Tanger Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Share-based Compensation of the Company (Tables)

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

12 Months Ended

Dec. 31, 2011

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 December 31, 2011:



Unvested Restricted Shares	Number of shares		Weighted average grant date fair value
Unvested at December 31, 2010	717,760		$	17.95
Granted	329,000		25.48
Vested	(243,823	)	18.46
Forfeited	(11,600	)	17.78
Unvested at December 31, 2011	791,337		$	20.93

The total value of restricted shares vested during the years ended 2011, 2010 and 2009 was $7.1 million, $4.7 million and $13.5 million, respectively.

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 the consolidated statements of operations for the years ended December 31, 2011, 2010 and 2009, respectively, as follows (in thousands):



	2011		2010		2009
Restricted shares ⁽¹⁾	$	5,227	$	4,095	$	11,720
Notional unit performance awards	1,885		1,753		—
Options	179		—		78
Total share based compensation	$	7,291	$	5,848	$	11,798


(1)	For the year ended December 31, 2009, includes $6.9 million of incremental share-based compensation related to the accelerated vesting of restricted shares.

Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]

Options outstanding at December 31, 2011 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
$9.69	10,000	$	9.69	2.32	10,000	$	9.69
$9.71	61,700	9.71		2.33	61,700	9.71
$11.81	12,000	11.81		2.84	12,000	11.81
$26.06	177,500	26.06		9.16	—	—
	261,200	$	20.92	6.99	83,700	$	10.01

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

A summary of option activity under our Amended and Restated Incentive Award Plan as of December 31, 2011 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, 2010	120,200		$	9.92
Granted	191,500		26.06
Exercised	(36,500	)	9.71
Forfeited	(14,000	)	26.06
Outstanding as of December 31, 2011	261,200		$	20.92	6.99	$	2,273

Vested and Expected to Vest as of
December 31, 2011	222,181		$	20.01	6.61	$	2,135

Exercisable as of December 31, 2011	83,700		$	10.01	2.40	$	1,642

The total intrinsic value of options exercised during the years ended December 31, 2011, 2010 and 2009 was $652,000, $1.7 million and $1.5 million, respectively.

- 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.

+ References + Details

- Definition

Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms.

+ References + Details