1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security |
5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
Date Exercisable |
Expiration Date |
Title |
Amount or Number of Shares |
Incentive Option (Right to Buy)
(1)
|
Â
(2)
|
03/04/2015 |
Common Stock
(1)
|
60,000
|
$
29.38
|
D
|
Â
|
Incentive Option (Right to Buy)
(1)
|
Â
(3)
|
05/18/2015 |
Common Stock
(1)
|
20,000
|
$
31.31
|
D
|
Â
|
Incentive Option (Right to Buy)
(1)
|
11/18/2005 |
05/18/2015 |
Common Stock
(1)
|
9,582
|
$
31.31
|
D
|
Â
|
Incentive Option (Right to Buy)
(1)
|
Â
(4)
|
05/18/2015 |
Common Stock
(1)
|
6,069
|
$
31.31
|
D
|
Â
|
Restricted Stock Units
(5)
|
Â
(6)
|
Â
(6)
|
Common Stock
|
1,855
|
$
(5)
|
D
|
Â
|
* |
If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
** |
Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) |
Options were granted to the reporting person pursuant to The Taubman Realty Group Limited Partnership ("TRG") 1992 Incentive
Option Plan, as amended (the "Option Plan"). The Company is the managing general partner of TRG. Options granted under the
Option Plan are exercisable for units of limited partnership in TRG. Under the Company's continuing offer to employees
covered by the Plan and certain other partners in TRG, each unit of limited partnership interest in TRG held by an offeree
is exchangeable for one share of the Company's common stock. |
(2) |
The option vests in three equal installments on March 4, 2008, March 4, 2010 and March 4, 2012, subject to the satisfaction
of certain performance criteria. |
(3) |
The option vests in three equal installments on May 18, 2008, May 18, 2010 and May 18, 2012, subject to the satisfaction of
certain performance criteria. |
(4) |
The option vests in three equal installments on May 18, 2006, May 18, 2007 and May 18, 2008. |
(5) |
Restricted stock units were granted to the reporting person pursuant to The Taubman Company 2005 Long-Term Incentive Plan.
Each restricted stock unit represents a contingent right to receive upon vesting one share of the Company's common stock,
plus a cash payment equal to the aggregate cash dividends that would have been paid on such share of the Company's common
stock if the share had been outstanding from the date of the grant of the award to the vesting date. |
(6) |
The restricted stock units vest on March 1, 2008. |