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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
1088534	A Lisa Payne	Taubman Centers, Inc. 200 E. Long Lake Road, Suite 300 Bloomfield Hills MI 48304	Vice Chairman And Cfo	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	2012-03-01	34,014	$0.00	61,781	No	4	M	Direct
Common Stock	Disposition	2012-03-01	12,436	$69.07	49,345	No	4	F	Direct
Common Stock	Acquisiton	2012-03-01	81,634	$0.00	130,979	No	4	A	Direct
Common Stock	Disposition	2012-03-01	33,307	$69.37	97,672	No	4	F	Direct
Common Stock	Disposition	2012-03-01	1,500	$69.00	96,172	No	4	S	Direct

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

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Restricted Stock Units	Disposition	2012-03-01	34,014	$0.00	34,014	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0			No	4	M	Direct

Footnotes

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%.
The sale was effected pursuant to a 10b5-1 trading plan initially adopted by the reporting person on February 14, 2012. The plan provides for monthly sales of 1,500 shares of common stock if the specified minimum trading price is satisfied. Shares that are not sold in a particular month will be available for sale in subsequent months under the plan. A maximum of 16,500 shares remain available for sale under the plan, which is set to expire on February 28, 2013.
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.
The restricted stock units vested on March 1, 2012.