Quarterly report pursuant to Section 13 or 15(d)

Share-based Compensation of the Company (Tables)

v2.4.0.6
Share-based Compensation of the Company (Tables) (Tanger Factory Outlet Centers, Inc [Member])
3 Months Ended
Mar. 31, 2013
Tanger Factory Outlet Centers, Inc [Member]
 
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs
We recorded share-based compensation expense in general and administrative expenses in our consolidated statements of operations as follows (in thousands):
 
 
Three months ended March 31,
 
 
2013
 
2012
Restricted common shares (1)
 
$
1,889

 
$
2,850

Notional unit performance awards
 
528

 
489

Options
 
43

 
52

Total share-based compensation
 
$
2,460

 
$
3,391

(1) For the three months ended March 31, 2012, includes approximately $1.3 million of compensation expense related to 45,000 common shares that vested immediately upon grant under the terms of the amended and restated Employment Agreement (the "Employment Agreement") for Steven B. Tanger, our President and Chief Executive Officer.
Schedule of Share-based Compensation, Restricted Stock Units Award Activity
The following table summarizes information related to unvested restricted common shares outstanding as of March 31, 2013:
Unvested Restricted Common Shares
 
Number of shares
 
Weighted-average grant date fair value
Unvested at December 31, 2012
 
1,047,993

 
$
24.39

Granted
 
349,373

 
31.01

Vested
 
(289,400
)
 
22.35

Forfeited
 
(12,000
)
 
25.61

Unvested at March 31, 2013
 
1,095,966

 
$
27.03