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4//SEC Filing

TAUBMAN CENTERS INC 4

Accession 0000890319-17-000047

CIK 0000890319operating
View on SEC.govCompany Profile

Filed

Mar 2, 7:00 PM ET

Accepted

Mar 3, 5:45 PM ET

Size

12.8 KB

Accession

0000890319-17-000047

Insider Transaction Report

Form 4
Period: 2017-03-01
TAUBMAN CENTERS INCTCO
Kieras Stephen J
Senior VP, Development
Transactions
  • Award

    Common Stock

    2017-03-01+1,948→ 183,007 total
  • Exercise/Conversion

    Common Stock

    2017-03-01+3,037→ 181,948 total
  • Tax Payment

    Common Stock

    2017-03-01$69.15/sh−889$61,474→ 181,059 total
  • Exercise/Conversion

    Restricted Stock Units

    2017-03-01−3,037→ 0 total
    Exercise: $0.00→ Common Stock (3,037 underlying)
  • Tax Payment

    Common Stock

    2017-03-01$69.15/sh−659$45,570→ 182,348 total
Holdings

  • Common Stock

    (indirect: By 401(k))
    6,219
Footnotes (5)
  • [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, 2017 with a payout ratio of 62%, which was certified by the Company's Compensation Committee on March 3, 2017.
  • [F2]Reflects shares of the Company's common stock on an as-converted basis held through a stock fund of the Company's 401(k) plan. Includes 171 shares of the Company's common stock acquired under the 401(k) plan not previously reported.
  • [F3]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.
  • [F4]Amount includes additional units granted as part of a grant modification completed in December 2014 in connection with a special dividend.
  • [F5]The restricted stock units vested on March 1, 2017.

Documents

1 file

Issuer

TAUBMAN CENTERS INC

CIK 0000890319

→
Entity typeoperating

Related Parties

1
  • filerCIK 0000890319

Filing Metadata

Form type
4
Filed
Mar 2, 7:00 PM ET
Accepted
Mar 3, 5:45 PM ET
Size
12.8 KB
View on SEC.gov