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Filing Details

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
1330356	R Robert Reese	Taubman Centers, Inc. 200 E. Long Lake Road, Suite 300 Bloomfield Hills MI 48304	Senior Vp, Chief Admin Officer	No	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
Common Stock	Acquisiton	2012-02-14	20,000	$29.38	28,609	No	4	M	Direct
Common Stock	Acquisiton	2012-02-14	15,357	$31.31	43,966	No	4	M	Direct
Common Stock	Disposition	2012-02-14	35,357	$68.39	8,609	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

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Incentive Options (right to buy)	Disposition	2012-02-14	20,000	$0.00	20,000	$29.38
Common Stock	Incentive Options (right to buy)	Disposition	2012-02-14	13,334	$0.00	13,334	$31.31
Common Stock	Incentive Options (right to buy)	Disposition	2012-02-14	2,023	$0.00	2,023	$31.31

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
20,000	2015-03-04	No	4	M	Direct
6,666	2015-05-18	No	4	M	Direct
0	2015-05-18	No	4	M	Direct

Footnotes

This price represents the weighted average price of the multiple transactions reported on this line. The shares were sold at prices ranging from $68.00 to $68.66 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.
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.
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.
Of this amount, 6,667 options vested on May 18, 2008 and 6,667 options vested on May 18, 2010. The remaining options vest on May 18, 2012, subject to the satisfaction of certain Company performance criteria.
Options vested on May 18, 2008.