SKT

SEC source: 0000899715-19-000002 · wf-form5_154845204154389.xml · nonDerivative · entry 1

TANGER STEVEN B · CIK 0001216940 · Director · CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,101,983

F1 · kind: This transaction involved a gift of securities by Mr. Tanger to his wife. Mr. Tanger disclaims beneficial ownership of the shares held by his wife, and this report should not be deemed an admission that Mr. Tanger is the beneficial owner of his wife's shares for purposes of Section 16 or for any other purpose.

SEC source: 0000899715-18-000160 · wf-form4_154361699572568.xml · nonDerivative · entry 1

Worsham Charles Allen · CIK 0001609003 · SVP,Construction & Development

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 32,493

F1 · price: Represents the weighted average sales price of multiple transactions ranging from $23.62 to $23.63.

SEC source: 0000899715-21-000030 · wf-form4_161360411287094.xml · nonDerivative · entry 1

Worsham Charles Allen · CIK 0001609003 · SVP,Construction & Development

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 37,221.39

SEC source: 0000899715-18-000156 · wf-form4_154335366280865.xml · nonDerivative · entry 1

Perry Chad · CIK 0001537306 · EVP,General Counsel,Secretary

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 86,517

SEC source: 0000899715-18-000154 · wf-form4_154240319201010.xml · nonDerivative · entry 1

CITRIN JEFFREY B · CIK 0001019975 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 37,608.22

F1 · shares: Represents deferred share units issued pursuant to the Director Deferred Share Program of Tanger Factory Outlet Centers, Inc. and Tanger Properties Limited Partnership. Each deferred share unit is equivalent to one common share. The deferred share units become payable in common shares on January 15, 2024.

SEC source: 0000899715-18-000152 · wf-form4_154214868933036.xml · nonDerivative · entry 1

MORRISON LISA J · CIK 0001218076 · Executive VP Leasing

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 41,167

F1 · price: Represents the weighted average sales price of multiple transactions ranging from $23.89 to $23.90.

SEC source: 0000899715-18-000139 · wf-form4_153575707602417.xml · nonDerivative · entry 1

WARREN CARRIE A · CIK 0001218086 · SVP, Chief Marketing Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 53,501

F1 · price: Represents the weighted average share price of multiple transactions ranging from $24.140 to $24.155.

SEC source: 0000899715-18-000137 · wf-form4_153436452581879.xml · nonDerivative · entry 1

CITRIN JEFFREY B · CIK 0001019975 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 35,926.57

F1 · shares: Represents deferred share units issued pursuant to the Director Deferred Share Program of Tanger Factory Outlet Centers, Inc. and Tanger Properties Limited Partnership. Each deferred share unit is equivalent to one common share. The deferred share units become payable in common shares on January 15, 2024.

SEC source: 0000899715-18-000135 · wf-form4_153393167285942.xml · nonDerivative · entry 1

Perry Chad · CIK 0001537306 · EVP,General Counsel,Secretary

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 89,017

F1 · price: Represents the weighted average sales price of multiple transactions ranging from $23.750 to $23.764.

SEC source: 0000899715-18-000132 · wf-form4_153358769921072.xml · nonDerivative · entry 1

REDDIN THOMAS · CIK 0001107092 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 27,831

F1 · kind: Transfer of shares to reporting person's spouse pursuant to a property settlement agreement in connection with separation proceedings.

SEC source: 0000899715-18-000131 · wf-form4_153358767214710.xml · nonDerivative · entry 1

Guerrieri Thomas Joseph JR · CIK 0001705861 · VP, CAO and Controller

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 28,807

SEC source: 0000899715-18-000115 · wf-form4_152779817256084.xml · nonDerivative · entry 1

Worsham Charles Allen · CIK 0001609003 · SVP,Construction & Development

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 36,043

SEC source: 0000899715-18-000113 · wf-form4_152702081355883.xml · nonDerivative · entry 1

WARREN CARRIE A · CIK 0001218086 · SVP, Chief Marketing Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 55,501

SEC source: 0000899715-18-000107 · wf-form4_152641538450820.xml · nonDerivative · entry 1

CITRIN JEFFREY B · CIK 0001019975 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 34,696.34

F1 · shares: Represents deferred share units issued pursuant to the Director Deferred Share Program of Tanger Factory Outlet Centers, Inc. and Tanger Properties Limited Partnership. Each deferred share unit is equivalent to one common share. The deferred share units become payable in common shares on January 15, 2024.

SEC source: 0000899715-18-000088 · wf-form4_151994671636873.xml · nonDerivative · entry 1

Worsham Charles Allen · CIK 0001609003 · SVP,Construction & Development

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 40,882

SEC source: 0000899715-18-000087 · wf-form4_151994669564056.xml · nonDerivative · entry 1

Williams James Floyd · CIK 0001288851 · Sr.VP &CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 76,881

SEC source: 0000899715-18-000086 · wf-form4_151994667511545.xml · nonDerivative · entry 1

SUMMERELL VIRGINIA R · CIK 0001218084 · Senior VP, Treasurer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 30,785

SEC source: 0000899715-18-000085 · wf-form4_151994665904217.xml · nonDerivative · entry 1

Perry Chad · CIK 0001537306 · EVP,General Counsel,Secretary

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 91,017

SEC source: 0000899715-18-000084 · wf-form4_151994664160732.xml · nonDerivative · entry 1

MORRISON LISA J · CIK 0001218076 · Senior VP Leasing

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 49,667

SEC source: 0000899715-18-000083 · wf-form4_151994662439814.xml · nonDerivative · entry 1

McDonough Thomas E. · CIK 0001408616 · President & COO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 197,056

SEC source: 0000899715-18-000082 · wf-form4_151994654215681.xml · nonDerivative · entry 1

Guerrieri Thomas Joseph JR · CIK 0001705861 · VP, CAO and Controller

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 29,307

SEC source: 0000899715-18-000081 · wf-form4_151994652571461.xml · nonDerivative · entry 1

WARREN CARRIE A · CIK 0001218086 · SVP, Chief Marketing Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 57,858

SEC source: 0000899715-18-000090 · wf-form4_152002508328650.xml · nonDerivative · entry 1

Worsham Charles Allen · CIK 0001609003 · SVP,Construction & Development

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 40,443

SEC source: 0000899715-18-000072 · wf-form4_151976744434106.xml · nonDerivative · entry 1

SUMMERELL VIRGINIA R · CIK 0001218084 · Senior VP, Treasurer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 32,025

F1 · price: Represents the weighted average sales price of multiple transactions ranging from $22.831 to $22.961.

SEC source: 0000899715-18-000052 · wf-form4_151916395548840.xml · nonDerivative · entry 3

McDonough Thomas E. · CIK 0001408616 · President & COO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 206,389

F2 · kind: The sales reported in this Form 4 were effected pursuant to a previously adopted plan intended to comply with Rule 10b5-1.

SEC source: 0000899715-18-000063 · wf-form4_151916434834811.xml · derivative · entry 3

Worsham Charles Allen · CIK 0001609003 · SVP,Construction & Development

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 9,764

Underlying: Common Stock · 9,764 shares

Expires not disclosed

F2 · security: Represents a grant of performance shares which may convert into an equivalent number of restricted common shares of the Company based on the Company's share price appreciation inclusive of all dividends (TSR), and its TSR relative to a selected group, over the three-year measurement period from February 16, 2018 through February 15, 2021.

F3 · security: With respect to 33.30% of the performance shares, 20% of this portion of the award will be earned if the Company's aggregate TSR equals 19.1% over the 3-year measurement period, 60% of this portion of the award will be earned if the Company's aggregate TSR equals 24.23%, and 100% of this portion of the award will be earned if the Company's aggregate TSR equals or exceeds 29.5%. With respect to the other 66.70% of the performance shares, 20% of this portion of the award will be earned if the Company's TSR is in the 30th percentile of its peer group over the 3-year measurement period, 60% of this portion of the award will be earned if the Company's TSR is in the 55th percentile of its peer group during this period, and 100% of this portion of the award will be earned if the Company's TSR is in the 80th percentile of its peer group or greater during this period. The performance shares will convert on a pro-rata basis by linear interpolation between share price appreciation thresholds.

F2 · derivative.exercise_price: Represents a grant of performance shares which may convert into an equivalent number of restricted common shares of the Company based on the Company's share price appreciation inclusive of all dividends (TSR), and its TSR relative to a selected group, over the three-year measurement period from February 16, 2018 through February 15, 2021.

F3 · derivative.exercise_price: With respect to 33.30% of the performance shares, 20% of this portion of the award will be earned if the Company's aggregate TSR equals 19.1% over the 3-year measurement period, 60% of this portion of the award will be earned if the Company's aggregate TSR equals 24.23%, and 100% of this portion of the award will be earned if the Company's aggregate TSR equals or exceeds 29.5%. With respect to the other 66.70% of the performance shares, 20% of this portion of the award will be earned if the Company's TSR is in the 30th percentile of its peer group over the 3-year measurement period, 60% of this portion of the award will be earned if the Company's TSR is in the 55th percentile of its peer group during this period, and 100% of this portion of the award will be earned if the Company's TSR is in the 80th percentile of its peer group or greater during this period. The performance shares will convert on a pro-rata basis by linear interpolation between share price appreciation thresholds.

F4 · derivative.exercise_date: Any restricted common shares earned on February 15, 2021 are subject to a time based vesting schedule. 50% of the shares will vest on February 17, 2021 and the remaining 50% will vest on February 17, 2022, contingent upon continued employment with the Company through the vesting dates.

F2 · derivative.expiration_date: Represents a grant of performance shares which may convert into an equivalent number of restricted common shares of the Company based on the Company's share price appreciation inclusive of all dividends (TSR), and its TSR relative to a selected group, over the three-year measurement period from February 16, 2018 through February 15, 2021.

F4 · derivative.expiration_date: Any restricted common shares earned on February 15, 2021 are subject to a time based vesting schedule. 50% of the shares will vest on February 17, 2021 and the remaining 50% will vest on February 17, 2022, contingent upon continued employment with the Company through the vesting dates.

SEC source: 0000899715-18-000063 · wf-form4_151916434834811.xml · nonDerivative · entry 2

Worsham Charles Allen · CIK 0001609003 · SVP,Construction & Development

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 41,733

F1 · shares: Represents a grant of restricted common shares under the Company's Amended and Restated Incentive Award Plan. The restricted common shares vest and the restrictions cease to apply on twenty percent of the award on each February 15th over a five year period beginning February 15, 2019.

SEC source: 0000899715-18-000062 · wf-form4_151916432845629.xml · derivative · entry 3

Williams James Floyd · CIK 0001288851 · Sr.VP &CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 22,449

Underlying: Common Stock · 22,449 shares

Expires not disclosed

F2 · security: Represents a grant of performance shares which may convert into an equivalent number of restricted common shares of the Company based on the Company's share price appreciation inclusive of all dividends (TSR), and its TSR relative to a selected group, over the three-year measurement period from February 16, 2018 through February 15, 2021.

F3 · security: With respect to 33.30% of the performance shares, 20% of this portion of the award will be earned if the Company's aggregate TSR equals 19.1% over the 3-year measurement period, 60% of this portion of the award will be earned if the Company's aggregate TSR equals 24.23%, and 100% of this portion of the award will be earned if the Company's aggregate TSR equals or exceeds 29.5%. With respect to the other 66.70% of the performance shares, 20% of this portion of the award will be earned if the Company's TSR is in the 30th percentile of its peer group over the 3-year measurement period, 60% of this portion of the award will be earned if the Company's TSR is in the 55th percentile of its peer group during this period, and 100% of this portion of the award will be earned if the Company's TSR is in the 80th percentile of its peer group or greater during this period. The performance shares will convert on a pro-rata basis by linear interpolation between share price appreciation thresholds.

F2 · derivative.exercise_price: Represents a grant of performance shares which may convert into an equivalent number of restricted common shares of the Company based on the Company's share price appreciation inclusive of all dividends (TSR), and its TSR relative to a selected group, over the three-year measurement period from February 16, 2018 through February 15, 2021.

F3 · derivative.exercise_price: With respect to 33.30% of the performance shares, 20% of this portion of the award will be earned if the Company's aggregate TSR equals 19.1% over the 3-year measurement period, 60% of this portion of the award will be earned if the Company's aggregate TSR equals 24.23%, and 100% of this portion of the award will be earned if the Company's aggregate TSR equals or exceeds 29.5%. With respect to the other 66.70% of the performance shares, 20% of this portion of the award will be earned if the Company's TSR is in the 30th percentile of its peer group over the 3-year measurement period, 60% of this portion of the award will be earned if the Company's TSR is in the 55th percentile of its peer group during this period, and 100% of this portion of the award will be earned if the Company's TSR is in the 80th percentile of its peer group or greater during this period. The performance shares will convert on a pro-rata basis by linear interpolation between share price appreciation thresholds.

F4 · derivative.exercise_date: Any restricted common shares earned on February 15, 2021 are subject to a time based vesting schedule. 50% of the shares will vest on February 17, 2021 and the remaining 50% will vest on February 17, 2022, contingent upon continued employment with the Company through the vesting dates.

F2 · derivative.expiration_date: Represents a grant of performance shares which may convert into an equivalent number of restricted common shares of the Company based on the Company's share price appreciation inclusive of all dividends (TSR), and its TSR relative to a selected group, over the three-year measurement period from February 16, 2018 through February 15, 2021.

F4 · derivative.expiration_date: Any restricted common shares earned on February 15, 2021 are subject to a time based vesting schedule. 50% of the shares will vest on February 17, 2021 and the remaining 50% will vest on February 17, 2022, contingent upon continued employment with the Company through the vesting dates.

SEC source: 0000899715-18-000062 · wf-form4_151916432845629.xml · nonDerivative · entry 2

Williams James Floyd · CIK 0001288851 · Sr.VP &CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 78,113

F1 · shares: Represents a grant of restricted common shares under the Company's Amended and Restated Incentive Award Plan. The restricted common shares vest and the restrictions cease to apply on one-third of the award on each February 15th over a three year period beginning February 15, 2019.

SEC source: 0000899715-18-000061 · wf-form4_151916430717057.xml · derivative · entry 3

WARREN CARRIE A · CIK 0001218086 · SVP, Chief Marketing Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 9,764

Underlying: Common Stock · 9,764 shares

Expires not disclosed

F2 · security: Represents a grant of performance shares which may convert into an equivalent number of restricted common shares of the Company based on the Company's share price appreciation inclusive of all dividends (TSR), and its TSR relative to a selected group, over the three-year measurement period from February 16, 2018 through February 15, 2021.

F3 · security: With respect to 33.30% of the performance shares, 20% of this portion of the award will be earned if the Company's aggregate TSR equals 19.1% over the 3-year measurement period, 60% of this portion of the award will be earned if the Company's aggregate TSR equals 24.23%, and 100% of this portion of the award will be earned if the Company's aggregate TSR equals or exceeds 29.5%. With respect to the other 66.70% of the performance shares, 20% of this portion of the award will be earned if the Company's TSR is in the 30th percentile of its peer group over the 3-year measurement period, 60% of this portion of the award will be earned if the Company's TSR is in the 55th percentile of its peer group during this period, and 100% of this portion of the award will be earned if the Company's TSR is in the 80th percentile of its peer group or greater during this period. The performance shares will convert on a pro-rata basis by linear interpolation between share price appreciation thresholds.

F2 · derivative.exercise_price: Represents a grant of performance shares which may convert into an equivalent number of restricted common shares of the Company based on the Company's share price appreciation inclusive of all dividends (TSR), and its TSR relative to a selected group, over the three-year measurement period from February 16, 2018 through February 15, 2021.

F3 · derivative.exercise_price: With respect to 33.30% of the performance shares, 20% of this portion of the award will be earned if the Company's aggregate TSR equals 19.1% over the 3-year measurement period, 60% of this portion of the award will be earned if the Company's aggregate TSR equals 24.23%, and 100% of this portion of the award will be earned if the Company's aggregate TSR equals or exceeds 29.5%. With respect to the other 66.70% of the performance shares, 20% of this portion of the award will be earned if the Company's TSR is in the 30th percentile of its peer group over the 3-year measurement period, 60% of this portion of the award will be earned if the Company's TSR is in the 55th percentile of its peer group during this period, and 100% of this portion of the award will be earned if the Company's TSR is in the 80th percentile of its peer group or greater during this period. The performance shares will convert on a pro-rata basis by linear interpolation between share price appreciation thresholds.

F4 · derivative.exercise_date: Any restricted common shares earned on February 15, 2021 are subject to a time based vesting schedule. 50% of the shares will vest on February 17, 2021 and the remaining 50% will vest on February 17, 2022, contingent upon continued employment with the Company through the vesting dates.

F2 · derivative.expiration_date: Represents a grant of performance shares which may convert into an equivalent number of restricted common shares of the Company based on the Company's share price appreciation inclusive of all dividends (TSR), and its TSR relative to a selected group, over the three-year measurement period from February 16, 2018 through February 15, 2021.

F4 · derivative.expiration_date: Any restricted common shares earned on February 15, 2021 are subject to a time based vesting schedule. 50% of the shares will vest on February 17, 2021 and the remaining 50% will vest on February 17, 2022, contingent upon continued employment with the Company through the vesting dates.

SEC source: 0000899715-18-000061 · wf-form4_151916430717057.xml · nonDerivative · entry 2

WARREN CARRIE A · CIK 0001218086 · SVP, Chief Marketing Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 59,145

F1 · shares: Represents a grant of restricted common shares under the Company's Amended and Restated Incentive Award Plan. The restricted common shares vest and the restrictions cease to apply on twenty percent of the award on each February 15th over a five year period beginning February 15, 2019.

SEC source: 0000899715-18-000060 · wf-form4_151916428364337.xml · derivative · entry 2

TANGER STEVEN B · CIK 0001216940 · Director · CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 170,068

Underlying: Common Stock · 170,068 shares

Expires not disclosed

F2 · security: Represents a grant of performance shares which may convert into an equivalent number of restricted common shares of the Company based on the Company's share price appreciation inclusive of all dividends (TSR), and its TSR relative to a selected group, over the three-year measurement period from February 16, 2018 through February 15, 2021.

F3 · security: With respect to 33.30% of the performance shares, 20% of this portion of the award will be earned if the Company's aggregate TSR equals 19.1% over the 3-year measurement period, 60% of this portion of the award will be earned if the Company's aggregate TSR equals 24.23%, and 100% of this portion of the award will be earned if the Company's aggregate TSR equals or exceeds 29.5%. With respect to the other 66.70% of the performance shares, 20% of this portion of the award will be earned if the Company's TSR is in the 30th percentile of its peer group over the 3-year measurement period, 60% of this portion of the award will be earned if the Company's TSR is in the 55th percentile of its peer group during this period, and 100% of this portion of the award will be earned if the Company's TSR is in the 80th percentile of its peer group or greater during this period. The performance shares will convert on a pro-rata basis by linear interpolation between share price appreciation thresholds.

F2 · derivative.exercise_price: Represents a grant of performance shares which may convert into an equivalent number of restricted common shares of the Company based on the Company's share price appreciation inclusive of all dividends (TSR), and its TSR relative to a selected group, over the three-year measurement period from February 16, 2018 through February 15, 2021.

F3 · derivative.exercise_price: With respect to 33.30% of the performance shares, 20% of this portion of the award will be earned if the Company's aggregate TSR equals 19.1% over the 3-year measurement period, 60% of this portion of the award will be earned if the Company's aggregate TSR equals 24.23%, and 100% of this portion of the award will be earned if the Company's aggregate TSR equals or exceeds 29.5%. With respect to the other 66.70% of the performance shares, 20% of this portion of the award will be earned if the Company's TSR is in the 30th percentile of its peer group over the 3-year measurement period, 60% of this portion of the award will be earned if the Company's TSR is in the 55th percentile of its peer group during this period, and 100% of this portion of the award will be earned if the Company's TSR is in the 80th percentile of its peer group or greater during this period. The performance shares will convert on a pro-rata basis by linear interpolation between share price appreciation thresholds.

F4 · derivative.exercise_date: Any restricted common shares earned on February 15, 2021 are subject to a time based vesting schedule. 50% of the shares will vest on February 17, 2021 and the remaining 50% will vest on February 17, 2022, contingent upon continued employment with the Company through the vesting dates.

F2 · derivative.expiration_date: Represents a grant of performance shares which may convert into an equivalent number of restricted common shares of the Company based on the Company's share price appreciation inclusive of all dividends (TSR), and its TSR relative to a selected group, over the three-year measurement period from February 16, 2018 through February 15, 2021.

F4 · derivative.expiration_date: Any restricted common shares earned on February 15, 2021 are subject to a time based vesting schedule. 50% of the shares will vest on February 17, 2021 and the remaining 50% will vest on February 17, 2022, contingent upon continued employment with the Company through the vesting dates.

SEC source: 0000899715-18-000060 · wf-form4_151916428364337.xml · nonDerivative · entry 1

TANGER STEVEN B · CIK 0001216940 · Director · CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,106,983

F1 · shares: Represents a grant of restricted common shares under the Company's Amended and Restated Incentive Award Plan. The restricted common shares vest and the restrictions cease to apply on one-third of the award on each February 15th over a three year period beginning February 15, 2019.

SEC source: 0000899715-18-000059 · wf-form4_151916426585269.xml · derivative · entry 3

SUMMERELL VIRGINIA R · CIK 0001218084 · Senior VP, Treasurer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 9,764

Underlying: Common Stock · 9,764 shares

Expires not disclosed

F2 · security: Represents a grant of performance shares which may convert into an equivalent number of restricted common shares of the Company based on the Company's share price appreciation inclusive of all dividends (TSR), and its TSR relative to a selected group, over the three-year measurement period from February 16, 2018 through February 15, 2021.

F3 · security: With respect to 33.30% of the performance shares, 20% of this portion of the award will be earned if the Company's aggregate TSR equals 19.1% over the 3-year measurement period, 60% of this portion of the award will be earned if the Company's aggregate TSR equals 24.23%, and 100% of this portion of the award will be earned if the Company's aggregate TSR equals or exceeds 29.5%. With respect to the other 66.70% of the performance shares, 20% of this portion of the award will be earned if the Company's TSR is in the 30th percentile of its peer group over the 3-year measurement period, 60% of this portion of the award will be earned if the Company's TSR is in the 55th percentile of its peer group during this period, and 100% of this portion of the award will be earned if the Company's TSR is in the 80th percentile of its peer group or greater during this period. The performance shares will convert on a pro-rata basis by linear interpolation between share price appreciation thresholds.

F2 · derivative.exercise_price: Represents a grant of performance shares which may convert into an equivalent number of restricted common shares of the Company based on the Company's share price appreciation inclusive of all dividends (TSR), and its TSR relative to a selected group, over the three-year measurement period from February 16, 2018 through February 15, 2021.

F3 · derivative.exercise_price: With respect to 33.30% of the performance shares, 20% of this portion of the award will be earned if the Company's aggregate TSR equals 19.1% over the 3-year measurement period, 60% of this portion of the award will be earned if the Company's aggregate TSR equals 24.23%, and 100% of this portion of the award will be earned if the Company's aggregate TSR equals or exceeds 29.5%. With respect to the other 66.70% of the performance shares, 20% of this portion of the award will be earned if the Company's TSR is in the 30th percentile of its peer group over the 3-year measurement period, 60% of this portion of the award will be earned if the Company's TSR is in the 55th percentile of its peer group during this period, and 100% of this portion of the award will be earned if the Company's TSR is in the 80th percentile of its peer group or greater during this period. The performance shares will convert on a pro-rata basis by linear interpolation between share price appreciation thresholds.

F4 · derivative.exercise_date: Any restricted common shares earned on February 15, 2021 are subject to a time based vesting schedule. 50% of the shares will vest on February 17, 2021 and the remaining 50% will vest on February 17, 2022, contingent upon continued employment with the Company through the vesting dates.

F2 · derivative.expiration_date: Represents a grant of performance shares which may convert into an equivalent number of restricted common shares of the Company based on the Company's share price appreciation inclusive of all dividends (TSR), and its TSR relative to a selected group, over the three-year measurement period from February 16, 2018 through February 15, 2021.

F4 · derivative.expiration_date: Any restricted common shares earned on February 15, 2021 are subject to a time based vesting schedule. 50% of the shares will vest on February 17, 2021 and the remaining 50% will vest on February 17, 2022, contingent upon continued employment with the Company through the vesting dates.

SEC source: 0000899715-18-000059 · wf-form4_151916426585269.xml · nonDerivative · entry 2

SUMMERELL VIRGINIA R · CIK 0001218084 · Senior VP, Treasurer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 37,825

F1 · shares: Represents a grant of restricted common shares under the Company's Amended and Restated Incentive Award Plan. The restricted common shares vest and the restrictions cease to apply on twenty percent of the award on each February 15th over a five year period beginning February 15, 2019.

SEC source: 0000899715-18-000058 · wf-form4_151916424734942.xml · nonDerivative · entry 1

SCHUMAN ALLAN L · CIK 0001159193 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 51,473

F1 · shares: Represents a grant of restricted common shares under the Company's Amended and Restated Incentive Award Plan. The restricted common shares vest evenly over a three year period on December 31st of each year.

SEC source: 0000899715-18-000057 · wf-form4_151916422562500.xml · nonDerivative · entry 1

Berman Bridget Ryan · CIK 0001366740 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 51,403

F1 · shares: Represents a grant of restricted common shares under the Company's Amended and Restated Incentive Award Plan. The restricted common shares vest evenly over a three year period on December 31st of each year.

SEC source: 0000899715-18-000056 · wf-form4_151916417201079.xml · nonDerivative · entry 1

ROBINSON THOMAS E · CIK 0001227889 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 53,892

F1 · shares: Represents a grant of restricted common shares under the Company's Amended and Restated Incentive Award Plan. The restricted common shares vest evenly over a three year period on December 31st of each year.

SEC source: 0000899715-18-000055 · wf-form4_151916409381933.xml · nonDerivative · entry 1

REDDIN THOMAS · CIK 0001107092 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 43,451

F1 · shares: Represents a grant of restricted common shares under the Company's Amended and Restated Incentive Award Plan. The restricted common shares vest evenly over a three year period on December 31st of each year.

SEC source: 0000899715-18-000054 · wf-form4_151916407575369.xml · derivative · entry 3

Perry Chad · CIK 0001537306 · EVP,General Counsel,Secretary

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 34,782

Underlying: Common Stock · 34,782 shares

Expires not disclosed

F2 · security: Represents a grant of performance shares which may convert into an equivalent number of restricted common shares of the Company based on the Company's share price appreciation inclusive of all dividends (TSR), and its TSR relative to a selected group, over the three-year measurement period from February 16, 2018 through February 15, 2021.

F3 · security: With respect to 33.30% of the performance shares, 20% of this portion of the award will be earned if the Company's aggregate TSR equals 19.1% over the 3-year measurement period, 60% of this portion of the award will be earned if the Company's aggregate TSR equals 24.23%, and 100% of this portion of the award will be earned if the Company's aggregate TSR equals or exceeds 29.5%. With respect to the other 66.70% of the performance shares, 20% of this portion of the award will be earned if the Company's TSR is in the 30th percentile of its peer group over the 3-year measurement period, 60% of this portion of the award will be earned if the Company's TSR is in the 55th percentile of its peer group during this period, and 100% of this portion of the award will be earned if the Company's TSR is in the 80th percentile of its peer group or greater during this period. The performance shares will convert on a pro-rata basis by linear interpolation between share price appreciation thresholds.

F2 · derivative.exercise_price: Represents a grant of performance shares which may convert into an equivalent number of restricted common shares of the Company based on the Company's share price appreciation inclusive of all dividends (TSR), and its TSR relative to a selected group, over the three-year measurement period from February 16, 2018 through February 15, 2021.

F3 · derivative.exercise_price: With respect to 33.30% of the performance shares, 20% of this portion of the award will be earned if the Company's aggregate TSR equals 19.1% over the 3-year measurement period, 60% of this portion of the award will be earned if the Company's aggregate TSR equals 24.23%, and 100% of this portion of the award will be earned if the Company's aggregate TSR equals or exceeds 29.5%. With respect to the other 66.70% of the performance shares, 20% of this portion of the award will be earned if the Company's TSR is in the 30th percentile of its peer group over the 3-year measurement period, 60% of this portion of the award will be earned if the Company's TSR is in the 55th percentile of its peer group during this period, and 100% of this portion of the award will be earned if the Company's TSR is in the 80th percentile of its peer group or greater during this period. The performance shares will convert on a pro-rata basis by linear interpolation between share price appreciation thresholds.

F4 · derivative.exercise_date: Any restricted common shares earned on February 15, 2021 are subject to a time based vesting schedule. 50% of the shares will vest on February 17, 2021 and the remaining 50% will vest on February 17, 2022, contingent upon continued employment with the Company through the vesting dates.

F2 · derivative.expiration_date: Represents a grant of performance shares which may convert into an equivalent number of restricted common shares of the Company based on the Company's share price appreciation inclusive of all dividends (TSR), and its TSR relative to a selected group, over the three-year measurement period from February 16, 2018 through February 15, 2021.

F4 · derivative.expiration_date: Any restricted common shares earned on February 15, 2021 are subject to a time based vesting schedule. 50% of the shares will vest on February 17, 2021 and the remaining 50% will vest on February 17, 2022, contingent upon continued employment with the Company through the vesting dates.

SEC source: 0000899715-18-000054 · wf-form4_151916407575369.xml · nonDerivative · entry 2

Perry Chad · CIK 0001537306 · EVP,General Counsel,Secretary

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 94,607

F1 · shares: Represents a grant of restricted common shares under the Company's Amended and Restated Incentive Award Plan. The restricted common shares vest and the restrictions cease to apply on one-third of the award on each February 15th over a three year period beginning February 15, 2019.

SEC source: 0000899715-18-000053 · wf-form4_151916405728634.xml · derivative · entry 3

MORRISON LISA J · CIK 0001218076 · Senior VP Leasing

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 9,764

Underlying: Common Stock · 9,764 shares

Expires not disclosed

F2 · security: Represents a grant of performance shares which may convert into an equivalent number of restricted common shares of the Company based on the Company's share price appreciation inclusive of all dividends (TSR), and its TSR relative to a selected group, over the three-year measurement period from February 16, 2018 through February 15, 2021.

F3 · security: With respect to 33.30% of the performance shares, 20% of this portion of the award will be earned if the Company's aggregate TSR equals 19.1% over the 3-year measurement period, 60% of this portion of the award will be earned if the Company's aggregate TSR equals 24.23%, and 100% of this portion of the award will be earned if the Company's aggregate TSR equals or exceeds 29.5%. With respect to the other 66.70% of the performance shares, 20% of this portion of the award will be earned if the Company's TSR is in the 30th percentile of its peer group over the 3-year measurement period, 60% of this portion of the award will be earned if the Company's TSR is in the 55th percentile of its peer group during this period, and 100% of this portion of the award will be earned if the Company's TSR is in the 80th percentile of its peer group or greater during this period. The performance shares will convert on a pro-rata basis by linear interpolation between share price appreciation thresholds.

F2 · derivative.exercise_price: Represents a grant of performance shares which may convert into an equivalent number of restricted common shares of the Company based on the Company's share price appreciation inclusive of all dividends (TSR), and its TSR relative to a selected group, over the three-year measurement period from February 16, 2018 through February 15, 2021.

F3 · derivative.exercise_price: With respect to 33.30% of the performance shares, 20% of this portion of the award will be earned if the Company's aggregate TSR equals 19.1% over the 3-year measurement period, 60% of this portion of the award will be earned if the Company's aggregate TSR equals 24.23%, and 100% of this portion of the award will be earned if the Company's aggregate TSR equals or exceeds 29.5%. With respect to the other 66.70% of the performance shares, 20% of this portion of the award will be earned if the Company's TSR is in the 30th percentile of its peer group over the 3-year measurement period, 60% of this portion of the award will be earned if the Company's TSR is in the 55th percentile of its peer group during this period, and 100% of this portion of the award will be earned if the Company's TSR is in the 80th percentile of its peer group or greater during this period. The performance shares will convert on a pro-rata basis by linear interpolation between share price appreciation thresholds.

F4 · derivative.exercise_date: Any restricted common shares earned on February 15, 2021 are subject to a time based vesting schedule. 50% of the shares will vest on February 17, 2021 and the remaining 50% will vest on February 17, 2022, contingent upon continued employment with the Company through the vesting dates.

F2 · derivative.expiration_date: Represents a grant of performance shares which may convert into an equivalent number of restricted common shares of the Company based on the Company's share price appreciation inclusive of all dividends (TSR), and its TSR relative to a selected group, over the three-year measurement period from February 16, 2018 through February 15, 2021.

F4 · derivative.expiration_date: Any restricted common shares earned on February 15, 2021 are subject to a time based vesting schedule. 50% of the shares will vest on February 17, 2021 and the remaining 50% will vest on February 17, 2022, contingent upon continued employment with the Company through the vesting dates.

SEC source: 0000899715-18-000053 · wf-form4_151916405728634.xml · nonDerivative · entry 2

MORRISON LISA J · CIK 0001218076 · Senior VP Leasing

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 51,006

F1 · shares: Represents a grant of restricted common shares under the Company's Amended and Restated Incentive Award Plan. The restricted common shares vest and the restrictions cease to apply on twenty percent of the award on each February 15th over a five year period beginning February 15, 2019.

SEC source: 0000899715-18-000052 · wf-form4_151916395548840.xml · derivative · entry 4

McDonough Thomas E. · CIK 0001408616 · President & COO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 76,897

Underlying: Common Stock · 76,897 shares

Expires not disclosed

F3 · security: Represents a grant of performance shares which may convert into an equivalent number of restricted common shares of the Company based on the Company's share price appreciation inclusive of all dividends (TSR), and its TSR relative to a selected group, over the three-year measurement period from February 16, 2018 through February 15, 2021.

F4 · security: With respect to 33.30% of the performance shares, 20% of this portion of the award will be earned if the Company's aggregate TSR equals 19.1% over the 3-year measurement period, 60% of this portion of the award will be earned if the Company's aggregate TSR equals 24.23%, and 100% of this portion of the award will be earned if the Company's aggregate TSR equals or exceeds 29.5%. With respect to the other 66.70% of the performance shares, 20% of this portion of the award will be earned if the Company's TSR is in the 30th percentile of its peer group over the 3-year measurement period, 60% of this portion of the award will be earned if the Company's TSR is in the 55th percentile of its peer group during this period, and 100% of this portion of the award will be earned if the Company's TSR is in the 80th percentile of its peer group or greater during this period. The performance shares will convert on a pro-rata basis by linear interpolation between share price appreciation thresholds.

F3 · derivative.exercise_price: Represents a grant of performance shares which may convert into an equivalent number of restricted common shares of the Company based on the Company's share price appreciation inclusive of all dividends (TSR), and its TSR relative to a selected group, over the three-year measurement period from February 16, 2018 through February 15, 2021.

F4 · derivative.exercise_price: With respect to 33.30% of the performance shares, 20% of this portion of the award will be earned if the Company's aggregate TSR equals 19.1% over the 3-year measurement period, 60% of this portion of the award will be earned if the Company's aggregate TSR equals 24.23%, and 100% of this portion of the award will be earned if the Company's aggregate TSR equals or exceeds 29.5%. With respect to the other 66.70% of the performance shares, 20% of this portion of the award will be earned if the Company's TSR is in the 30th percentile of its peer group over the 3-year measurement period, 60% of this portion of the award will be earned if the Company's TSR is in the 55th percentile of its peer group during this period, and 100% of this portion of the award will be earned if the Company's TSR is in the 80th percentile of its peer group or greater during this period. The performance shares will convert on a pro-rata basis by linear interpolation between share price appreciation thresholds.

F5 · derivative.exercise_date: Any restricted common shares earned on February 15, 2021 are subject to a time based vesting schedule. 50% of the shares will vest on February 17, 2021 and the remaining 50% will vest on February 17, 2022, contingent upon continued employment with the Company through the vesting dates.

F3 · derivative.expiration_date: Represents a grant of performance shares which may convert into an equivalent number of restricted common shares of the Company based on the Company's share price appreciation inclusive of all dividends (TSR), and its TSR relative to a selected group, over the three-year measurement period from February 16, 2018 through February 15, 2021.

F5 · derivative.expiration_date: Any restricted common shares earned on February 15, 2021 are subject to a time based vesting schedule. 50% of the shares will vest on February 17, 2021 and the remaining 50% will vest on February 17, 2022, contingent upon continued employment with the Company through the vesting dates.

SEC source: 0000899715-18-000052 · wf-form4_151916395548840.xml · nonDerivative · entry 2

McDonough Thomas E. · CIK 0001408616 · President & COO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 217,665

F1 · shares: Represents a grant of restricted common shares under the Company's Amended and Restated Incentive Award Plan. The restricted common shares vest and the restrictions cease to apply on one-third of the award on each February 15th over a three year period beginning February 15, 2019.

SEC source: 0000899715-18-000051 · wf-form4_151916393704706.xml · nonDerivative · entry 1

HENRY DAVID · CIK 0001250823 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 16,807

F1 · shares: Represents a grant of restricted common shares under the Company's Amended and Restated Incentive Award Plan. The restricted common shares vest evenly over a three year period on December 31st of each year.

SEC source: 0000899715-18-000050 · wf-form4_151916391795860.xml · derivative · entry 3

Guerrieri Thomas Joseph JR · CIK 0001705861 · VP, CAO and Controller

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 5,560

Underlying: Common Stock · 5,560 shares

Expires not disclosed

F2 · security: Represents a grant of performance shares which may convert into an equivalent number of restricted common shares of the Company based on the Company's share price appreciation inclusive of all dividends (TSR), and its TSR relative to a selected group, over the three-year measurement period from February 16, 2018 through February 15, 2021.

F3 · security: With respect to 33.30% of the performance shares, 20% of this portion of the award will be earned if the Company's aggregate TSR equals 19.1% over the 3-year measurement period, 60% of this portion of the award will be earned if the Company's aggregate TSR equals 24.23%, and 100% of this portion of the award will be earned if the Company's aggregate TSR equals or exceeds 29.5%. With respect to the other 66.70% of the performance shares, 20% of this portion of the award will be earned if the Company's TSR is in the 30th percentile of its peer group over the 3-year measurement period, 60% of this portion of the award will be earned if the Company's TSR is in the 55th percentile of its peer group during this period, and 100% of this portion of the award will be earned if the Company's TSR is in the 80th percentile of its peer group or greater during this period. The performance shares will convert on a pro-rata basis by linear interpolation between share price appreciation thresholds.

F2 · derivative.exercise_price: Represents a grant of performance shares which may convert into an equivalent number of restricted common shares of the Company based on the Company's share price appreciation inclusive of all dividends (TSR), and its TSR relative to a selected group, over the three-year measurement period from February 16, 2018 through February 15, 2021.

F3 · derivative.exercise_price: With respect to 33.30% of the performance shares, 20% of this portion of the award will be earned if the Company's aggregate TSR equals 19.1% over the 3-year measurement period, 60% of this portion of the award will be earned if the Company's aggregate TSR equals 24.23%, and 100% of this portion of the award will be earned if the Company's aggregate TSR equals or exceeds 29.5%. With respect to the other 66.70% of the performance shares, 20% of this portion of the award will be earned if the Company's TSR is in the 30th percentile of its peer group over the 3-year measurement period, 60% of this portion of the award will be earned if the Company's TSR is in the 55th percentile of its peer group during this period, and 100% of this portion of the award will be earned if the Company's TSR is in the 80th percentile of its peer group or greater during this period. The performance shares will convert on a pro-rata basis by linear interpolation between share price appreciation thresholds.

F4 · derivative.exercise_date: Any restricted common shares earned on February 15, 2021 are subject to a time based vesting schedule. 50% of the shares will vest on February 17, 2021 and the remaining 50% will vest on February 17, 2022, contingent upon continued employment with the Company through the vesting dates.

F2 · derivative.expiration_date: Represents a grant of performance shares which may convert into an equivalent number of restricted common shares of the Company based on the Company's share price appreciation inclusive of all dividends (TSR), and its TSR relative to a selected group, over the three-year measurement period from February 16, 2018 through February 15, 2021.

F4 · derivative.expiration_date: Any restricted common shares earned on February 15, 2021 are subject to a time based vesting schedule. 50% of the shares will vest on February 17, 2021 and the remaining 50% will vest on February 17, 2022, contingent upon continued employment with the Company through the vesting dates.

SEC source: 0000899715-18-000050 · wf-form4_151916391795860.xml · nonDerivative · entry 2

Guerrieri Thomas Joseph JR · CIK 0001705861 · VP, CAO and Controller

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 30,195

F1 · shares: Represents a grant of restricted common shares under the Company's Amended and Restated Incentive Award Plan. The restricted common shares vest and the restrictions cease to apply on twenty percent of the award on each February 15th over a five year period beginning February 15, 2019.

SEC source: 0000899715-18-000049 · wf-form4_151916389970031.xml · nonDerivative · entry 2

CITRIN JEFFREY B · CIK 0001019975 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 33,128.61

F2 · shares: Represents deferred share units issued pursuant to the Director Deferred Share Program of Tanger Factory Outlet Centers, Inc. and Tanger Properties Limited Partnership. Each deferred share unit is equivalent to one common share. The deferred share units vest evenly over a three year period on December 31st of each year and become payable in common shares on January 15, 2024.

SEC source: 0000899715-18-000048 · wf-form4_151916388269981.xml · nonDerivative · entry 1

BENTON WILLIAM G · CIK 0001079589 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 85,967.67

F1 · shares: Represents a grant of restricted common shares under the Company's Amended and Restated Incentive Award Plan. The restricted common shares vest evenly over a three year period on December 31st of each year.