TARGET CORP — Director's Dealing 2007

Jul 10, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TARGET CORP (TGT)
CIK: 0000027419
Period of Report: 2007-07-09

Reporting Person: SANGER STEPHEN W (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-07-09	Common Stock	M	4692	$21.3204	Acquired	27662	Direct
2007-07-09	Common Stock	F	1494	$66.93	Disposed	26168	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-07-09	Stock Option	$21.3204	M	4692	Disposed	2008-04-08	Common Stock (4692)	Direct

Footnotes

F1: Option granted under the Director Stock Option Plan of 1995 in a transaction exempt under Rule 16b-3.