TANGER STANLEY K 4
4 · TANGER FACTORY OUTLET CENTERS INC · Filed Sep 18, 2009
Insider Transaction Report
Form 4
TANGER STANLEY K
DirectorChairman10% Owner
Transactions
- Exercise/Conversion
Common Stock
2009-09-17$19.41/sh+20,000$388,300→ 446,264 total - Exercise/Conversion
Limited Partnership Unit Option (Right to Buy)
2009-09-17−20,000→ 0 totalExercise: $19.41From: 2005-04-27Exp: 2014-04-27→ Common Stock (20,000 underlying)
Holdings
- 278,062(indirect: By Partnership)
Common Stock
- 2,000(indirect: By Spouse)
Common Stock
Footnotes (3)
- [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.
- [F3]Includes 278,062 shares of Common Stock owned by the Tanger Family Limited Partnership, of which Mr. Tanger is the general partner.