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4//SEC Filing

TAUBMAN CENTERS INC 4

Accession 0000890319-17-000077

CIK 0000890319operating
View on SEC.govCompany Profile

Filed

Apr 10, 8:00 PM ET

Accepted

Apr 11, 3:34 PM ET

Size

27.1 KB

Accession

0000890319-17-000077

Insider Transaction Report

Form 4
Period: 2015-12-17
TAUBMAN CENTERS INCTCO
Kieras Stephen J
Senior VP, Development
Transactions
  • Exercise/Conversion

    Common Stock

    2016-11-11+196→ 182,544 total
  • Exercise/Conversion

    Common Stock

    2017-03-31+2,791→ 185,139 total
  • Exercise/Conversion

    Common Stock

    2017-03-31+5,931→ 190,253 total
  • Award

    Common Stock

    2017-03-31+2,193→ 190,201 total
  • Tax Payment

    Common Stock

    2017-03-31$66.02/sh−1,014$66,944→ 189,187 total
  • Exercise/Conversion

    Restricted Stock Units

    2015-12-17−94→ 2,791 total
    Exercise: $0.00→ Common Stock (94 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    2016-11-11−196→ 5,931 total
    Exercise: $0.00→ Common Stock (196 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    2017-03-31−5,931→ 0 total
    Exercise: $0.00→ Common Stock (5,931 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    2017-03-31−2,791→ 0 total
    Exercise: $0.00→ Common Stock (2,791 underlying)
  • Exercise/Conversion

    Common Stock

    2015-12-17+94→ 182,442 total
  • Tax Payment

    Common Stock

    2015-12-17$75.23/sh−94$7,072→ 182,348 total
  • Tax Payment

    Common Stock

    2016-11-11$72.27/sh−196$14,165→ 182,348 total
  • Tax Payment

    Common Stock

    2017-03-31$66.02/sh−817$53,938→ 184,322 total
  • Tax Payment

    Common Stock

    2017-03-31$66.02/sh−2,245$148,215→ 188,008 total
Holdings

  • Common Stock

    (indirect: By 401(k))
    6,223
Footnotes (5)
  • [F1]Performance share units (PSUs) 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 PSUs based on the Company's total shareholder return relative to that of a peer group. The PSUs vested on March 31, 2017 with a payout ratio of 76%.
  • [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 4 shares of the Company's common stock acquired under the 401(k) plan not previously reported.
  • [F3]Restricted stock units (RSUs) 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]The RSUs vested on the respective transaction date. For employees that are age 62 and older, the Company is required to submit FICA tax in the year that each grant is given. Mr. Kieras's grants in 2015 and 2016 had RSUs withheld to cover these taxes.
  • [F5]The RSUs vested on March 31, 2017 upon Mr. Kieras's retirement.

Documents

1 file

Issuer

TAUBMAN CENTERS INC

CIK 0000890319

→
Entity typeoperating

Related Parties

1
  • filerCIK 0000890319

Filing Metadata

Form type
4
Filed
Apr 10, 8:00 PM ET
Accepted
Apr 11, 3:34 PM ET
Size
27.1 KB
View on SEC.gov