Weinert David T 4
4 · TAUBMAN CENTERS INC · Filed Mar 5, 2012
Insider Transaction Report
Form 4
Weinert David T
Senior VP, Leasing
Transactions
- Exercise/Conversion
Restricted Stock Units
2012-03-01−16,327→ 0 totalExercise: $0.00→ Common Stock (16,327 underlying) - Award
Common Stock
2012-03-01+39,185→ 64,860 total - Tax Payment
Common Stock
2012-03-01$69.37/sh−15,988$1,109,088→ 48,872 total - Exercise/Conversion
Common Stock
2012-03-01+16,327→ 30,911 total - Tax Payment
Common Stock
2012-03-01$69.07/sh−5,236$361,651→ 25,675 total
Footnotes (3)
- [F1]Performance share units (PSU) were granted to the reporting person pursuant to the Taubman Company 2008 Omnibus Long-Term Incentive Plan (Omnibus Incentive Plan). Each PSU represents a contingent right to receive, upon vesting, shares of the Company's common stock ranging from 0-300% of the PSU based on the Company's total shareholder return relative to that of a peer group. The PSU vested on March 1, 2012 with a payout ratio of 240%.
- [F2]Restricted stock units were granted to the reporting person pursuant to the Omnibus Incentive Plan. Each restricted stock unit represents a contingent right to receive upon vesting one share of the Company's common stock.
- [F3]The restricted stock units vested on March 1, 2012.