Target 2014 Annual Report Download - page 18

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Total Number of Dollar Value of
Period
Total Number
of Shares
Purchased (a)(b)
Average
Price Paid
per Share (a)(b)
Shares Purchased
as Part of the
Current Program (a)
Shares that May
Yet Be Purchased
Under the Program
November 2, 2014 through
November 29, 2014 129,608 $ 51.09 49,877,874 $ 1,864,685,654
November 30, 2014 through
January 3, 2015 37,337 48.88 49,915,211 1,862,860,655
January 4, 2015 through
January 31, 2015 — — 49,915,211 1,862,860,655
166,945 $ 50.59 49,915,211 $ 1,862,860,65
5
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 6, 2015, there were 15,733 shareholders of record. Dividends declared per share and the high
and low closing common stock price for each fiscal quarter during 2014 and 2013 are disclosed in Note 30 of the
Financial Statements.
In January 2012, our Board of Directors authorized the repurchase of $5 billion of our common stock, with no stated
expiration for the share repurchase program. We have repurchased 49.9 million shares of our common stock under
this program for a total cash investment of $3.1 billion ($62.85 average price per share).
The table below presents our purchases of Target common stock during the three months ended January 31, 2015,
as defined in Rule 10b-18(a)(3) under the Exchange Act.
(a) The
table above includes shares reacquired upon settlement of prepaid forward contracts. At January 31, 2015, we held asset positions
in prepaid forward contracts for 0.5 million shares of our common stock, for a total cash investment of $21.5 million, or an average per
share price of $41.13. 0.2 million shares were reacquired under such contracts during the fourth quarter. Refer to Notes 23 and 25 of
the Financial Statements for further details of these contracts.
(b) The number of shares above includes shares of common stock reacquired from team members who tendered owned shares to i) satisfy
the tax withholding on equity awards as part of our long-term incentive plans or ii) satisfy the exercise price on stock option exercises.
For the three months ended January 31, 2015, 14,423 shares were reacquired at an weighted average per share price of $68.73 pursuant
to our long-term incentive plan.
13