Weinert David T 4
4 · TAUBMAN CENTERS INC · Filed Dec 17, 2009
Insider Transaction Report
Form 4
Weinert David T
Senior VP, Leasing
Transactions
- Exercise/Conversion
Options (Right to Buy)
2009-12-16−208,243→ 0 totalExercise: $13.83Exp: 2019-03-05→ Common Stock (208,243 underlying) - Exercise/Conversion
Common Stock
2009-12-16$13.83/sh+208,243$2,880,001→ 215,598 total - Sale
Common Stock
2009-12-16$35.21/sh−208,243$7,332,236→ 7,355 total
Footnotes (3)
- [F1]These shares were sold at prices ranging from $35.00 to $35.64 per share. Upon request by SEC staff, the issuer or any security holder of the issuer, the reporting person will provide full information regarding the number of shares sold at each separate price.
- [F2]Options were granted to the reporting person pursuant to the 2008 Omnibus Plan. Options granted under the 2008 Omnibus Plan are exercisable for units of limited partnership interest in The Taubman Realty Group Limited Partnership ("TRG"); the Company is the managing general partner of TRG. Under the Company's Continuing Offer to employees covered by the 2008 Omnibus Plan and certain other partners in TRG, each unit of limited partnership interest in TRG held by an offeree is exchangeable for one share of the Company's common stock.
- [F3]The options vested in the third quarter of 2009, upon satisfaction of the vesting condition that the closing price of the Company's common stock, as quoted on the New York Stock Exchange, is $30 or greater for ten consecutive trading days.