X0101 42003-07-03 0000911215 CHELSEA PROPERTY GROUP INC CPG 0001211023 DAVIS THOMAS JOHN 0100Executive Vice PresidentCommon Stock2003-07-034M0219000A55798DCommon Stock2003-07-034S02190042.15D33898DEmployee Stock Options (Right to Buy)14.752003-07-034D0219000D1996-12-152005-12-15Common Stock00DThese options were granted under the Company's stock option plans and are exercisable in five equal annual installments commencing one year from the date of grant.Thomas Davis 2003-07-03