SEC Form 4 · accession 0001225208-16-029281
TARGET CORP · TGT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Laysha Ward
Officer — Executive Officer
Period of report
Mar 4, 2016
Accepted (ET)
Mar 7, 2016 · 2:28 pm EST
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 4, 2016 | M | 20,000 | $48.88 | A | 34,007 | D | |
| Common Stock | Mar 4, 2016 | M | 9,205 | $48.89 | A | 43,212 | D | |
| Common Stock | Mar 4, 2016 | M | 9,106 | $49.41 | A | 52,318 | D | |
| Common Stock | Mar 4, 2016 | M | 6,882 | $58.13 | A | 59,200 | D | |
| Common Stock | Mar 4, 2016 | M | 3,568 | $42.05 | A | 62,768 | D | |
| Common Stock | Mar 4, 2016 | M | 2,321 | $64.63 | A | 65,089 | D | |
| Common StockF1 | Mar 4, 2016 | S | 51,082 | $80.024 | D | 14,007 | D | |
| Common StockF2 | holding | — | — | — | 3,875 | 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 | $48.89 | Mar 4, 2016 | M | 9,205 | D | — | Jan 9, 2018 | Common Stock | 9,205 | 0 | D |
| Stock OptionF3,F5 | $58.13 | Mar 4, 2016 | M | 6,882 | D | — | Jan 10, 2017 | Common Stock | 6,882 | 0 | D |
| Stock OptionF6,F7 | $48.88 | Mar 4, 2016 | M | 20,000 | D | — | Jan 11, 2022 | Common Stock | 20,000 | 39,666 | D |
| Stock OptionF3,F8 | $49.41 | Mar 4, 2016 | M | 9,106 | D | — | Jan 13, 2020 | Common Stock | 9,106 | 0 | D |
| Stock OptionF3,F9 | $42.05 | Mar 4, 2016 | M | 3,568 | D | — | Aug 10, 2019 | Common Stock | 3,568 | 0 | D |
| Stock OptionF3,F10 | $64.63 | Mar 4, 2016 | M | 2,321 | D | — | Sep 4, 2017 | Common Stock | 2,321 | 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 $80.00 to $80.16. 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.
- F10Option granted on September 4, 2007. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.
- F2Shares held in the Target Corporation 401(k) Plan based on the plan statement as of December 31, 2015.
- F3Option granted under the Target Corporation Long-Term Incentive Plan.
- F4Option granted on January 9, 2008. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.
- F5Option granted on January 10, 2007. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.
- F6Option granted under the Target Corporation 2011 Long-Term Incentive Plan.
- F7Option granted on January 11, 2012. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.
- F8Option granted on January 13, 2010. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.
- F9Option granted on August 10, 2009. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.