Weinert David T 4
4 · TAUBMAN CENTERS INC · Filed Oct 27, 2011
Insider Transaction Report
Form 4
Weinert David T
Senior VP, Leasing
Transactions
- Exercise/Conversion
Common Stock
2011-10-26$57.65/sh−26,667$1,537,353→ 14,584 total - Exercise/Conversion
Incentive Options (right to buy)
2011-10-26−26,667→ 26,666 totalExercise: $29.38Exp: 2015-03-04→ Common Stock (26,667 underlying) - Exercise/Conversion
Common Stock
2011-10-26$29.38/sh+26,667$783,476→ 41,251 total
Footnotes (3)
- [F1]This price represents the weighted average price of the multiple transactions reported on this line. The shares were sold at prices ranging from $57.44 to $58.00 per share. Upon request by the 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 Taubman Realty Group Limited Partnership ("TRG") 1992 Incentive Option Plan, as amended (the "Plan"). The Company is the Managing General Partner of TRG. Options granted under the Plan are exercisable for units of limited partnership interest in TRG. Under the Company's continuing offer to employees covered by the 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 first two tranches of options vested on March 4, 2008 and March 4, 2010, respectively. The remaining options vest on March 4, 2012, subject to the satisfaction of certain Company performance criteria.