Statement of Changes in Beneficial Ownership (4)
13 Dezember 2017 - 11:34PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue.
See
Instruction 1(b).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0287
Estimated average burden
hours per response...
0.5
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
TAUBMAN ROBERT S
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2. Issuer Name
and
Ticker or Trading Symbol
TAUBMAN CENTERS INC
[
TCO
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__
X
__ Director
_____ 10% Owner
__
X
__ Officer (give title below)
_____ Other (specify below)
President, CEO, AND Chair BOD
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(Last)
(First)
(Middle)
TAUBMAN CENTERS, INC., 200 E. LONG LAKE ROAD, SUITE 300
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3. Date of Earliest Transaction
(MM/DD/YYYY)
12/13/2017
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(Street)
BLOOMFIELD HILLS, MI 48304
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_
X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security
(Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock
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6/9/2017
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G
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V
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20000
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D
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$0
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16953
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D
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Common Stock
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6/9/2017
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G
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V
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20000
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A
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$0
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264000
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I
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By wife
(1)
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Common Stock
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12/13/2017
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M
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68115
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A
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$45.90
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85068
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D
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Common Stock
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12/13/2017
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S
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29690
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D
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$62.23
(2)
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55378
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D
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Common Stock
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12/13/2017
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S
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22110
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D
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$62.89
(3)
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33268
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D
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Common Stock
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12/13/2017
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S
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6200
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D
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$64.10
(4)
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27068
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D
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Common Stock
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265246
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I
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By a limited liability company
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Common Stock
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11405
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I
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As UTMA custodian for daughter
(1)
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Common Stock
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8245
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I
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As UTMA custodian for son
(1)
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Common Stock
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8245
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I
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As UTMA custodian for son
(1)
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Common Stock
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186837
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I
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By limited liability company
(5)
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Common Stock
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711504
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I
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By limited liability company
(5)
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Table II - Derivative Securities Beneficially Owned (
e.g.
, puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 3)
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2. Conversion or Exercise Price of Derivative Security
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3. Trans. Date
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3A. Deemed Execution Date, if any
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4. Trans. Code
(Instr. 8)
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5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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6. Date Exercisable and Expiration Date
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7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
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8. Price of Derivative Security
(Instr. 5)
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9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)
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10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)
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11. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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(A)
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(D)
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Date Exercisable
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Expiration Date
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Title
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Amount or Number of Shares
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Incentive Options (right to buy)
(6)
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$45.9
(7)
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12/13/2017
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M
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68115
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(8)
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2/27/2018
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Common Stock
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68115.0
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$0
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0
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D
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Explanation of Responses:
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(1)
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Mr. Taubman disclaims all beneficial interest in the shares of common stock owned by his wife or in the UTMA accounts for the benefit of his children.
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(2)
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This price represents the weighted average price of the multiple transactions reported on this line. The shares were sold at prices ranging from $61.69 to $62.68 per share. Upon request by the SEC staff, the issuer, or any security holder of the issuer, the reporting person will provide full information regarding the number of shares sold at each separate price.
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(3)
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This price represents the weighted average price of the multiple transactions reported on this line. The shares were sold at prices ranging from $62.69 to $63.62 per share. Upon request by the SEC staff, the issuer, or any security holder of the issuer, the reporting person will provide full information regarding the number of shares sold at each separate price.
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(4)
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This price represents the weighted average price of the multiple transactions reported on this line. The shares were sold at prices ranging from $63.70 to $64.68 per share. Upon request by the SEC staff, the issuer, or any security holder of the issuer, the reporting person will provide full information regarding the number of shares sold at each separate price.
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(5)
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Mr. Taubman disclaims all beneficial interest in the shares of common stock owned by such limited liability company beyond his pecuniary interest therein.
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(6)
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Options were granted to the reporting person pursuant to The Taubman Realty Group Limited Partnership ("TRG") 1992 Incentive Option Plan, as amended (the "Plan"). The Company is the Managing General Partner of TRG. Options granted under the Plan are exercisable for units of limited partnership interest in TRG. Under the Company's continuing offer to employees covered by the Plan and certain other partners in TRG, each unit of limited partnership interest in TRG held by an offeree is exchangeable for one share of the Company's common stock.
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(7)
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This price reflects a reduction of the per share exercise price by $4.75 as a result of a modification of unexercised stock options completed in December 2014 in connection with a special dividend.
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(8)
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The options vested in three equal installments of 22,705 on March 1, 2009, March 1, 2010, and March 1, 2011, respectively.
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Reporting Owners
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Reporting Owner Name / Address
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Relationships
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Director
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10% Owner
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Officer
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Other
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TAUBMAN ROBERT S
TAUBMAN CENTERS, INC.
200 E. LONG LAKE ROAD, SUITE 300
BLOOMFIELD HILLS, MI 48304
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X
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President, CEO, AND Chair BOD
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Signatures
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/s/ Michael S. Ben, Attorney-in-Fact
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12/13/2017
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**
Signature of Reporting Person
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Date
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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*
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If the form is filed by more than one reporting person,
see
Instruction 4(b)(v).
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**
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Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See
18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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Note:
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File three copies of this Form, one of which must be manually signed. If space is insufficient,
see
Instruction 6 for procedure.
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Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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