SKT

SEC source: 0000899715-19-000084 · wf-form4_155786511452568.xml · nonDerivative · entry 1

SUMMERELL VIRGINIA R · CIK 0001218084 · Senior VP, Treasurer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 28,311

F1 · price: Represents the weighted average sales price of multiple transactions ranging from $18.053 to $18.093.

SEC source: 0000899715-19-000090 · wf-form4_155804133949405.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 92,096

SEC source: 0000899715-19-000073 · wf-form4_155147637541841.xml · nonDerivative · entry 1

SUMMERELL VIRGINIA R · CIK 0001218084 · Senior VP, Treasurer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 36,311

SEC source: 0000899715-19-000076 · wf-form4_155147647071833.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 38,236

SEC source: 0000899715-19-000075 · wf-form4_155147643919504.xml · nonDerivative · entry 1

Williams James Floyd · CIK 0001288851 · Executive VP & CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 84,407

SEC source: 0000899715-19-000074 · wf-form4_155147640660946.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 57,501

SEC source: 0000899715-19-000072 · wf-form4_155147634297585.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 93,486

SEC source: 0000899715-19-000071 · wf-form4_155147631051567.xml · nonDerivative · entry 1

MORRISON LISA J · CIK 0001218076 · Executive VP Leasing

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 44,950

SEC source: 0000899715-19-000070 · wf-form4_155147627808277.xml · nonDerivative · entry 1

McDonough Thomas E. · CIK 0001408616 · President & COO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 210,241

SEC source: 0000899715-19-000069 · wf-form4_155147624575124.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 31,778

SEC source: 0000899715-19-000039 · wf-form4_155061529000712.xml · nonDerivative · entry 1

BENTON WILLIAM G · CIK 0001079589 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 93,885.66

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 January 4th over a three year period beginning January 4, 2020.

SEC source: 0000899715-19-000051 · wf-form4_155061571641005.xml · derivative · entry 3

SUMMERELL VIRGINIA R · CIK 0001218084 · Senior VP, Treasurer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 13,446

Underlying: Common Stock · 13,446 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 18, 2019 through February 17, 2022.

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 18, 2019 through February 17, 2022.

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 17, 2022 are subject to a time based vesting schedule. 50% of the shares will vest on February 22, 2022 and the remaining 50% will vest on February 15, 2023, 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 18, 2019 through February 17, 2022.

F4 · derivative.expiration_date: Any restricted common shares earned on February 17, 2022 are subject to a time based vesting schedule. 50% of the shares will vest on February 22, 2022 and the remaining 50% will vest on February 15, 2023, contingent upon continued employment with the Company through the vesting dates.

SEC source: 0000899715-19-000051 · wf-form4_155061571641005.xml · nonDerivative · entry 2

SUMMERELL VIRGINIA R · CIK 0001218084 · Senior VP, Treasurer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 36,926

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, 2020.

SEC source: 0000899715-19-000055 · wf-form4_155061585741480.xml · derivative · entry 3

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 13,446

Underlying: Common Stock · 13,446 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 18, 2019 through February 17, 2022.

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 18, 2019 through February 17, 2022.

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 17, 2022 are subject to a time based vesting schedule. 50% of the shares will vest on February 22, 2022 and the remaining 50% will vest on February 15, 2023, 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 18, 2019 through February 17, 2022.

F4 · derivative.expiration_date: Any restricted common shares earned on February 17, 2022 are subject to a time based vesting schedule. 50% of the shares will vest on February 22, 2022 and the remaining 50% will vest on February 15, 2023, contingent upon continued employment with the Company through the vesting dates.

SEC source: 0000899715-19-000055 · wf-form4_155061585741480.xml · nonDerivative · entry 2

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 38,636

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, 2020.

SEC source: 0000899715-19-000054 · wf-form4_155061582300715.xml · derivative · entry 3

Williams James Floyd · CIK 0001288851 · Executive VP & CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 35,981

Underlying: Common Stock · 35,981 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 18, 2019 through February 17, 2022.

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 18, 2019 through February 17, 2022.

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 17, 2022 are subject to a time based vesting schedule. 50% of the shares will vest on February 22, 2022 and the remaining 50% will vest on February 15, 2023, 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 18, 2019 through February 17, 2022.

F4 · derivative.expiration_date: Any restricted common shares earned on February 17, 2022 are subject to a time based vesting schedule. 50% of the shares will vest on February 22, 2022 and the remaining 50% will vest on February 15, 2023, contingent upon continued employment with the Company through the vesting dates.

SEC source: 0000899715-19-000054 · wf-form4_155061582300715.xml · nonDerivative · entry 2

Williams James Floyd · CIK 0001288851 · Executive VP & CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 85,056

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, 2020.

SEC source: 0000899715-19-000053 · wf-form4_155061578752978.xml · derivative · entry 3

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 13,446

Underlying: Common Stock · 13,446 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 18, 2019 through February 17, 2022.

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 18, 2019 through February 17, 2022.

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 17, 2022 are subject to a time based vesting schedule. 50% of the shares will vest on February 22, 2022 and the remaining 50% will vest on February 15, 2023, 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 18, 2019 through February 17, 2022.

F4 · derivative.expiration_date: Any restricted common shares earned on February 17, 2022 are subject to a time based vesting schedule. 50% of the shares will vest on February 22, 2022 and the remaining 50% will vest on February 15, 2023, contingent upon continued employment with the Company through the vesting dates.

SEC source: 0000899715-19-000053 · wf-form4_155061578752978.xml · nonDerivative · entry 2

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 58,163

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, 2020.

SEC source: 0000899715-19-000052 · wf-form4_155061575251845.xml · derivative · entry 3

TANGER STEVEN B · CIK 0001216940 · Director · CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 181,385

Underlying: Common Stock · 181,385 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 18, 2019 through February 17, 2022.

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 18, 2019 through February 17, 2022.

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 17, 2022 are subject to a time based vesting schedule. 50% of the shares will vest on February 22, 2022 and the remaining 50% will vest on February 15, 2023, 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 18, 2019 through February 17, 2022.

F4 · derivative.expiration_date: Any restricted common shares earned on February 17, 2022 are subject to a time based vesting schedule. 50% of the shares will vest on February 22, 2022 and the remaining 50% will vest on February 15, 2023, contingent upon continued employment with the Company through the vesting dates.

SEC source: 0000899715-19-000052 · wf-form4_155061575251845.xml · nonDerivative · entry 1

TANGER STEVEN B · CIK 0001216940 · Director · CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,178,888

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, 2020.

SEC source: 0000899715-19-000050 · wf-form4_155061568336037.xml · nonDerivative · entry 1

SKERRITT SUSAN E · CIK 0001748654 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 7,593

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 vest and the restrictions cease to apply on one third of the award on each January 4th over a three year period, beginning on January 4, 2020, and become payable in common shares on March 31, 2027.

SEC source: 0000899715-19-000049 · wf-form4_155061564818816.xml · nonDerivative · entry 1

SCHUMAN ALLAN L · CIK 0001159193 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 59,066

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 January 4th over a three year period beginning January 4, 2020.

SEC source: 0000899715-19-000048 · wf-form4_155061561106908.xml · nonDerivative · entry 1

Berman Bridget Ryan · CIK 0001366740 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 58,996

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 January 4th over a three year period beginning January 4, 2020.

SEC source: 0000899715-19-000047 · wf-form4_155061557404011.xml · nonDerivative · entry 1

ROBINSON THOMAS E · CIK 0001227889 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 61,485

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 January 4th over a three year period beginning January 4, 2020.

SEC source: 0000899715-19-000046 · wf-form4_155061554182598.xml · nonDerivative · entry 1

REDDIN THOMAS · CIK 0001107092 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 35,424

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 January 4th over a three year period beginning January 4, 2020.

SEC source: 0000899715-19-000045 · wf-form4_155061550859730.xml · derivative · entry 3

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 50,281

Underlying: Common Stock · 50,281 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 18, 2019 through February 17, 2022.

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 18, 2019 through February 17, 2022.

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 17, 2022 are subject to a time based vesting schedule. 50% of the shares will vest on February 22, 2022 and the remaining 50% will vest on February 15, 2023, 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 18, 2019 through February 17, 2022.

F4 · derivative.expiration_date: Any restricted common shares earned on February 17, 2022 are subject to a time based vesting schedule. 50% of the shares will vest on February 22, 2022 and the remaining 50% will vest on February 15, 2023, contingent upon continued employment with the Company through the vesting dates.

SEC source: 0000899715-19-000045 · wf-form4_155061550859730.xml · nonDerivative · entry 2

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 95,269

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, 2020.

SEC source: 0000899715-19-000044 · wf-form4_155061547263588.xml · derivative · entry 3

MORRISON LISA J · CIK 0001218076 · Executive VP Leasing

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 20,409

Underlying: Common Stock · 20,409 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 18, 2019 through February 17, 2022.

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 18, 2019 through February 17, 2022.

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 17, 2022 are subject to a time based vesting schedule. 50% of the shares will vest on February 22, 2022 and the remaining 50% will vest on February 15, 2023, 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 18, 2019 through February 17, 2022.

F4 · derivative.expiration_date: Any restricted common shares earned on February 17, 2022 are subject to a time based vesting schedule. 50% of the shares will vest on February 22, 2022 and the remaining 50% will vest on February 15, 2023, contingent upon continued employment with the Company through the vesting dates.

SEC source: 0000899715-19-000044 · wf-form4_155061547263588.xml · nonDerivative · entry 2

MORRISON LISA J · CIK 0001218076 · Executive VP Leasing

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 45,612

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, 2020.

SEC source: 0000899715-19-000043 · wf-form4_155061543507366.xml · derivative · entry 3

McDonough Thomas E. · CIK 0001408616 · President & COO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 111,161

Underlying: Common Stock · 111,161 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 18, 2019 through February 17, 2022.

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 18, 2019 through February 17, 2022.

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 17, 2022 are subject to a time based vesting schedule. 50% of the shares will vest on February 22, 2022 and the remaining 50% will vest on February 15, 2023, 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 18, 2019 through February 17, 2022.

F4 · derivative.expiration_date: Any restricted common shares earned on February 17, 2022 are subject to a time based vesting schedule. 50% of the shares will vest on February 22, 2022 and the remaining 50% will vest on February 15, 2023, contingent upon continued employment with the Company through the vesting dates.

SEC source: 0000899715-19-000043 · wf-form4_155061543507366.xml · nonDerivative · entry 2

McDonough Thomas E. · CIK 0001408616 · President & COO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 214,876

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, 2020.

SEC source: 0000899715-19-000042 · wf-form4_155061539789251.xml · nonDerivative · entry 1

HENRY DAVID · CIK 0001250823 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 24,400

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 January 4th over a three year period beginning January 4, 2020.

SEC source: 0000899715-19-000041 · wf-form4_155061536074535.xml · derivative · entry 3

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 8,525

Underlying: Common Stock · 8,525 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 18, 2019 through February 17, 2022.

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 18, 2019 through February 17, 2022.

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 17, 2022 are subject to a time based vesting schedule. 50% of the shares will vest on February 22, 2022 and the remaining 50% will vest on February 15, 2023, 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 18, 2019 through February 17, 2022.

F5 · derivative.expiration_date: Any restricted common shares earned on February 17, 2022 are subject to a time based vesting schedule. 50% of the shares will vest on February 22, 2022 and the remaining 50% will vest on February 15, 2023, contingent upon continued employment with the Company through the vesting dates.

SEC source: 0000899715-19-000041 · wf-form4_155061536074535.xml · nonDerivative · entry 2

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 32,211

F2 · 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, 2020.

SEC source: 0000899715-19-000040 · wf-form4_155061532496068.xml · nonDerivative · entry 2

CITRIN JEFFREY B · CIK 0001019975 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 46,747.68

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 and the restrictions cease to apply on one third of the award on each January 4th over a three year period, beginning on January 4, 2020, and become payable in common shares on January 15, 2024.

SEC source: 0000899715-19-000051 · wf-form4_155061571641005.xml · nonDerivative · entry 1

SUMMERELL VIRGINIA R · CIK 0001218084 · Senior VP, Treasurer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 27,783

SEC source: 0000899715-19-000055 · wf-form4_155061585741480.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 29,493

SEC source: 0000899715-19-000054 · wf-form4_155061582300715.xml · nonDerivative · entry 1

Williams James Floyd · CIK 0001288851 · Executive VP & CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 71,710

SEC source: 0000899715-19-000053 · wf-form4_155061578752978.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 49,020

SEC source: 0000899715-19-000045 · wf-form4_155061550859730.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 76,619

SEC source: 0000899715-19-000044 · wf-form4_155061547263588.xml · nonDerivative · entry 1

MORRISON LISA J · CIK 0001218076 · Executive VP Leasing

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 38,042

SEC source: 0000899715-19-000043 · wf-form4_155061543507366.xml · nonDerivative · entry 1

McDonough Thomas E. · CIK 0001408616 · President & COO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 173,644

SEC source: 0000899715-19-000041 · wf-form4_155061536074535.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 26,414

F1 · balance_after: On March 2, 2018, the reporting person transferred 332 shares of common stock to his former spouse pursuant to a domestic relations order. The reporting person no longer reports as beneficially owned any securities owned by his former spouse.

SEC source: 0000899715-19-000040 · wf-form4_155061532496068.xml · nonDerivative · entry 1

CITRIN JEFFREY B · CIK 0001019975 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 39,154.68

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: 0000899715-19-000002 · wf-form5_154845204154389.xml · derivative · entry 5

TANGER STEVEN B · CIK 0001216940 · Director · CEO

10b5-1 filing: Not disclosed

Ownership: Indirect · By Tango 7 LLC

Disclosed balance after: 2,766,319

Underlying: Common Stock · 427 shares

Expires not disclosed

F2 · security: Each limited partnership unit is immediately exchangeable into one common share of Tanger Factory Outlet Centers, Inc.

F2 · derivative.exercise_date: Each limited partnership unit is immediately exchangeable into one common share of Tanger Factory Outlet Centers, Inc.

F3 · derivative.expiration_date: The limited partnership units have no expiration date.

SEC source: 0000899715-19-000002 · wf-form5_154845204154389.xml · derivative · entry 4

TANGER STEVEN B · CIK 0001216940 · Director · CEO

10b5-1 filing: Not disclosed

Ownership: Indirect · By Tango 7 LLC

Disclosed balance after: 2,766,746

Underlying: Common Stock · 262 shares

Expires not disclosed

F2 · security: Each limited partnership unit is immediately exchangeable into one common share of Tanger Factory Outlet Centers, Inc.

F2 · derivative.exercise_date: Each limited partnership unit is immediately exchangeable into one common share of Tanger Factory Outlet Centers, Inc.

F3 · derivative.expiration_date: The limited partnership units have no expiration date.

SEC source: 0000899715-19-000002 · wf-form5_154845204154389.xml · derivative · entry 3

TANGER STEVEN B · CIK 0001216940 · Director · CEO

10b5-1 filing: Not disclosed

Ownership: Indirect · By Tango 7 LLC

Disclosed balance after: 2,767,008

Underlying: Common Stock · 34,060 shares

Expires not disclosed

F2 · security: Each limited partnership unit is immediately exchangeable into one common share of Tanger Factory Outlet Centers, Inc.

F2 · derivative.exercise_date: Each limited partnership unit is immediately exchangeable into one common share of Tanger Factory Outlet Centers, Inc.

F3 · derivative.expiration_date: The limited partnership units have no expiration date.

SEC source: 0000899715-18-000159 · wf-form4_154361696394463.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 51,905

F1 · price: Represents the weighted average share price of multiple transactions ranging from $23.30 to $23.35.

SEC source: 0000899715-19-000002 · wf-form5_154845204154389.xml · nonDerivative · entry 2

TANGER STEVEN B · CIK 0001216940 · Director · CEO

10b5-1 filing: Not disclosed

Ownership: Indirect · By wife

Disclosed balance after: 5,000

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.