X0303 4 2011-02-01 0 0000890319 TAUBMAN CENTERS INC TCO 0001088534 PAYNE LISA A TAUBMAN CENTERS, INC. 200 E. LONG LAKE ROAD, SUITE 300 BLOOMFIELD HILLS MI 48304 1 1 0 0 Vice Chairman AND CFO Common Stock 2011-02-01 4 S 0 4000 52.57 D 77799 D The sale was effected pursuant to a 10b5-1 trading plan initially adopted by the reporting person on February 23, 2010. The plan provides for monthly sales of 4,000 shares of common stock if the specified minimum trading price is satisfied. No further shares remain available for sale under the plan. /s/ Michael S. Ben, Attorney-in-Fact 2011-02-01