SEC Form 4 · accession 0001225208-17-005567
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 2, 2017
Accepted (ET)
Mar 3, 2017 · 6:16 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 | holding | — | — | — | 75,183 | D | ||
| Common StockF1 | holding | — | — | — | 7,958 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Deferred Compensation UnitsF3,F2 | — | Mar 2, 2017 | I | 8,628 | A | — | — | Common Stock | 8,628 | 19,790 | D |
Explanation of responses
- F1Shares held in the Target Corporation 401(k) Plan based on the plan statement as of December 30, 2016.
- F2Deferred compensation units are held under the Target Corporation Executive Deferred Compensation Plan (the "Plan"). Under the terms of the Plan, participants' deferred compensation balances are indexed to various crediting rate alternatives, as chosen by them. The units reported relate to the Target common stock crediting rate alternative, and each unit is the economic equivalent of one share of Target common stock. The value of such units increases or decreases daily in accordance with an equivalent investment in the Target Stock Fund in the corporation's 401(k) plan. Participants are generally free to transfer plan balances into other crediting rate alternatives at any time. The Plan balances represent unsecured general obligations of Target Corporation, and are payable solely in cash.
- F3Includes units acquired as a result of reinvested dividends since the reporting person's last filing that reported these deferred compensation units.