SEC Form 4 · accession 0001225208-17-010395
TARGET CORP · TGT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Laysha Ward
Officer — Executive Officer
Period of report
May 22, 2017
Accepted (ET)
May 24, 2017 · 7:44 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 StockF1 | holding | — | — | — | 32,679 | D | ||
| Common StockF2 | holding | — | — | — | 4,040 | 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 | $55.60 | May 22, 2017 | A | 36,819 | A | May 22, 2020 | May 22, 2024 | Common Stock | 36,819 | 36,819 | D |
Explanation of responses
- F1Includes 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.
- F2Shares held in the Target Corporation 401(k) Plan based on the plan statement as of March 31, 2017.
- F3An award of price-vested stock options under the Amended and Restated Target Corporation 2011 Long-Term Incentive Plan.
- F4In 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.