Filing Details
- Accession Number:
- 0000890319-15-000047
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2015-03-04 17:37:27
- Reporting Period:
- 2015-03-02
- Filing Date:
- 2015-03-04
- Accepted Time:
- 2015-03-04 17:37:27
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 890319 | Taubman Centers Inc | TCO | Real Estate Investment Trusts (6798) | 382933632 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1075312 | S William Taubman | Taubman Centers, Inc. 200 E. Long Lake Road, Suite 300 Bloomfield Hills MI 48304 | Chief Operating Officer | Yes | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2015-03-02 | 8,186 | $0.00 | 36,812 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2015-03-02 | 3,365 | $72.34 | 33,447 | No | 4 | F | Direct | |
| Common Stock | Acquisiton | 2015-03-02 | 3,365 | $73.16 | 36,812 | No | 4 | P | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | P | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Restricted Stock Units | Disposition | 2015-03-02 | 8,186 | $0.00 | 8,186 | $0.00 |
| Common Stock | Units of Limited Partnership | Acquisiton | 2014-12-02 | 15,460 | $0.00 | 15,460 | $0.00 |
| Common Stock | Units of Limited Partnership | Disposition | 2014-12-02 | 445,000 | $0.00 | 445,000 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | No | 4 | M | Direct | ||
| 21,385 | No | 5 | J | Direct | ||
| 5,000 | No | 5 | J | Indirect |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Common Stock | 17,961 | Indirect | As UTMA custodian for son |
| Common Stock | 17,226 | Indirect | As UTMA custodian for daughter |
| Common Stock | 186,837 | Indirect | By limited liability company |
| Common Stock | 941,588 | Indirect | By limited liability company |
Reported Derivative Holdings
| Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|---|---|---|---|
| Common Stock | Units of Limited Partnership | $0.00 | 0 | 1,338,496 | Indirect | ||
| Common Stock | Units of Limited Partnership | $0.00 | 0 | 22,311,442 | Indirect |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 0 | 1,338,496 | Indirect | |
| 0 | 22,311,442 | Indirect |
Footnotes
- This price represents the weighted average price of the multiple transactions reported on this line. The shares were acquired at prices ranging from $73.11 to $73.19 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 acquired at each separate price.
- Mr. Taubman disclaims all beneficial interest in the shares of common stock owned in the UTMA accounts for the benefit of his children.
- Mr. Taubman disclaims all beneficial interest in the shares of common stock owned by such limited liability company beyond his pecuniary interest therein.
- Restricted stock units were granted to the reporting person pursuant to the Taubman 2008 Omnibus Long-term Incentive Plan. Each restricted stock unit represents a contingent right to receive upon vesting one share of the Company's common stock.
- Amount includes additional units granted as part of a grant modification completed in December 2014 in connection with a special dividend.
- The restricted stock units vested on March 1, 2015.
- Units of Limited Partnership in The Taubman Realty Group Limited Partnership may be exchanged for shares of common stock of Taubman Centers, Inc. on a one-for-one basis under the Continuing Offer (which is available to specified partners, including Mr. Taubman). To avoid duplication, excludes the same number of Series B Preferred Stock of Taubman Centers, Inc. held by such persons, which under specified circumstances can be converted into common stock of Taubman Centers, Inc. at a ratio of one share of common stock for each 14,000 shares of Series B Preferred Stock. The distribution on December 2, 2014 also included a pro rata distribution of the same amount of Series B Preferred Stock.
- Represents a pro rata distribution from the limited liability company to its members based on pecuniary interest.
- Mr. Taubman disclaims all beneficial interest in the shares of Series B Preferred Stock and units of limited partnership interest owned by such limited liability company beyond his pecuniary interest therein.
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