Home > Insider Trading > Filing (0001127602-12-008762)

Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
899715	Tanger Factory Outlet Centers Inc	SKT	Real Estate Investment Trusts (6798)	561815473

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1216940	B Steven Tanger	3200 Northline Avenue, Suite 360 Greensboro NC 27408	President And Ceo	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
Common Stock	Acquisiton	2012-02-28	225,000	$0.00	757,800	No	4	A	Direct
Common Stock	Disposition	2012-02-28	27,478	$29.01	730,322	No	4	S	Direct
Common Stock	Disposition	2012-02-29	137,522	$0.00	592,800	No	5	G	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	A	Direct
No	4	S	Direct
No	5	G	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	12,624	Indirect	By Pigeon Forge Factory Stores, Inc.
Common Stock	1,962	Indirect	By Tanger-P.F. Properties, Inc.

Footnotes

Represents equity awards granted by the Company pursuant to the terms of Mr. Tanger's amended and restated employment agreement dated February 28, 2012. Such equity awards consist of the following: 45,000 fully-vested common shares; 90,000 restricted common shares that will vest ratably over five years based on Mr. Tanger's continued employment and 90,000 restricted common shares that will vest ratably over five years based on Mr. Tanger's continued employment and the Company achieving specified shareholder returns.
Represents weighted average sale price of multiple transactions ranging from $28.89 to $29.13.
Securities sold pursuant to a plan intended to comply with Rule 10b5-1, previously adopted on December 11, 2008 and amended August 3, 2009, to direct the sale of certain restricted shares upon vesting to cover the applicable withholding taxes due upon vesting.
Mr. Tanger indirectly contributed the shares to an irrevocable Trust of which he is a beneficiary, but of which he is not the trustee or investment advisor and therefore he has no investment control over the shares indirectly held by the Trust. Accordingly, Mr. Tanger is deemed to no longer be the beneficial owner of such shares.