Quarterly report pursuant to Section 13 or 15(d)

Equity Based Compensation of the Company (Tables)

v2.4.0.8
Equity Based Compensation of the Company (Tables) (Tanger Factory Outlet Centers, Inc [Member])
 9 Months Ended
Sep. 30, 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
 
Nine months ended
 
 
September 30,
 
September 30,
 
 
2013
 
2012
 
2013
 
2012
Restricted common shares (1)
 
$
2,141

 
$
1,886

 
$
6,162

 
$
6,600

Notional unit performance awards
 
778

 
495

 
2,069

 
1,475

Options
 
45

 
53

 
132

 
156

Total share-based compensation
 
$
2,964

 
$
2,434

 
$
8,363

 
$
8,231

(1)
For the nine months ended September 30, 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, President and Chief Executive Officer of the Company.
Schedule of Share-based Compensation, Restricted Stock Units Award Activity
The following table summarizes information related to unvested restricted common shares outstanding as of September 30, 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
 
(291,400
)
 
22.34

Forfeited
 
(12,000
)
 
25.61

Unvested at September 30, 2013
 
1,093,966

 
$
27.04