SEC Form 4 · accession 0000890319-15-000045
TAUBMAN CENTERS INC · TCO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lisa A Payne
Officer — Vice Chairman AND CFO · Director
Period of report
Mar 2, 2015
Accepted (ET)
Mar 4, 2015 · 5:36 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 | 8,186 | $0.00 | A | 61,139 | D | |
| Common Stock | Mar 2, 2015 | F | 2,578 | $72.34 | D | 58,561 | D | |
| Common StockF1 | holding | — | — | — | 16,000 | I | By Trust, for daughter | |
| Common StockF1 | holding | — | — | — | 16,000 | I | By Trust, for daughter |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2,F3,F4 | $0.00 | Mar 2, 2015 | M | 8,186 | D | — | — | Common Stock | 8,186 | 0 | D |
Explanation of responses
- F1Ms. Payne disclaims all beneficial interest in the shares of common stock owned by the Trusts for the benefit of her children. Ms. Payne is not the trustee of such Trusts.
- F2Restricted stock units were granted to the reporting person pursuant to The Taubman Company 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.
- F3Amount includes additional units granted as part of a grant modification completed in December 2014 in connection with a special dividend.
- F4The restricted stock units vested on March 1, 2015.