SEC Form 4 · accession 0001225208-17-010385
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
May 22, 2017
Accepted (ET)
May 24, 2017 · 7:43 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 StockF2 | May 22, 2017 | F | 3,121 | $55.73 | D | 97,190 | D | |
| Common StockF3 | holding | — | — | — | 8,048 | 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 OptionF4,F5 | $55.60 | May 22, 2017 | A | 147,276 | A | May 22, 2020 | May 22, 2024 | Common Stock | 147,276 | 147,276 | D |
Explanation of responses
- F1Withholding of stock to satisfy tax withholding obligation on vesting of an award of restricted stock units pursuant to the Target Corporation 2011 Long-Term Incentive Plan that were previously reported by the reporting person on May 27, 2014.
- F2Includes dividend equivalents paid on restricted stock units and performance-based restricted stock units since the date of the reporting person's last filing through the date of the reported transaction that have been reinvested in additional restricted stock units and performance-based restricted stock units.
- F3Shares held in the Target Corporation 401(k) Plan based on the plan statement as of March 31, 2017.
- F4An award of price-vested stock options under the Amended and Restated Target Corporation 2011 Long-Term Incentive Plan.
- F5In addition, the price-vested stock options will become exercisable only if the closing price of Target's stock exceeds a hurdle of $75 for 20 consecutive trading days within the seven-year term.