X0202 4 2004-05-14 0 0000899715 TANGER FACTORY OUTLET CENTERS INC SKT 0001216940 TANGER STEVEN B 3200 NORTHLINE AVENUE, SUITE 360 GREENSBORO NC 27408 1 1 0 0 President, COO Common Stock 2004-05-14 4 A 0 40000 0 A 43657 D Represents grant of restricted shares approved by the Share and Unit Option Committee of the Company's Board of Directors on April 27, 2004, subject to shareholder approval of the Company's Amended and Restated Incentive Award Plan. The Company's shareholders approved the plan on May 14, 2004. By: James F. Williams For: Steven B. Tanger 2004-05-17