TANGER FACTORY OUTLET CENTERS INC 4
4 · TANGER FACTORY OUTLET CENTERS INC · Filed May 20, 2005
Insider Transaction Report
Form 4
CHAFIN WILLARD A
Exec. V. P.
Transactions
- Exercise/Conversion
Limited Partnership Unit Option (right to buy)
2005-05-19−2,000→ 23,000 totalExercise: $19.41From: 2005-04-27Exp: 2014-04-27→ Common Stock (2,000 underlying) - Exercise/Conversion
Common Stock
2005-05-19$19.41/sh+2,000$38,830→ 2,000 total - Sale
Common Stock
2005-05-19$24.70/sh−2,000$49,400→ 0 total - Exercise/Conversion
Common Stock
2005-05-19$19.41/sh+1,000$19,415→ 1,000 total - Sale
Common Stock
2005-05-19$24.66/sh−1,000$24,660→ 0 total - Exercise/Conversion
Limited Partnership Unit Option (right to buy)
2005-05-19−1,000→ 22,000 totalExercise: $19.41From: 2005-04-27Exp: 2014-04-27→ Common Stock (1,000 underlying)
Footnotes (2)
- [F1]Options to purchase limited partnership units, granted pursuant to the Tanger Properties Limited Partnership Unit Option Plan. Due to the two-for-one split of the Company's common shares on December 28, 2004, each unit obtained upon exercise of option is now exchangeable for common shares on a two-for-one basis. Accordingly, the number of options and the exercise prices stated have been adjusted to reflect the effect of the split.
- [F2]The option becomes exercisable in five equal annual installments, commencing one year from the date of grant.