SC 13G/A: Schedule filed to report acquisition of beneficial ownership of 5% or more of a class of equity securities by passive investors and certain institutions
Published on February 7, 1995
CUSIP NO. 875465 10 6 13G Page 1 of 7 Pages
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1 )*
TANGER FACTORY OUTLET CENTERS, INC.
(Name of Issuer)
Common
(Title of Class of Securities)
875465 10 6
(CUSIP Number)
Check the following box if a fee is being paid with this statement ( ) .
(A fee is not required only if the filing person: (1) has a previous statement
on file reporting beneficial ownership of more than five percent of the class
of securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7).
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter the
disclosure provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
CUSIP NO. 875465 10 6 13G Page 2 of 7 Pages
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Franklin Resources, Inc.
13-2670991
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
(b) X
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
5. SOLE VOTING POWER
472,396
6. SHARED VOTING POWER
7. SOLE DISPOSITIVE POWER
8. SHARED DISPOSITIVE POWER
472,396
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
472,396 (Please see notes 1 & 2)
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.0%
12 TYPE OF REPORTING PERSON
IA, HC ***
CUSIP NO. 875465 10 6 13G Page 3 of 7 Pages
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Franklin Valuemark Funds-Income Securities Fund
94-3102967
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
(b) X
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Massachusetts
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
5. SOLE VOTING POWER
360,360
6. SHARED VOTING POWER
7. SOLE DISPOSITIVE POWER
8. SHARED DISPOSITIVE POWER
360,360
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
360,360 (Please see notes 2 & 3)
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.1%
12 TYPE OF REPORTING PERSON
IV
CUSIP NO. 875465 10 6 13G Page 4 of 7 Pages
Item 1.
(a) Name of Issuer
Tanger Factory Outlet Centers, Inc.
(b) Address of Issuer's Principal Executive Offices
1400 West Northwood Street
Greensboro, NC 27408
Item 2.
(a) Name of Person Filing
Franklin Resources, Inc.
(b) Address of Principal Business Office
777 Mariners Island Blvd.
San Mateo, California 94404
(c) Place of Organization
Delaware
(d) Title of Class of Securities
Common
(e) CUSIP
875465 10 6
Item 3.
(d) Investment Company
(e) Investment Adviser
(g) Parent Holding Company (Note: See Item 7)
CUSIP NO. 875465 10 6 13G Page 5 of 7 Pages
Item 4. Ownership
(a) Amount Beneficially Owned
472,396
(b) Percent of Class
8.0%
(c) Number of Shares as to which such person has:
(i) Sole power to vote or to direct the vote
472,396
(ii) Shared power to vote or to direct the vote
(iii) Sole power to dispose or to direct the disposition of
(iv) Shared power to dispose or to direct the disposition of
472,396
Item 5. Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that as of the
date hereof the reporting person has ceased to be the beneficial
owner of more than five percent of the class of securities, check
the following ( ).
Not Applicable
Item 6. Ownership of More than Five Percent on Behalf of Another Person
Franklin Valuemark Funds-Income Securities Fund, a mutual fund
registered with the S.E.C., has the right to receive dividends from
and the proceeds from the sale of more than five percent of the
class of such securities.
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company
See Attached Exhibit
Item 8. Identification and Classification of Members of the Group
Not Applicable
Item 9. Notice of Dissolution of Group
Not Applicable
CUSIP NO. 875465 10 6 13G Page 6 of 7 Pages
Item 10. Certification
By signing below, I certify that, to the best of my knowledge and belief, the
securities referred to above were acquired in the ordinary course of business
and were not acquired for the purpose of and do not have the effect of
changing or influencing the control of the issuer of such securities and were
not acquired in connection with or as a participant in any transaction having
such purposes or effect.
This report shall not be construed as an admission by the person filing the
report (Franklin Resources, Inc.) that it is the beneficial owner of any
securities covered by this report.***
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and
correct.
February 7, 1995
Date
S\DEBORAH R. GATZEK
Signature
Deborah R. Gatzek
Senior Vice President-Legal
& Assistant Secretary
Name/Title
*** Franklin Resources, Inc., its subsidiaries, and investment companies advised
by such subsidiaries are of the view that they are not active as a "group" for
purposes of Section 13(d) under the Securities Exchange Act of 1934 ("1934 Act")
and that they are not otherwise required to attribute to each other the
"beneficial ownership" of securities under Rule 13d-3 promulgated under the 1934
Act. Therefore, they are of the view that the shares held by Franklin Resources,
Inc., its subsidiaries, and investment companies advised by such subsidiaries
need not be aggregated for purposes of Section 13(d). However, Franklin
Resources, Inc. is making this filing on a voluntary basis as if all the shares
were beneficially owned by Franklin Resources, Inc., its subsidiaries, and
investment companies advised by such subsidiaries with respect to the exercise
of investment discretion.
Note 1: Includes 396,396 Common shares that would result upon conversion of
440,000 Convertible shares.
Note 2: As computed under Rule 13(d) - 3(d)(1)(i)
CUSIP NO. 875465 10 6 13G Page 7 of 7 Pages
Item 10. Certification
By signing below, I certify that, to the best of my knowledge and belief, the
securities referred to above were acquired in the ordinary course of business
and were not acquired for the purpose of and do not have the effect of
changing or influencing the control of the issuer of such securities and were
not acquired in connection with or as a participant in any transaction having
such purposes or effect.
This report shall not be construed as an admission by the person filing the
report (Franklin Resources, Inc.) that it is the beneficial owner of any
securities covered by this report.***
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and
correct.
February 7, 1995
Date
S\DEBORAH R. GATZEK
Signature
Deborah R. Gatzek
Vice President & Secretary
Franklin Valuemark Funds - Income Securities Fund
Name/Title
*** Franklin Resources, Inc., its subsidiaries, and investment companies advised
by such subsidiaries are of the view that they are not active as a "group" for
purposes of Section 13(d) under the Securities Exchange Act of 1934 ("1934 Act")
and that they are not otherwise required to attribute to each other the
"beneficial ownership" of securities under Rule 13d-3 promulgated under the 1934
Act. Therefore, they are of the view that the shares held by Franklin Resources,
Inc., its subsidiaries, and investment companies advised by such subsidiaries
need not be aggregated for purposes of Section 13(d). However, Franklin
Resources, Inc. is making this filing on a voluntary basis as if all the shares
were beneficially owned by Franklin Resources, Inc., its subsidiaries, and
investment companies advised by such subsidiaries with respect to the exercise
of investment discretion.
Note 2: As computed under Rule 13(d) - 3(d)(1)(i)
Note 3: Includes 360,360 Common shares that would result upon conversion of
400,000 Convertible shares.