TARGET CORP — Director's Dealing 2007

Jul 16, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TARGET CORP (TGT)
CIK: 0000027419
Period of Report: 2007-07-12

Reporting Person: KOVACEVICH RICHARD M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-07-12	Common Stock	S	16000	$68.85	Disposed	59552	Direct
2007-07-13	Common Stock	M	8864	$33.8512	Acquired	68416	Direct
2007-07-13	Common Stock	F	4295	$69.86	Disposed	64121	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-07-13	Stock Option	$33.8512	M	8864	Disposed	2010-01-12	Common Stock (8864)	Direct

Footnotes

F1: Price is the weighted average selling price of all sales by the reporting person on the transaction date. The range of selling prices was $67.75 to $69.90 per share.

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