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)

6 Months Ended

Jun. 30, 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 June 30, 2011:



Unvested Restricted Shares	Number of shares		Weighted-average grant date fair value
Unvested at December 31, 2010	717,760		$	17.95
Granted	324,000		25.44
Vested	(207,600	)	17.87
Forfeited	(11,600	)	17.78
Unvested at June 30, 2011	822,560		$	20.92

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

We recorded share-based compensation expense in our statements of operations for the three and six months ended June 30, 2011 and 2010 as follows (in thousands):



	Three Months Ended June 30,				Six Months Ended June 30,
	2011		2010		2011		2010
Restricted shares	$	1,266	$	1,006	$	2,533	$	1,965
Notional unit performance awards	507		450		1,013		717
Options	47		—		72		—
Total share-based compensation	$	1,820	$	1,456	$	3,618	$	2,682

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

Options outstanding at June 30, 2011 had the following weighted average exercise prices and weighted average remaining contractual lives:



	Options Outstanding				Options Exercisable
Range of exercise prices	Options	Weighted-average exercise price		Weighted-average remaining contractual life in years	Options	Weighted-average exercise price
$9.6900	10,000	$	9.69	2.83	10,000	$	9.69
$9.7075	93,700	9.71		2.83	93,700	9.71
$11.8125	12,000	11.81		3.34	12,000	11.81
$26.0600	185,000	26.06		9.66	—	—
	300,700	$	19.85	7.05	115,700	$	9.92

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 June 30, 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	(4,500	)	9.71
Forfeited	(6,500	)	26.06
Outstanding as of June 30, 2011	300,700		$	19.85	7.05	$	1,945

Vested and Expected to Vest as of
June 30, 2011	259,905		$	18.88	6.64	$	1,934

Exercisable as of June 30, 2011	115,700		$	9.92	2.88	$	1,897

- 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