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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€4, 2016, there were 15,416 shareholders of record. Dividends declared per share and the high
and low closing common stock price for each fiscal quarter during 2015 and 2014 are disclosed in Note€31 of the
Financial Statements.
In January€2012, our Board of Directors authorized the repurchase of $5 billion of our common stock and in June 2015
expanded the program by an additional $5 billion for a total authorization of $10 billion. There is no stated expiration
for the share repurchase program. Under this program, we have repurchased 94.6 million shares of common stock
through January 30, 2016, at an average price of $69.57, for a total investment of $6.6 billion. The table below presents
information with respect to Target common stock purchases made during the three months ended January 30, 2016,
by Target or any "affiliated purchaser" of Target, as defined in Rule 10b-18(a)(3) under the Exchange Act.
Period
Total€Number
of€Shares
Purchased (a)(b)
Average
Price
Paid€per
Share (a)
Total€Number€of
Shares€Purchased
as€Part€of€the
Current€Program (a)
Dollar€Value€of
Shares€that€May
Yet€Be€Purchased
Under€the€Program
November 1, 2015 through November 28, 2015
Open market and privately negotiated purchases 4,291,434 $74.57 4,291,434 $4,360,899,740
November 29, 2015 through January 2, 2016
Open market and privately negotiated purchases 7,442,198 72.59 7,430,138 3,821,513,044
January 3, 2016 through January 30, 2016
Open market and privately negotiated purchases 5,600,350 71.42 5,600,350 3,421,513,081
Total 17,333,982 $72.70 17,321,922 $3,421,513,081
(a) The table above includes shares reacquired upon the noncash settlement of prepaid forward contracts. At
January 30, 2016, we held asset positions in prepaid forward contracts for 0.4 million shares of our common
stock, for a total cash investment of $18.2 million, or an average per share price of $41.13. During the fourth
quarter, no shares were reacquired under such contracts. Refer to Note 27 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 30, 2016, 12,060
shares were reacquired at an weighted average per share price of $71.71 pursuant to our long-term incentive
plan.
14