Sec Form 4 Filing - TANGER STANLEY K @ TANGER FACTORY OUTLET CENTERS INC - 2010-08-18

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person TANGER STANLEY K 2. Issuer Name and Ticker or Trading Symbol TANGER FACTORY OUTLET CENTERS INC [ SKT] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 7 NORTHLINE PLACE 3. Date of Earliest Transaction (MM/DD/YY) 08/18/2010 (Street) GREENSBORO, NC27410 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 08/18/2010 G( 1 ) V 278,062 ( 1 ) ( 2 ) D $ 0 0 I By Partnership ( 2 ) Common Stock 448,812 D Common Stock 2,000 I By Spouse

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Limited Partnership Units exchangeable for Common Stock $ 0 08/18/2010 G V 3,033,305 ( 3 ) 05/27/1993 ( 4 ) Common Stock 6,066,610 $ 0 0 I partnership ( 3 )

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other TANGER STANLEY K 7 NORTHLINE PLACE GREENSBORO, NC27410 X Signatures /s/ James F. Williams, attorney-in-fact for Stanley K. Tanger 09/23/2010 Signature of Reporting Person Date

Explanation of Responses:

( 1 )On August 18, 2010, Mr. Tanger transferred his general partnership interests in the Tanger Family Limited Partnership to the Stanley K. Tanger Marital Trust. As Mr. Tanger no longer has investment or voting power with respect to the Tanger Family Limited Partnership's holdings, he is no longer deemed to be the beneficial owner of the issuer's securties held by the Tanger Family Limited Partnership. ( 2 )Includes 278,062 shares of Common Stock owned by the Tanger Family Limited Partnership. Prior to August 18, 2010, Mr. Tanger was the general partner of the Tanger Family Limited Partnership and thus may deemed to have been the beneficial owner of such partnership's holdings. ( 3 )Includes 3,033,305 limited partnership units of Tanger Properties Limited Partnership owned by Tanger Family Limited Partnership which are exchangeable into 6,066,610 common shares of Tanger Factory Outlet Centers, Inc. Prior to August 16, 2010, Mr. Tanger was the general partner of the Tanger Family Limited Partnership and may deemed to have been the beneficial owner of such partnership's holdings. ( 4 )The Limited Partnership Units have no expiration date.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(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).

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