X0304 4 2012-02-14 0000899715 TANGER FACTORY OUTLET CENTERS INC SKT 0001218086 GELDNER CARRIE A 3200 NORTHLINE AVENUE, SUITE 360 GREENSBORO NC 27408 1 Senior V.P. of Marketing Common Stock 2012-02-14 4 A 0 7500 0 A 30604 D Represents a 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 and the restrictions cease to apply on twenty percent of the award on each February 28th over a five year period beginning February 28, 2013. /s/ Thomas J. Guerrieri Jr., attorney-in-fact for Carrie A. Geldner 2012-02-15