TAUBMAN CENTERS INC 4

4 · TAUBMAN CENTERS INC · Filed Mar 3, 2017

Form 4

Period: 2017-03-01

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

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