CHAFIN WILLARD A 4
4 · TANGER FACTORY OUTLET CENTERS INC · Filed May 1, 2006
Insider Transaction Report
Form 4
CHAFIN WILLARD A
Exec. V. P.
Transactions
- Exercise/Conversion
Common Stock
2006-04-28$19.41/sh+1,000$19,415→ 3,000 total - Exercise/Conversion
Limited Partnership Unit Option (right to buy)
2006-04-28−1,000→ 19,000 totalExercise: $19.41From: 2005-04-27Exp: 2014-04-27→ Common Stock (1,000 underlying) - Sale
Common Stock
2006-04-28$32.83/sh−1,000$32,830→ 2,000 total
Footnotes (2)
- [F1]Options to purchase limited partnership units, granted pursuant to the Tanger Properties Limited Partnership Unit Option Plan. Due to the two-for-one split of the Company's common shares on December 28, 2004, each unit obtained upon exercise of option is now exchangeable for common shares on a two-for-one basis. Accordingly, the number of options and the exercise prices stated have been adjusted to reflect the effect of the split.
- [F2]The option becomes exercisable in five equal annual installments, commencing one year from the date of grant.