SEC Form 4 · accession 0001225208-15-008628
TARGET CORP · TGT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John J Mulligan
Officer — Executive Officer
Period of report
Mar 25, 2015
Accepted (ET)
Mar 27, 2015 · 2:38 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000027419
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Mar 25, 2015 | M | 8,876 | $33.80 | A | 67,222 | D | |
| Common Stock | Mar 25, 2015 | M | 6,021 | $58.13 | A | 73,243 | D | |
| Common Stock | Mar 25, 2015 | M | 4,632 | $53.98 | A | 77,875 | D | |
| Common Stock | Mar 25, 2015 | M | 2,044 | $48.94 | A | 79,919 | D | |
| Common StockF1 | Mar 25, 2015 | S | 21,573 | $81.8102 | D | 58,346 | D | |
| Common StockF2 | holding | — | — | — | 7,520 | I | By 401(k) Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF3,F4 | $58.13 | Mar 25, 2015 | M | 6,021 | D | — | Jan 10, 2017 | Common Stock | 6,021 | 0 | D |
| Stock OptionF3,F5 | $53.98 | Mar 25, 2015 | M | 4,632 | D | — | Jan 11, 2016 | Common Stock | 4,632 | 0 | D |
| Stock OptionF3,F6 | $33.80 | Mar 25, 2015 | M | 8,876 | D | — | Jan 14, 2019 | Common Stock | 8,876 | 0 | D |
| Stock OptionF3,F7 | $48.94 | Mar 25, 2015 | M | 2,044 | D | — | Sep 1, 2016 | Common Stock | 2,044 | 0 | D |
Explanation of responses
- F1Price is the volume weighted average selling price of all sales by the reporting person on the transaction date within a one dollar range. Actual prices ranged from $81.65 to $81.95. The reporting person hereby undertakes to provide upon request of the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- F2Shares held in the Target Corporation 401(k) Plan based on the plan statement as of December 31, 2014.
- F3Option granted under the Target Corporation Long-Term Incentive Plan.
- F4Option granted on January 10, 2007. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.
- F5Option granted on January 11, 2006. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.
- F6Option granted on January 14, 2009. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.
- F7Option granted on September 1, 2006. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.