-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Uj4eewMmFP1gaS2UorwXxhtaX/Ii+eLn1kB8Cs3BkQ5MABT5Tc2wxZX32GkgkewS lle03q1GFgfql9a9cep4Ug== 0000950123-09-033130.txt : 20090811 0000950123-09-033130.hdr.sgml : 20090811 20090810183722 ACCESSION NUMBER: 0000950123-09-033130 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20090811 DATE AS OF CHANGE: 20090810 GROUP MEMBERS: PERSHING SQUARE GP, LLC GROUP MEMBERS: PERSHING SQUARE HOLDINGS GP, LLC GROUP MEMBERS: PS MANAGEMENT GP, LLC GROUP MEMBERS: WILLIAM A. ACKMAN SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TARGET CORP CENTRAL INDEX KEY: 0000027419 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-VARIETY STORES [5331] IRS NUMBER: 410215170 STATE OF INCORPORATION: MN FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-11648 FILM NUMBER: 091001399 BUSINESS ADDRESS: STREET 1: 1000 NICOLLET MALL CITY: MINNEAPOLIS STATE: MN ZIP: 55403 BUSINESS PHONE: 6123046073 MAIL ADDRESS: STREET 1: 1000 NICOLLET MALL CITY: MINNEAPOLIS STATE: MN ZIP: 55403 FORMER COMPANY: FORMER CONFORMED NAME: DAYTON HUDSON CORP DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: DAYTON CORP DATE OF NAME CHANGE: 19690728 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Pershing Square Capital Management, L.P. CENTRAL INDEX KEY: 0001336528 IRS NUMBER: 383694136 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 888 SEVENTH AVENUE STREET 2: 29TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 212-813-3700 MAIL ADDRESS: STREET 1: 888 SEVENTH AVENUE STREET 2: 29TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 SC 13D/A 1 y02093sc13dza.htm SC 13D/A sc13dza
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 9)*
Target Corporation
(Name of Issuer)
Common Stock
(Title of Class of Securities)
87612E106
(CUSIP Number)
Roy J. Katzovicz, Esq.
Pershing Square Capital Management, L.P.
888 Seventh Avenue, 42nd Floor
New York, NY 10019
212-813-3700
with a copy to:
Stephen Fraidin, Esq.
Andrew E. Nagel, Esq.
Kirkland & Ellis LLP
153 East 53rd Street
New York, New York 10022
212-446-4800
August 7, 2009
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box. o
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.
* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
 
 

 


 

                     
CUSIP No.
 
87612E106 
Schedule 13D/A Page  
  of   
8 Pages 

 

           
1   NAMES OF REPORTING PERSONS / I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)

Pershing Square Capital Management, L.P.
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   þ 
  (b)   o 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS (SEE INSTRUCTIONS)
   
  OO
     
5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Delaware
       
  7   SOLE VOTING POWER
     
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
  0
     
8   SHARED VOTING POWER
   
  32,994,586
     
9   SOLE DISPOSITIVE POWER
   
  0
     
10   SHARED DISPOSITIVE POWER
     
    32,994,586
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  32,994,586
     
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
   
  4.4% 1
     
14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  IA
1   Calculated based on 752,279,589 shares of the common stock, par value $0.0833, of Target Corporation outstanding as of June 3, 2009, as reported in Target Corporation’s quarterly report on Form 10-Q filed on June 5, 2009.


 

                     
CUSIP No.
 
87612E106 
Schedule 13D/A Page  
  of   
8 Pages 

 

           
1   NAMES OF REPORTING PERSONS / I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)

PS Management GP, LLC
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   þ 
  (b)   o 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS (SEE INSTRUCTIONS)
   
  OO
     
5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Delaware
       
  7   SOLE VOTING POWER
     
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
  0
     
8   SHARED VOTING POWER
   
  32,994,586
     
9   SOLE DISPOSITIVE POWER
   
  0
     
10   SHARED DISPOSITIVE POWER
     
    32,994,586
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  32,994,586
     
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
   
  4.4% 2
     
14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  OO
2   Calculated based on 752,279,589 shares of the common stock, par value $0.0833, of Target Corporation outstanding as of June 3, 2009, as reported in Target Corporation’s quarterly report on Form 10-Q filed on June 5, 2009.


 

                     
CUSIP No.
 
87612E106 
Schedule 13D/A Page  
  of   
8 Pages 

 

           
1   NAMES OF REPORTING PERSONS / I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)

Pershing Square GP, LLC
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   þ 
  (b)   o 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS (SEE INSTRUCTIONS)
   
  OO
     
5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Delaware
       
  7   SOLE VOTING POWER
     
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
  0
     
8   SHARED VOTING POWER
   
  7,567,330
     
9   SOLE DISPOSITIVE POWER
   
  0
     
10   SHARED DISPOSITIVE POWER
     
    7,567,330
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  7,567,330
     
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
   
  1.0% 3
     
14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  IA
3   Calculated based on 752,279,589 shares of the common stock, par value $0.0833, of Target Corporation outstanding as of June 3, 2009, as reported in Target Corporation’s quarterly report on Form 10-Q filed on June 5, 2009.


 

                     
CUSIP No.
 
87612E106 
Schedule 13D/A Page  
  of   
8 Pages 

 

           
1   NAMES OF REPORTING PERSONS / I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)

Pershing Square Holdings GP, LLC
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   þ 
  (b)   o 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS (SEE INSTRUCTIONS)
   
  OO
     
5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Delaware
       
  7   SOLE VOTING POWER
     
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
  0
     
8   SHARED VOTING POWER
   
  4,764,034
     
9   SOLE DISPOSITIVE POWER
   
  0
     
10   SHARED DISPOSITIVE POWER
     
    4,764,034
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  4,764,034
     
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
   
  0.6% 4
     
14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  IA
4   Calculated based on 752,279,589 shares of the common stock, par value $0.0833, of Target Corporation outstanding as of June 3, 2009, as reported in Target Corporation’s quarterly report on Form 10-Q filed on June 5, 2009.


 

                     
CUSIP No.
 
87612E106 
Schedule 13D/A Page  
  of   
8 Pages 

 

           
1   NAMES OF REPORTING PERSONS / I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)

William A. Ackman
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   þ 
  (b)   o 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS (SEE INSTRUCTIONS)
   
  OO
     
5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  United States
       
  7   SOLE VOTING POWER
     
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
  0
     
8   SHARED VOTING POWER
   
  32,994,586
     
9   SOLE DISPOSITIVE POWER
   
  0
     
10   SHARED DISPOSITIVE POWER
     
    32,994,586
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  32,994,586
     
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
   
  4.4% 5
     
14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  IN
5   Calculated based on 752,279,589 shares of the common stock, par value $0.0833, of Target Corporation outstanding as of June 3, 2009, as reported in Target Corporation’s quarterly report on Form 10-Q filed on June 5, 2009.


 

                     
CUSIP No.
 
87612E106 
Schedule 13D/A Page  
  of   
8 Pages
     Item 1. Security and Issuer.
     This Amendment No. 9 to Schedule 13D (this “Amendment No. 9”) amends and supplements the statement on Schedule 13D originally filed on July 16, 2007 (the “Original Schedule 13D”), as amended by Amendment No. 1 through Amendment No. 8 (the Original Schedule 13D as amended and supplemented by Amendment No. 1 through Amendment No. 8, the “Schedule 13D”), by (i) Pershing Square Capital Management, L.P., a Delaware limited partnership (“Pershing Square”), (ii) PS Management GP, LLC, a Delaware limited liability company, (iii) Pershing Square GP, LLC, a Delaware limited liability company, (iv) Pershing Square Holdings GP, LLC, a Delaware limited liability company, and (v) William A. Ackman, a citizen of the United States of America (collectively, the “Reporting Persons”), relating to the common stock, par value $0.0833 per share (the “Common Stock”), of Target Corporation, a Minnesota corporation (the “Issuer”, the “Company” or “Target”).
     As of August 7, 2009, as reflected in this Amendment No. 9, the Reporting Persons are reporting beneficial ownership on an aggregate basis of 32,994,586 shares of Common Stock (approximately 4.4% of the outstanding shares of Common Stock), which include shares of Common Stock and shares subject to certain stock-settled American-style call options.
     Item 4. Purpose of Transaction.
     Item 4 of the Schedule 13D is hereby supplemented as follows:
     As of May 26, 2009, the date of the last amendment to this Schedule 13D, the Reporting Persons beneficially owned approximately 7.8% of the then outstanding shares of Common Stock, consisting of 3.3% in shares of Common Stock and 4.5% in stock-settled call options. As a result of the transactions reported in this Amendment No. 9, the Reporting Persons sold options and engaged in net purchases of shares of Common Stock, resulting in a net increase of Common Stock ownership of 0.2% and a decrease of beneficial ownership to 4.4%, consisting of 3.5% in shares of Common Stock and 0.9% in stock-settled call options.
     Item 5. Interests in Securities of the Issuer.
     (a), (b) Based upon the Issuer’s quarterly report on Form 10-Q for the quarterly period ended May 2, 2009, there were 752,279,589 shares of Common Stock outstanding as of June 3, 2009. Based on the foregoing, 32,994,586 shares of Common Stock (which includes Common Stock and physically-settled listed and over-the-counter American-style call options), representing 4.4% of the shares of Common Stock issued and outstanding, are reported on this Amendment No. 9.
     As of the date hereof, none of the Reporting Persons owns any shares of the Common Stock other than as reported herein.
     Item 5(c) of the Schedule 13D is hereby amended and restated as follows:
     (c) See the trading data for the last 60 days attached hereto as Exhibit 99.1. Exhibit 99.1 is incorporated by reference into this Item 5(c) as if set out herein in full.
     Except as set forth in Exhibit 99.1 attached hereto, within the last 60 days, no other transaction in shares of the Common Stock or derivative securities were effected by any Reporting Person.
     Item 7. Materials to be filed as Exhibits.
       
  Exhibit 99.1   Trading Data

 


 

                     
CUSIP No.
 
87612E106 
Schedule 13D/A Page  
  of   
8 Pages
SIGNATURES
     After reasonable inquiry and to the best of each of the undersigned’s knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Date: August 10, 2009
             
    PERSHING SQUARE CAPITAL MANAGEMENT, L.P.    
 
           
 
  By:   PS Management GP, LLC,
 
its General Partner
   
 
           
 
  By:
Name:
  /s/ William A. Ackman
 
William A. Ackman
   
 
      Managing Member    
 
           
    PS MANAGEMENT GP, LLC    
 
           
 
  By:
Name:
  /s/ William A. Ackman
 
William A. Ackman
   
 
      Managing Member    
 
           
    PERSHING SQUARE GP, LLC    
 
           
 
  By:
Name:
  /s/ William A. Ackman
 
William A. Ackman
   
 
      Managing Member    
 
           
    PERSHING SQUARE HOLDINGS GP, LLC    
 
           
 
  By:
Name:
  /s/ William A. Ackman
 
William A. Ackman
   
 
      Managing Member    
 
           
 
  /s/ William A. Ackman    
         
 
  William   A. Ackman    

 

EX-99.1 2 y02093exv99w1.htm EX-99.1 exv99w1
     
Exhibit 99.1
Common Stock
                                     
Name   Buy/Sell   Security   Trade Date   Quantity   Trade Amount   Per Share Cost
 
Pershing Square International, Ltd.
  SL   Common Stock   7/1/2009     146,380     $ 5,758,412     $ 39.34  
Pershing Square International, Ltd.
  SL   Common Stock   7/1/2009     475,739     $ 18,465,525     $ 38.81  
Pershing Square International, Ltd.
  SL   Common Stock   7/1/2009     365,950     $ 14,373,340     $ 39.28  
Pershing Square International, Ltd.
  SL   Common Stock   7/2/2009     77,019     $ 2,906,507     $ 37.74  
Pershing Square International, Ltd.
  SL   Common Stock   7/2/2009     47,221     $ 1,789,578     $ 37.90  
Pershing Square International, Ltd.
  SL   Common Stock   7/9/2009     385,127     $ 14,911,079     $ 38.72  
Pershing Square International, Ltd.
  SL   Common Stock   7/10/2009     144,804     $ 5,519,106     $ 38.11  
Pershing Square International, Ltd.
  SL   Common Stock   7/10/2009     465,512     $ 17,720,096     $ 38.07  
Pershing Square International, Ltd.
  SL   Common Stock   7/13/2009     256,445     $ 9,791,844     $ 38.18  
Pershing Square International, Ltd.
  SL   Common Stock   7/13/2009     223,433     $ 8,549,756     $ 38.27  
Pershing Square International, Ltd.
  SL   Common Stock   7/13/2009     255,360     $ 9,772,325     $ 38.27  
Pershing Square International, Ltd.
  SL   Common Stock   7/14/2009     233,503     $ 8,968,339     $ 38.41  
Pershing Square International, Ltd.
  SL   Common Stock   7/14/2009     278,020     $ 10,633,603     $ 38.25  
Pershing Square International, Ltd.
  SL   Common Stock   7/15/2009     339,262     $ 13,363,085     $ 39.39  
                                     
Name   Buy/Sell   Security   Trade Date   Quantity   Trade Amount   Per Share Cost
 
Pershing Square, L.P.
  SL   Common Stock   7/1/2009     53,620     $ 2,109,346     $ 39.34  
Pershing Square, L.P.
  SL   Common Stock   7/1/2009     174,261     $ 6,763,837     $ 38.81  
Pershing Square, L.P.
  SL   Common Stock   7/1/2009     134,050     $ 5,265,054     $ 39.28  
Pershing Square, L.P.
  SL   Common Stock   7/9/2009     155,023     $ 6,002,073     $ 38.72  
Pershing Square, L.P.
  SL   Common Stock   7/10/2009     80,396     $ 3,064,239     $ 38.11  
Pershing Square, L.P.
  SL   Common Stock   7/10/2009     258,453     $ 9,838,226     $ 38.07  
Pershing Square, L.P.
  SL   Common Stock   7/13/2009     145,255     $ 5,546,274     $ 38.18  
Pershing Square, L.P.
  SL   Common Stock   7/13/2009     126,567     $ 4,843,139     $ 38.27  
Pershing Square, L.P.
  SL   Common Stock   7/13/2009     144,640     $ 5,535,202     $ 38.27  
Pershing Square, L.P.
  SL   Common Stock   7/14/2009     151,497     $ 5,818,668     $ 38.41  
Pershing Square, L.P.
  SL   Common Stock   7/14/2009     180,380     $ 6,899,105     $ 38.25  
Pershing Square, L.P.
  SL   Common Stock   7/15/2009     202,083     $ 7,959,784     $ 39.39  
                                     
Name   Buy/Sell   Security   Trade Date   Quantity   Trade Amount   Per Share Cost
 
Pershing Square IV Trade-Co, L.P.
  BY   Common Stock   8/7/2009     820,352     $ 35,152,083     $ 42.85  
Pershing Square IV Trade-Co, L.P.
  BY   Common Stock   8/7/2009     731,087     $ 31,327,078     $ 42.85  
                                     
Name   Buy/Sell   Security   Trade Date   Quantity   Trade Amount   Per Share Cost
 
Pershing Square IV-I Trade-Co, L.P.
  BY   Common Stock   8/7/2009     611,809     $ 26,216,016     $ 42.85  
Pershing Square IV-I Trade-Co, L.P.
  BY   Common Stock   8/7/2009     545,237     $ 23,363,405     $ 42.85  
                                     
Name   Buy/Sell   Security   Trade Date   Quantity   Trade Amount   Per Share Cost
 
Pershing Square International IV, Trade-Co, Ltd.
  BY   Common Stock   8/7/2009     375,876     $ 16,106,287     $ 42.85  
Pershing Square International IV, Trade-Co, Ltd.
  BY   Common Stock   8/7/2009     334,976     $ 14,353,722     $ 42.85  
                                     
Name   Buy/Sell   Security   Trade Date   Quantity   Trade Amount   Per Share Cost
 
Pershing Square International IV-I, Trade-Co, Ltd.
  BY   Common Stock   8/7/2009     1,681,818     $ 72,065,901     $ 42.85  
Pershing Square International IV-I, Trade-Co, Ltd.
  BY   Common Stock   8/7/2009     1,498,815     $ 64,224,223     $ 42.85  


 

     
Stock-Settled Options
                                         
Name   Buy/Sell   Security   Trade Date   Quantity   Trade Amount   Expiration Date   Strike Price
 
Pershing Square International, Ltd.
  SS   Stock — Settled OTC Call Option   6/10/2009     1,282,500     $ 7,312,815     January 15, 2010   $ 40.00  
                                         
Name   Buy/Sell   Security   Trade Date   Quantity   Trade Amount   Expiration Date   Strike Price
 
Pershing Square, L.P.
  SS   Stock — Settled OTC Call Option   6/10/2009     645,400     $ 3,680,071     January 15, 2010   $ 40.00  
                                         
Name   Buy/Sell   Security   Trade Date   Quantity   Trade Amount   Expiration Date   Strike Price
 
Pershing Square IV Trade-Co, L.P.
  SL   Stock — Settled OTC Call Option   8/7/2009     2,938,343     $ 36,729,287     January 31, 2011   $ 35.00  
Pershing Square IV Trade-Co, L.P.
  CS   Stock — Settled OTC Call Option   8/7/2009     2,938,343     $ 5,402,437     January 31, 2011   $ 65.00  
Pershing Square IV Trade-Co, L.P.
  SL   Stock — Settled OTC Call Option   8/7/2009     3,290,945     $ 39,491,340     January 14, 2011   $ 35.00  
Pershing Square IV Trade-Co, L.P.
  CS   Stock — Settled OTC Call Option   8/7/2009     3,290,945     $ 4,338,124     January 14, 2011   $ 65.00  
                                         
Name   Buy/Sell   Security   Trade Date Quantity Trade Amount   Expiration Date   Strike Price
 
Pershing Square IV-I Trade-Co, L.P.
  SL   Stock — Settled OTC Call Option   8/7/2009     2,191,385     $ 27,392,312     January 31, 2011   $ 35.00  
Pershing Square IV-I Trade-Co, L.P.
  CS   Stock — Settled OTC Call Option   8/7/2009     2,191,385     $ 4,029,080     January 31, 2011   $ 65.00  
Pershing Square IV-I Trade-Co, L.P.
  SL   Stock — Settled OTC Call Option   8/7/2009     2,454,351     $ 29,452,212     January 14, 2011   $ 35.00  
Pershing Square IV-I Trade-Co, L.P.
  CS   Stock — Settled OTC Call Option   8/7/2009     2,454,351     $ 3,235,325     January 14, 2011   $ 65.00  
                                         
Name   Buy/Sell   Security   Trade Date   Quantity   Trade Amount   Expiration Date   Strike Price
 
Pershing Square International IV, Trade-Co, Ltd.
  SL   Stock — Settled OTC Call Option   8/7/2009     1,346,318     $ 16,828,975     January 31, 2011   $ 35.00  
Pershing Square International IV, Trade-Co, Ltd.
  CS   Stock — Settled OTC Call Option   8/7/2009     1,346,318     $ 2,475,340     January 31, 2011   $ 65.00  
Pershing Square International IV, Trade-Co, Ltd.
  SL   Stock — Settled OTC Call Option   8/7/2009     1,507,876     $ 18,094,512     January 14, 2011   $ 35.00  
Pershing Square International IV, Trade-Co, Ltd.
  CS   Stock — Settled OTC Call Option   8/7/2009     1,507,876     $ 1,987,682     January 14, 2011   $ 65.00  
                                         
Name   Buy/Sell   Security   Trade Date   Quantity   Trade Amount   Expiration Date   Strike Price
 
Pershing Square International IV-I, Trade-Co, Ltd.
  SL   Stock — Settled OTC Call Option   8/7/2009     6,023,954     $ 75,299,424     January 31, 2011   $ 35.00  
Pershing Square International IV-I, Trade-Co, Ltd.
  CS   Stock — Settled OTC Call Option   8/7/2009     6,023,954     $ 11,075,642     January 31, 2011   $ 65.00  
Pershing Square International IV-I, Trade-Co, Ltd.
  SL   Stock — Settled OTC Call Option   8/7/2009     6,746,828     $ 80,961,936     January 14, 2011   $ 35.00  
Pershing Square International IV-I, Trade-Co, Ltd.
  CS   Stock — Settled OTC Call Option   8/7/2009     6,746,828     $ 8,893,669     January 14, 2011   $ 65.00  

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