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: 2007-07-06

Reporting Person: GRIFFITH JOHN D (Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-07-06	Common Stock	M	29542	$33.8512	Acquired	50266	Direct
2007-07-06	Common Stock	S	29542	$67.0707	Disposed	20724	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-07-06	Stock Option	$33.8512	M	29542	Disposed	2010-01-12	Common Stock (29542)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3978.0865	Indirect

Footnotes

F1: Includes dividend equivalents paid on restricted stock units since the date of the reporting person's last filing that have been reinvested in additional restricted stock units.

F2: Price is the weighted average selling price of all sales by the reporting person on the transaction date. The range of selling prices was $67.02 to $67.13 per share.

F3: Shares held in the Target Corporation 401(k) Plan based on the plan statement as of March 31, 2007.

F4: Option granted on January 12, 2000. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.