Target 2010 Annual Report Download - page 34

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PART II
Item 5. Market for the Registrant’s Common Equity, Related Stockholder Matters and Issuer
Purchases of Equity Securities
Our common stock is listed on the New York Stock Exchange under the symbol ‘‘TGT.’’ We are authorized to
issue up to 6,000,000,000 shares of common stock, par value $0.0833, and up to 5,000,000 shares of preferred
stock, par value $0.01. At March 7, 2011, there were 17,247 shareholders of record. Dividends declared per share
and the high and low closing common stock price for each fiscal quarter during 2010 and 2009 are disclosed in
Note 29 of the Notes to Consolidated Financial Statements, included in Item 8, Financial Statements and
Supplementary Data.
In November 2007, our Board of Directors authorized the repurchase of $10 billion of our common stock. Since
the inception of this share repurchase program, we have repurchased 151.4 million common shares for a total cash
investment of $7,827 million ($51.70 per share).
The table below presents information with respect to Target common stock purchases made during the three
months ended January 29, 2011, by Target or any ‘‘affiliated purchaser’’ of Target, as defined in Rule 10b-18(a)(3)
under the Exchange Act.
Approximate
Total Number of Dollar Value of
Shares Purchased Shares that May
Total Number Average as Part of Yet Be Purchased
of Shares Price Paid Publicly Announced Under the
Period Purchased (a) per Share (a) Program (a) Program
October 31, 2010 through
November 27, 2010 1,632,664 $52.05 145,434,588 $ 2,501,898,442
November 28, 2010 through
January 1, 2011 97,151 (b) 54.12 145,518,341 2,497,365,556
January 2, 2011 through
January 29, 2011 5,872,428 55.31 151,390,769 2,172,553,879
7,602,243 54.60 151,390,769 2,172,553,879
(a) The table above includes shares reacquired upon settlement of prepaid forward contracts. For the three months ended January 29, 2011,
0.3 million shares were reacquired through these contracts. At January 29, 2011, we held asset positions in prepaid forward contracts for
1.2 million shares of our common stock, for a total cash investment of $51 million, or an average per share price of $44.09. Refer to Notes 24
and 26 of the Notes to Consolidated Financial Statements for further details of these contracts.
(b) The number of shares above includes shares of common stock reacquired from team members who wish to tender owned shares to satisfy
the tax withholding on equity awards as part of our long-term incentive plans or to satisfy the exercise price on stock option exercises. For the
three months ended January 29, 2011, 13,398 shares were reacquired at an average per share price of $59.72 pursuant to our long-term
incentive plan.
12