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

Quarterly report pursuant to Section 13 or 15(d)

Share-based Compensation of the Company (Tables)

Share-based Compensation of the Company (Tables) (Tanger Factory Outlet Centers, Inc)

3 Months Ended

Mar. 31, 2012

Tanger Factory Outlet Centers, Inc

Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block]

The following table summarizes information related to unvested restricted shares outstanding as of March 31, 2012:



Unvested Restricted Shares	Number of shares		Weighted-average grant date fair value
Unvested at December 31, 2011	791,337		$	20.93
Granted	571,000		27.90
Vested	(273,800	)	21.44
Forfeited	(5,000	)	29.50
Unvested at March 31, 2012	1,083,537		$	24.43

Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]

We recorded share-based compensation expense in general and administrative expenses in our consolidated statements of operations for the three months ended March 31, 2012 and 2011 as follows (in thousands):



	Three Months Ended March 31,
	2012		2011
Restricted shares ⁽¹⁾	$	2,850	$	1,266
Notional unit performance awards	489		507
Options	52		25
Total share-based compensation	$	3,391	$	1,798

(1) Includes approximately $1.3 million of compensation expense related to 45,000 shares that vested immediately upon grant related to the Employment Agreement described above.

- Definition

Tabular disclosure of the allocation of equity-based compensation costs to a given line item on the balance sheet and income statement for the period. This may include the reporting line for the costs and the amount capitalized and expensed.

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