filed
- Mar 31, 8:00 PM ET
- Accepted
- Apr 1, 3:00 PM ET
- Size
- 6.6 KB