Quarterly report pursuant to Section 13 or 15(d)

Equity-Based Compensation of the Operating Partnership (Tables)

v2.4.0.6
Equity-Based Compensation of the Operating Partnership (Tables) (Tanger Properties Limited Partnership [Member])
3 Months Ended
Mar. 31, 2013
Tanger Properties Limited Partnership [Member]
 
Disclosure of Equity-based Compensation Arrangements by Equity-based Payment Award
We recorded equity-based compensation expense in general and administrative expenses in our consolidated statements of operations as follows (in thousands):
 
 
Three months ended March 31,
Restricted units
 
2013
 
2012
Restricted units (1)
 
$
1,924

 
$
2,850

Notional unit performance awards
 
506

 
489

Options
 
52

 
52

Total equity-based compensation
 
$
2,482

 
$
3,391


Schedule of Equity-based Compensation, Restricted Stock Units Award Activity

The following table summarizes information related to unvested restricted units outstanding as of March 31, 2013:
Unvested Restricted Units
 
Number of units
 
Weighted-average grant date fair value
Unvested at December 31, 2012
 
261,998

 
$
97.56

Granted
 
87,343

 
124.04

Vested
 
(72,350
)
 
89.40

Forfeited
 
(3,000
)
 
102.44

Unvested at March 31, 2013
 
273,991

 
$
108.12