Sec Form 4 Filing - Mulligan John J @ TARGET CORP - 2018-04-03

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Mulligan John J
2. Issuer Name and Ticker or Trading Symbol
TARGET CORP [ TGT]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Executive Officer
(Last) (First) (Middle)
1000 NICOLLET MALL
3. Date of Earliest Transaction (MM/DD/YY)
04/03/2018
(Street)
MINNEAPOLIS, MN55403
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 04/03/2018 M 76,983 A $ 50.51 195,906 D
Common Stock 04/03/2018 M 29,833 A $ 48.88 225,739 D
Common Stock 04/03/2018 M 11,557 A $ 55.46 237,296 D
Common Stock 04/03/2018 S 118,373 D $ 69.3689 ( 1 ) 118,923 D
Common Stock 8,371.516 ( 2 ) I By 401(k) Plan
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Deferred Compensation Units ( 3 ) ( 3 ) 04/03/2018 I( 4 ) 20,598.8716 ( 4 ) ( 3 ) ( 3 ) Common Stock 20,598.8716 ( 5 ) $ 69.53 0 D
Stock Option ( 6 ) $ 48.88 04/03/2018 M 29,833 ( 7 ) 01/11/2022 Common Stock 29,833 $ 0 0 D
Stock Option ( 8 ) $ 55.46 04/03/2018 M 11,557 ( 9 ) 01/12/2021 Common Stock 11,557 $ 0 0 D
Stock Option ( 6 ) $ 50.51 04/03/2018 M 76,983 ( 10 ) 01/24/2022 Common Stock 76,983 $ 0 0 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Mulligan John J
1000 NICOLLET MALL
MINNEAPOLIS, MN55403
Executive Officer
Signatures
Andrew J. Neuharth, Attorney-In-Fact 04/04/2018
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Price 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 $69.04 to $69.58. 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.
( 2 )Shares held in the Target Corporation 401(k) Plan based on the plan statement as of March 31, 2018.
( 3 )Deferred 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.
( 4 )The transaction represents the reporting person's discretionary disposition of units of the Target common stock crediting rate alternative under the Plan referenced in footnote 2, and is the economic equivalent of the sale of the same number of shares of Target common stock.
( 5 )Includes units acquired as a result of reinvested dividends since the reporting person's last filing that reported these deferred compensation units.
( 6 )Option granted under the Target Corporation 2011 Long-Term Incentive Plan.
( 7 )Option granted on January 11, 2012. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.
( 8 )Option granted under the Target Corporation Long-Term Incentive Plan.
( 9 )Option granted on January 12, 2011. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.
( 10 )Option granted on January 24, 2012. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.

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