TANGER STANLEY K 4
4 · TANGER FACTORY OUTLET CENTERS INC · Filed Mar 18, 2009
Insider Transaction Report
Form 4
TANGER STANLEY K
DirectorChairman10% Owner
Transactions
- Exercise/Conversion
Common Stock
2009-03-17$19.41/sh+13,000$252,395→ 676,264 total - Exercise/Conversion
Limited Partnership Unit Option (right to buy)
2009-03-17−13,000→ 20,000 totalExercise: $19.41From: 2005-04-27Exp: 2014-04-27→ Common Stock (13,000 underlying)
Holdings
- 278,062(indirect: By Partnership)
Common Stock
- 2,000(indirect: By Spouse)
Common Stock
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 except under certain circumstances to preserve the Company's status as a real estate investment trust for income tax purposes. 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.