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TARGET CORP Director's Dealing 2005

Nov 3, 2005

30059_dirs_2005-11-03_867a96f2-2f31-4e95-a4cd-d40344517baf.zip

Director's Dealing

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SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: TARGET CORP (TGT)
CIK: 0000027419
Period of Report: 2005-10-25

Reporting Person: Schalk Janet M (Executive Officer)

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock, $.0833 per share 3996.634 Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Stock Option $26.3438 2009-01-13 Common Stock (1898.0000) Direct
Stock Option $33.8512 2010-01-12 Common Stock (2956.0000) Direct
Stock Option $33.9956 2011-01-10 Common Stock (4413.0000) Direct
Stock Option $40.8000 2012-01-09 Common Stock (3677.0000) Direct
Stock Option $33.8400 2012-09-04 Common Stock (2956.0000) Direct
Stock Option $30.2600 2013-01-08 Common Stock (3305.0000) Direct
Stock Option $38.2500 2014-01-14 Common Stock (3922.0000) Direct
Stock Option $49.4300 2015-01-12 Common Stock (7890.0000) Direct
Stock Option $55.5400 2015-08-29 Common Stock (18006.0000) Direct

Footnotes

F1: Shares held in the Target Corporation 401(k) Plan (the "401(k) Plan") as of October 25, 2005.

F2: Option granted under the Target Corporation Long-Term Incentive Plan of 1981 in a transaction exempt under Rule 16b-3.

F3: Option granted on January 13, 1999. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.

F4: Option granted under the Target Corporation Long-Term Incentive Plan in a transaction exempt under Rule 16b-3.

F5: Option granted on January 12, 2000. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.

F6: Option granted on January 10, 2001. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.

F7: Option granted on January 9, 2002. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.

F8: Option granted on September 4, 2002. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.

F9: Option granted on January 8, 2003. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.

F10: Option granted on January 14, 2004. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.

F11: Option granted on January 12, 2005. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.

F12: Option granted on August 29, 2005. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.