Tanger Factory Outlet president exercises options

By Associated Press
May 22, 2008 | Comments (0)

Recs

0

The president and chief operating officer of outlet-center operator Tanger Factory Outlet Centers Inc. exercised options for 10,000 shares of common stock, according to a Securities and Exchange Commission filing Wednesday.

In a Form 4 filed with the SEC, Steven B. Tanger reported he exercised options for the shares on Monday for $19.41 apiece and then sold them all the same day for $40.40 apiece.

Insiders file Form 4s with the SEC to report transactions in their companies' shares. Open market purchases and sales must be reported within two business days of the transaction.

Tanger is based in Greensboro, N.C.

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

TD AMERITRADE
more info
ShareBuilder
more info
Power E*Trade

more info
Scottrade
more info
Fool Disclosure

DocumentId: 650905, ~/Articles/ArticleHandler.aspx, 11/9/2009 3:57:34 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

The Must-Read Story on Fool.com
Warren Buffett's Biggest Weakness

By The Motley Fool

Warren Buffett's Biggest Weakness

Related Tickers

11/9/2009 3:30 PM
SKT $39.19 Up +1.75 +4.67%
Tanger Factory Out… CAPS Rating: *

Community: Investing Wiki

Term Of The Hour

Bull market: A bull market is a period in which the prices in a market rise overall. Any asset class, including stocks, bonds, or commodities, can experience a bull market. Historically, bull markets tend to last longer than bear markets.

Want to learn more or edit this definition?
Click here to read more!