SINGER PAUL 4
4 · TARGET CORP · Filed Oct 20, 2004
Insider Transaction Report
Form 4
TARGET CORPTGT
SINGER PAUL
Executive Officer
Transactions
- Exercise/Conversion
Deferred Compensation Units
2004-10-19$81.72/sh−60,687.088$4,959,240→ 0 total→ Common Stock
Holdings
- 18,387.674(indirect: By 401(k))
Common Stock, $.0833 per share
Footnotes (4)
- [F1]Shares held in the Target Corporation 401(k) Plan (the "401(k) Plan") as of January 31, 2004, subject to adjustments.
- [F2]Acquired pursuant to the Target Corporation Executive Deferred Compensation Plan (the "Plan"). Under the terms of the Plan, participants are invested in units which reflect the value of the amount of compensation deferred. The value of the units reported is adjusted to reflect approximately the rate of return of Target Corporation common stock plus a 2% annual enhancement. The units are not convertible into Target Corporation common stock, nor is any specific number of shares of such stock deemed to underlie each unit. Amounts deemed invested in units whose value is derived from Target Corporation stock may be transferred into other investment alternatives under the Plan.
- [F3]Units reported are exercisable immediately.
- [F4]Units reported are payable only in cash generally following termination of the reporting person's service as an executive of Target Corporation.