Tanger Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Partners' Equity of the Operating Partnership

Partners' Equity of the Operating Partnership

6 Months Ended

Jun. 30, 2016

Tanger Properties Limited Partnership [Member]

Schedule of Partners' Equity of the Operating Partnership [Line Items]

Partners' Equity of the Operating Partnership

All units of partnership interest issued by the Operating Partnership have equal rights with respect to earnings, dividends and net assets. When the Company issues common shares upon the exercise of options, the grant of restricted common share awards, or the exchange of Class A common limited partnership units, the Operating Partnership issues a corresponding Class B common limited partnership unit to Tanger LP trust, a wholly owned subsidiary of the Company.

The following table sets forth the changes in outstanding partnership units for the six months ended June 30, 2016 and June 30, 2015.



		Limited Partnership Units
	General Partnership Units	Class A	Class B		Total
Balance December 31, 2014	1,000,000	5,078,406	94,509,781		99,588,187
Grant of restricted common share awards by the Company	—	—	348,844		348,844
Units issued upon exercise of options	—	—	14,000		14,000
Units withheld for employee income taxes	—	—	(30,578	)	(30,578	)
Balance June 30, 2015	1,000,000	5,078,406	94,842,047		99,920,453

Balance December 31, 2015	1,000,000	5,052,743	94,880,825		99,933,568
Grant of restricted common share awards by the Company, net of of forfeitures	—	—	173,124		173,124
Issuance of deferred units	—	—	24,040		24,040
Units issued upon exercise of options	—	—	35,300		35,300
Units withheld for employee income taxes	—	—	(60,382	)	(60,382	)
Balance June 30, 2016	1,000,000	5,052,743	95,052,907		100,105,650