X0202 4 2006-02-28 0 0000899715 TANGER FACTORY OUTLET CENTERS INC SKT 0001228619 AFRICK JACK 16680 ECHO HOLLOW CIRCLE DELRAY BEACH FL 33484 1 0 0 0 Common Stock 2006-02-28 4 A 0 500 0 A 25250 D Represents grant of restricted shares approved by the Company's Board of Directors on February 28, 2006 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. By: James F. Williams For: Jack Africk 2006-03-02