X0303 4 2011-04-26 0000899715 TANGER FACTORY OUTLET CENTERS INC SKT 0001046392 DRAPKIN DONALD G 450 PARK AVENUE NEW YORK NY 10022 1 Common Stock 2011-04-26 4 A 0 5000 0 A 5000 D Represents grant of restricted shares approved by the Company's Board of Directors on April 26, 2011 under the Company's Amended and Restated Incentive Award Plan. The restricted shares vest evenly over a three year period on December 31st of each year. /s/ James F. Williams, attorney-in-fact for Mr. Drapkin 2011-04-26