Unregistered Sales of Equity Securities and Use of Proceeds
−Removed: On September 20, 2016, our Board of Directors authorized a $5 billion share repurchase program (2016 Program).
−Removed: On September 19, 2019, our Board of Directors authorized a new $5 billion share repurchase program (2019 Program).
−Removed: We began repurchasing shares under the 2019 Program during the first quarter of 2020 upon completion of the 2016 Program.
−Removed: There is no stated expiration for the share repurchase programs.
−Removed: Under the 2016 Program, we repurchased 65.6 million shares of common stock, at an average price of $76.20, for a total investment of $5.0 billion.
−Removed: Under the 2019 Program, we had repurchased 4.6 million shares of common stock through May 2, 2020, at an average price of $105.80, for a total investment of $484 million.
−Removed: In March 2020, we suspended share repurchase activity.
−Removed: The table below presents information with respect to Target common stock purchases made during the three months ended May 2, 2020, by Target or any "affiliated purchaser" of Target, as defined in Rule 10b-18(a)(3) under the Exchange Act.
−Removed: Share Repurchase Activity Total Number
−Removed: Purchased Average
−Removed: Share Total Number of
−Removed: Shares Purchased
−Removed: as Part of Publicly Announced Programs Dollar Value of
−Removed: Shares that May
−Removed: Yet Be Purchased
−Removed: Under Publicly Announced Programs
−Removed: February 2, 2020 through February 29, 2020
−Removed: Open market and privately negotiated purchases
−Removed: 2,407,239 $ 115.82 2,407,239 $ 4,845,973,069
−Removed: March 1, 2020 through April 4, 2020
−Removed: Open market and privately negotiated purchases
−Removed: 3,249,973 101.48 3,249,973 4,516,156,869
−Removed: April 5, 2020 through May 2, 2020
−Removed: Open market and privately negotiated purchases
−Removed: — — — 4,516,156,869
−Removed: Total 5,657,212 $ 107.58 5,657,212 $ 4,516,156,869
+Added: On September 19, 2019, our Board of Directors authorized a $5 billion share repurchase program with no stated expiration.
+Added: We began repurchasing shares under the authorization during the first quarter of 2020, prior to suspending share repurchase activity in March 2020.
+Added: Under the program, we have repurchased 4.6 million shares of common stock at an average price of $105.80, for a total investment of $484 million.
+Added: As of August 1, 2020, the dollar value of shares that may yet be purchased under the program is $4.5 billion.
+Added: There were no Target common stock purchases made during the three months ended August 1, 2020, by Target or any "affiliated purchaser" of Target, as defined in Rule 10b-18(a)(3) under the Exchange Act.
Defaults Upon Senior Securities
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