Tanger
Insider trading & Transactions

Last updated: 19 May 2005

Transaction	Date	Insider	Security	Shares	Price per share	Total value
Option	19 May 2005	CHAFIN WILLARD A officer: Exec. V. P. officer: Exec. V. P.	Common Stock	3,000	N/A	N/A
Option	19 May 2005	CHAFIN WILLARD A officer: Exec. V. P. officer: Exec. V. P.	Limited Partnership Unit Option (right to buy)	5,000	N/A	N/A
Sale	19 May 2005	CHAFIN WILLARD A officer: Exec. V. P. officer: Exec. V. P.	Common Stock	2,000	N/A	N/A
Option	11 May 2005	SIMPSON ROCHELLE G officer: Executive VP - Administration officer: Executive VP - Adminis..	Limited Partnership Unit Option (right to buy)	3,700	N/A	N/A
Option	11 May 2005	AFRICK JACK director director	Common Stock	6,000	N/A	N/A
Option	11 May 2005	AFRICK JACK director director	Non-Qualified Stock Option (right to buy)	6,000	N/A	N/A
Sale	11 May 2005	NEHMEN JOSEPH officer: Senior V. P. - Operations officer: Senior V. P. - Operati..	Common Stock	2,500	N/A	N/A
Sale	11 May 2005	SIMPSON ROCHELLE G officer: Executive VP - Administration officer: Executive VP - Adminis..	Common Stock	2,700	N/A	N/A
Option	11 May 2005	NEHMEN JOSEPH officer: Senior V. P. - Operations officer: Senior V. P. - Operati..	Common Stock	20,000	N/A	N/A
Option	11 May 2005	NEHMEN JOSEPH officer: Senior V. P. - Operations officer: Senior V. P. - Operati..	Limited Partnership Unit Option (right to buy)	20,000	N/A	N/A
Option	11 May 2005	SIMPSON ROCHELLE G officer: Executive VP - Administration officer: Executive VP - Adminis..	Common Stock	3,700	N/A	N/A
Sale	10 May 2005	SIMPSON ROCHELLE G officer: Executive VP - Administration officer: Executive VP - Adminis..	Common Stock	1,300	N/A	N/A
Option	10 May 2005	SIMPSON ROCHELLE G officer: Executive VP - Administration officer: Executive VP - Adminis..	Limited Partnership Unit Option (right to buy)	1,300	N/A	N/A
Option	10 May 2005	SIMPSON ROCHELLE G officer: Executive VP - Administration officer: Executive VP - Adminis..	Common Stock	1,300	N/A	N/A
Sale	9 May 2005	DILLON KEVIN M officer: Sr. VP Development and officer: Sr. VP Development and	Common Stock	2,500	N/A	N/A
Option	9 May 2005	DILLON KEVIN M officer: Sr. VP Development and officer: Sr. VP Development and	Limited Partnership Unit Option (right to buy)	2,500	N/A	N/A
Option	9 May 2005	DILLON KEVIN M officer: Sr. VP Development and officer: Sr. VP Development and	Common Stock	2,500	N/A	N/A
Option	6 May 2005	DILLON KEVIN M officer: Sr. VP Development and officer: Sr. VP Development and	Limited Partnership Unit Option (right to buy)	1,500	N/A	N/A
Option	6 May 2005	DILLON KEVIN M officer: Sr. VP Development and officer: Sr. VP Development and	Common Stock	1,500	N/A	N/A
Sale	6 May 2005	DILLON KEVIN M officer: Sr. VP Development and officer: Sr. VP Development and	Common Stock	1,500	N/A	N/A
Option	15 Mar 2005	WARREN CARRIE A officer: SVP, Chief Marketing Officer officer: SVP, Chief Marketing O..	Common Stock	1,000	N/A	N/A
Option	15 Mar 2005	SUMMERELL VIRGINIA R officer: Senior VP, Treasurer officer: Senior VP, Treasurer	Limited Partnership Unit Option (right to buy)	1,500	N/A	N/A
Option	15 Mar 2005	SUMMERELL VIRGINIA R officer: Senior VP, Treasurer officer: Senior VP, Treasurer	Common Stock	1,500	N/A	N/A
Sale	15 Mar 2005	SUMMERELL VIRGINIA R officer: Senior VP, Treasurer officer: Senior VP, Treasurer	Common Stock	500	N/A	N/A
Option	15 Mar 2005	WARREN CARRIE A officer: SVP, Chief Marketing Officer officer: SVP, Chief Marketing O..	Limited Partnership Unit Option (right to buy)	2,000	N/A	N/A
Sale	15 Mar 2005	WARREN CARRIE A officer: SVP, Chief Marketing Officer officer: SVP, Chief Marketing O..	Common Stock	1,000	N/A	N/A
Option	14 Mar 2005	SUMMERELL VIRGINIA R officer: Senior VP, Treasurer officer: Senior VP, Treasurer	Common Stock	1,500	N/A	N/A
Sale	14 Mar 2005	SUMMERELL VIRGINIA R officer: Senior VP, Treasurer officer: Senior VP, Treasurer	Common Stock	1,500	N/A	N/A
Option	14 Mar 2005	SUMMERELL VIRGINIA R officer: Senior VP, Treasurer officer: Senior VP, Treasurer	Limited Partnership Unit Option (right to buy)	1,500	N/A	N/A
Sale	8 Mar 2005	CHAFIN WILLARD A officer: Exec. V. P. officer: Exec. V. P.	Common Stock	2,000	N/A	N/A
Option	8 Mar 2005	CHAFIN WILLARD A officer: Exec. V. P. officer: Exec. V. P.	Common Stock	5,000	N/A	N/A
Option	8 Mar 2005	CHAFIN WILLARD A officer: Exec. V. P. officer: Exec. V. P.	Limited Partnership Unit Option (right to buy)	4,700	N/A	N/A
Option	4 Mar 2005	SIMPSON ROCHELLE G officer: Executive VP - Administration officer: Executive VP - Adminis..	Common Stock	4,900	N/A	N/A
Option	4 Mar 2005	WILLIAMS JAMES FLOYD officer: Executive VP & CFO officer: Executive VP & CFO	Limited Partnership Unit Option (right to buy)	10,000	N/A	N/A
Sale	4 Mar 2005	SIMPSON ROCHELLE G officer: Executive VP - Administration officer: Executive VP - Adminis..	Common Stock	800	N/A	N/A
Option	4 Mar 2005	WILLIAMS JAMES FLOYD officer: Executive VP & CFO officer: Executive VP & CFO	Common Stock	6,800	N/A	N/A
Sale	4 Mar 2005	WILLIAMS JAMES FLOYD officer: Executive VP & CFO officer: Executive VP & CFO	Common Stock	800	N/A	N/A
Option	4 Mar 2005	SIMPSON ROCHELLE G officer: Executive VP - Administration officer: Executive VP - Adminis..	Limited Partnership Unit Option (right to buy)	5,000	N/A	N/A
Sale	11 Nov 2004	WARREN CARRIE A officer: SVP, Chief Marketing Officer officer: SVP, Chief Marketing O..	Common Stock	1,400	N/A	N/A
Option	11 Nov 2004	WARREN CARRIE A officer: SVP, Chief Marketing Officer officer: SVP, Chief Marketing O..	Common Stock	1,500	N/A	N/A
Option	11 Nov 2004	WARREN CARRIE A officer: SVP, Chief Marketing Officer officer: SVP, Chief Marketing O..	Limited Partnership Unit Option (right to buy)	1,500	N/A	N/A
Purchase	3 Nov 2004	TANGER STEVEN B director, officer: Executive Chair of the .. director, officer: Executive Ch..	Common Stock	100	N/A	N/A
Purchase	24 Sep 2004	TANGER STEVEN B director, officer: Executive Chair of the .. director, officer: Executive Ch..	Common Stock	135	N/A	N/A
Option	31 Aug 2004	WILLIAMS JAMES FLOYD officer: Executive VP & CFO officer: Executive VP & CFO	Limited Partnership Unit Option (right to buy)	1,000	N/A	N/A
Sale	31 Aug 2004	WILLIAMS JAMES FLOYD officer: Executive VP & CFO officer: Executive VP & CFO	Common Stock	100	N/A	N/A
Option	31 Aug 2004	WILLIAMS JAMES FLOYD officer: Executive VP & CFO officer: Executive VP & CFO	Common Stock	1,000	N/A	N/A
Option	30 Aug 2004	WARREN CARRIE A officer: SVP, Chief Marketing Officer officer: SVP, Chief Marketing O..	Limited Partnership Unit Option (right to buy)	1,000	N/A	N/A
Sale	30 Aug 2004	WARREN CARRIE A officer: SVP, Chief Marketing Officer officer: SVP, Chief Marketing O..	Common Stock	100	N/A	N/A
Option	30 Aug 2004	WARREN CARRIE A officer: SVP, Chief Marketing Officer officer: SVP, Chief Marketing O..	Common Stock	1,000	N/A	N/A
Option	24 Aug 2004	NEHMEN JOSEPH officer: Senior V. P. - Operations officer: Senior V. P. - Operati..	Common Stock	4,000	N/A	N/A

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Insider trading

Monitoring trades made by the management members or major shareholders of companies may help create a sharper picture of what is happening inside the companies. Base your decisions on buys or sells of the people involved and do the right thing at the right time.

Who is insider?

Every director or senior officer, as well as any other entity or individual owning more than 10% of the company’s shares on the stock market, is called an insider. Such people or entities are allowed to buy/sell the company's shares under strictly controlled conditions. Key premise here is that none of them can make trades based on non-public information about the company.

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Insider trading

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Insider trading & Transactions