X0202 4 2004-05-14 0 0000899715 TANGER FACTORY OUTLET CENTERS INC SKT 0000939152 TANGER STANLEY K 3200 NORTHLINE AVENUE, SUITE 360 GREENSBORO NC 27408 1 1 1 0 Chairman, CEO Common Stock 2004-05-14 4 A 0 60000 0 A 152610 D Common Stock 139031 I by Partnership Common Stock 1000 I by Spouse Represents grant of restricted shares approved by the Share and Unit Option Committee of the Company's Board of Directors on April 27, 2004, subject to shareholder approval of the Company's Amended and Restated Incentive Award Plan. The Company's shareholders approved the plan on May 14, 2004. Represents shares purchased and immediately paid as compensation to all employees of Stanley K. Tanger & Company, of which Stanley K. Tanger is the 100% owner. By: James F. Williams For: Stanley K. Tanger 2004-05-17