Annual report pursuant to Section 13 and 15(d)

Equity-Based Compensation (Tables)

v3.3.1.900
Equity-Based Compensation (Tables) - Tanger Factory Outlet Centers, Inc [Member]
12 Months Ended
Dec. 31, 2015
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs
We recorded share based compensation expense in general and administrative expenses in the consolidated statements of operations for the years ended December 31, 2015, 2014 and 2013, respectively, as follows (in thousands):
 
 
2015
 
2014
 
2013
Restricted common shares
 
$
11,220

 
$
9,978

 
$
8,354

Notional unit performance awards
 
3,030

 
4,313

 
2,847

Options
 
462

 
459

 
175

Total share based compensation
 
$
14,712

 
$
14,750

 
$
11,376

Schedule of Share-based Compensation, Restricted Stock Units Award Activity
The following table summarizes information related to unvested restricted common shares outstanding as of December 31, 2015:
Unvested Restricted Common Shares
 
Number of shares
 
Weighted average grant date fair value
Outstanding at December 31, 2014
 
1,099,450

 
$
29.01

Granted
 
357,844

 
36.69

Vested
 
(371,299
)
 
28.12

Forfeited
 

 

Outstanding at December 31, 2015
 
1,085,995

 
$
31.84

Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range
Options outstanding at December 31, 2015 had the following weighted average exercise prices and weighted average remaining contractual lives:
 
 
Options Outstanding
 
Options Exercisable
Exercise prices
 
Options
 
Weighted average exercise price
 
Weighted remaining contractual life in years
 
Options
 
Weighted average exercise price
$
26.06

 
91,000

 
$
26.06

 
5.16
 
62,500

 
$
26.06

32.02

 
227,400

 
32.02

 
8.01
 
42,200

 
32.02

 
 
318,400

 
$
30.32

 
7.19
 
104,700

 
$
28.46



Schedule of Share-based Compensation, Stock Options, Activity
A summary of option activity under the Plan as of December 31, 2015 and changes during the year then ended is presented below (aggregate intrinsic value amount in thousands):
Options
 
Shares
 
Weighted-average exercise price
 
Weighted-average remaining contractual life in years
 
Aggregate intrinsic value
Outstanding as of December 31, 2014
 
370,500

 
$
30.20

 
 
 
 
Granted
 

 

 
 
 
 
Exercised
 
(28,400
)
 
27.76

 
 
 
 
Forfeited
 
(23,700
)
 
31.58

 
 
 
 
Outstanding as of December 31, 2015
 
318,400

 
$
30.32

 
7.19
 
$
924

 
 
 
 
 
 
 
 
 
Vested and Expected to Vest as of
 
 
 
 
 
 
 
 
December 31, 2015
 
258,633

 
$
30.13

 
7.10
 
$
800

 
 
 
 
 
 
 
 
 
Exercisable as of December 31, 2015
 
104,700

 
$
28.46

 
6.31
 
$
498