SEC Form 4 · accession 0001225208-17-010386
TARGET CORP · TGT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brian C Cornell
Officer — Executive Officer · Director
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 | Apr 10, 2017 | G | 59,949 | $0.00 | D | 118,856 | D | |
| Common Stock | Apr 10, 2017 | G | 59,949 | $0.00 | A | 128,034 | I | By Trust |
| Common StockF3 | holding | — | — | — | 382 | 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 | 294,551 | A | May 22, 2020 | May 22, 2024 | Common Stock | 294,551 | 294,551 | D |
Explanation of responses
- F1The shares gifted by the reporting person on April 10, 2017, were gifted to a revocable living trust, of which the reporting person and his spouse are trustees, for the benefit of the reporting person, his spouse and their children.
- F2Includes dividend equivalents paid on 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 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.