X0202 4 2006-03-08 0 0000899715 TANGER FACTORY OUTLET CENTERS INC SKT 0001218084 SUMMERELL VIRGINIA R 3200 NORTHLINE AVENUE, SUITE 360 GREENSBORO NC 27408 0 1 0 0 Treasurer Common Stock 2006-03-08 4 M 0 100 19.415 A 3100 D Common Stock 2006-03-08 4 S 0 100 32.78 D 3000 D Common Stock 2006-03-08 4 M 0 900 19.415 A 3900 D Common Stock 2006-03-08 4 S 0 900 32.77 D 3000 D Common Stock 2006-03-08 4 M 0 1000 19.415 A 4000 D Common Stock 2006-03-08 4 S 0 1000 32.5 D 3000 D Common Stock 2006-03-08 4 M 0 1000 19.415 A 4000 D Common Stock 2006-03-08 4 S 0 1000 32.6 D 3000 D Limited Partnership Unit Option (right to buy) 19.415 2006-03-08 4 M 0 100 0 D 2005-04-27 2014-04-27 Common Stock 100 14900 D Limited Partnership Unit Option (right to buy) 19.415 2006-03-08 4 M 0 900 0 D 2005-04-27 2014-04-27 Common Stock 900 14000 D Limited Partnership Unit Option (right to buy) 19.415 2006-03-08 4 M 0 1000 0 D 2005-04-27 2014-04-27 Common Stock 1000 13000 D Limited Partnership Unit Option (right to buy) 19.415 2006-03-08 4 M 0 1000 0 D 2005-04-27 2014-04-27 Common Stock 1000 12000 D Options to purchase limited partnership units, granted pursuant to the Tanger Properties Limited Partnership Unit Option Plan. Due to the two-for-one split of the Company's common shares on December 28, 2004, each unit obtained upon exercise of option is now exchangeable for common shares on a two-for-one basis. Accordingly, the number of options and the exercise prices stated have been adjusted to reflect the effect of the split. The option becomes exercisable in five equal annual installments, commencing one year from the date of grant. By: Thomas J. Guerrieri Jr For: Virginia R. Summerell 2006-03-10