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TARGET CORP Director's Dealing 2005

Oct 14, 2005

30059_dirs_2005-10-14_639a08a0-62c4-4c37-927e-5ee25fd01e92.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TARGET CORP (TGT)
CIK: 0000027419
Period of Report: 2005-10-12

Reporting Person: STORCH GERALD L (Executive Officer)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2005-10-12 Common Stock, $.0833 per share M 187000 $21.4063 Acquired 249798.0000 Direct
2005-10-12 Common Stock, $.0833 per share S 187000 $51.3600 Disposed 62798.0000 Direct
2005-10-12 Common Stock, $.0833 per share M 132860 $26.3438 Acquired 195658.0000 Direct
2005-10-12 Common Stock, $.0833 per share S 132860 $51.3600 Disposed 62798.0000 Direct
2005-10-12 Common Stock, $.0833 per share M 118166 $33.8512 Acquired 180964.0000 Direct
2005-10-12 Common Stock, $.0833 per share S 118166 $51.3600 Disposed 62798.0000 Direct
2005-10-13 Common Stock, $.0833 per share M 102397 $29.2979 Acquired 165195.0000 Direct
2005-10-13 Common Stock, $.0833 per share S 102397 $52.0400 Disposed 62798.0000 Direct
2005-10-13 Common Stock, $.0833 per share M 147078 $33.9956 Acquired 209876.0000 Direct
2005-10-13 Common Stock, $.0833 per share S 147078 $52.0400 Disposed 62798.0000 Direct
2005-10-13 Common Stock, $.0833 per share M 137868 $40.8000 Acquired 200666.0000 Direct
2005-10-13 Common Stock, $.0833 per share S 137868 $52.0400 Disposed 62798.0000 Direct
2005-10-13 Common Stock, $.0833 per share M 85922 $30.2600 Acquired 148720.0000 Direct
2005-10-13 Common Stock, $.0833 per share S 85922 $52.0400 Disposed 62798.0000 Direct
2005-10-13 Common Stock, $.0833 per share M 25327 $38.2500 Acquired 88125.0000 Direct
2005-10-13 Common Stock, $.0833 per share S 25327 $52.0400 Disposed 62798.0000 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2005-10-12 Stock Option $21.4063 M 187000 Disposed 2008-05-11 Common Stock (187000.0000) Direct
2005-10-12 Stock Option $26.3438 M 132860 Disposed 2009-01-13 Common Stock (132860.0000) Direct
2005-10-12 Stock Option $33.8512 M 118166 Disposed 2010-01-12 Common Stock (118166.0000) Direct
2005-10-13 Stock Option $29.2979 M 102397 Disposed 2003-11-27 Common Stock (102397.0000) Direct
2005-10-13 Stock Option $33.9956 M 147078 Disposed 2011-01-10 Common Stock (147078.0000) Direct
2005-10-13 Stock Option $40.8000 M 137868 Disposed 2012-01-09 Common Stock (137868.0000) Direct
2005-10-13 Stock Option $30.2600 M 85922 Disposed 2013-01-08 Common Stock (85922.0000) Direct
2005-10-13 Stock Option $38.2500 M 25327 Disposed 2014-01-14 Common Stock (25327.0000) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock, $.0833 per share 9098.9212 Indirect

Footnotes

F1: Price is the weighted average selling price of all sales by the reporting person on the transaction date.

F2: Shares held in the Target Corporation 401(k) Plan (the "401(k) Plan") as of the quarter ended April 30, 2005, subject to adjustments.

F3: Option granted under the Target Corporation Long-Term Incentive Plan of 1981 in a transaction exempt under Rule 16b-3.

F4: Option granted on May 11, 1998. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.

F5: Option granted on January 13, 1999. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.

F6: Option granted under the Target Corporation Long-Term Incentive Plan in a transaction exempt under Rule 16b-3.

F7: Option granted on January 12, 2000. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.

F8: Option granted on November 27, 2000. Option vests on the third anniversary of the grant date.

F9: Option granted on January 10, 2001. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.

F10: Option granted on January 9, 2002. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.

F11: Option granted on January 8, 2003. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.

F12: Option granted on January 14, 2004. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.