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Filing Details

Accession Number:: 0000890319-16-000198
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2016-02-22 15:18:05
Reporting Period:: 2016-02-18

Filing Date:: 2016-02-22
Accepted Time:: 2016-02-22 15:18:05
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
890319	Taubman Centers Inc	TCO	Real Estate Investment Trusts (6798)	382033632

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

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2016-02-18	42,338	$35.64	92,163	No	4	M	Direct
Common Stock	Acquisiton	2016-02-18	4,473	$35.50	96,636	No	4	M	Direct
Common Stock	Disposition	2016-02-18	34,876	$68.13	61,760	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	M	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Incentive Options (right to buy)	Disposition	2016-02-18	42,338	$0.00	42,338	$35.64
Common Stock	Incentive Options (right to buy)	Disposition	2016-02-18	4,473	$0.00	4,473	$35.50

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0		2016-03-08	No	4	M	Direct
0		2016-05-15	No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	711,504	Indirect	By limited liability company
Common Stock	186,837	Indirect	By limited liability company
Common Stock	153,763	Indirect	By limited liability company
Common Stock	23,861	Indirect	As UTMA custodian for son
Common Stock	23,426	Indirect	As UTMA custodian for daughter

Footnotes

This price represents the weighted average price of the multiple transactions reported on this line. The shares were sold at prices ranging from $68.08 to $68.19 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 sold at each separate price.
Mr. Taubman disclaims all beneficial interest in the shares of common stock owned by such limited liability company beyond his pecuniary interest therein.
Mr. Taubman disclaims all beneficial interest in the shares of common stock owned in the UTMA accounts for the benefit of his children.
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.
This price reflects a reduction of the per share exercise price by $4.75 as a result of a modification of unexercised stock options completed in December 2014 in connection with a special dividend.
The options vested as follows: 14,113 options vested in two equal installments on March 1, 2007 and 2008, respectively, and 14,112 options vested on March 1, 2009.
The options vested as follows: 1,491 options vested in three equal installments on March 1, 2007, 2008 and 2009, respectively.