SEC Form 4 · accession 0001225208-15-008630
TARGET CORP · TGT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Timothy R Baer
Officer — Executive Officer
Period of report
Mar 25, 2015
Accepted (ET)
Mar 27, 2015 · 2:51 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 | 50,000 | $33.80 | A | 80,537 | D | |
| Common Stock | Mar 25, 2015 | M | 48,166 | $53.98 | A | 128,703 | D | |
| Common StockF1 | Mar 25, 2015 | S | 98,166 | $81.6882 | D | 30,537 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF2,F3 | $53.98 | Mar 25, 2015 | M | 48,166 | D | — | Jan 11, 2016 | Common Stock | 48,166 | 0 | D |
| Stock OptionF2,F4 | $33.80 | Mar 25, 2015 | M | 50,000 | D | — | Jan 14, 2019 | Common Stock | 50,000 | 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 $81.50 to $82.01. 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.
- F2Option granted under the Target Corporation Long-Term Incentive Plan.
- F3Option granted on January 11, 2006. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.
- F4Option granted on January 14, 2009. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.