SEC Form 4 · accession 0000890319-15-000043
TAUBMAN CENTERS INC · TCO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David Joseph II
Officer — Senior Vice President, Leasing
Period of report
Mar 2, 2015
Accepted (ET)
Mar 4, 2015 · 5:34 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000890319
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Mar 2, 2015 | M | 2,764 | $0.00 | A | 4,547 | D | |
| Common Stock | Mar 2, 2015 | F | 879 | $72.34 | D | 3,668 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2,F3 | $0.00 | Mar 2, 2015 | M | 2,764 | D | — | — | Common Stock | 2,764 | 4,838 | D |
Explanation of responses
- F1Restricted stock units were granted to the reporting person pursuant to the Taubman 2008 Omnibus Long-term Incentive Plan. Each restricted stock unit represents a contingent right to receive upon vesting one share of the Company's common stock.
- F2Amounts include additional units granted as part of a grant modification completed in December 2014 in connection with a special dividend.
- F3The restricted stock units vested on March 1, 2015.The remaining 4,838 of restricted stock units vest on March 1, 2016.