X0304 4 2012-02-14 0000899715 TANGER FACTORY OUTLET CENTERS INC SKT 0001366740 Berman Bridget Ryan 2 BAILEYS MILL ROAD P.O. BOX 718 NEW VERNON NJ 07976 1 Common Stock 2012-02-14 4 A 0 5000 0 A 20096 D Represents grant of restricted shares approved by the Company's Board of Directors on February 14, 2012 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/ Joshua D. Cox, attorney-in-fact for Bridget Ryan Berman 2012-02-15