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TARGET CORP Director's Dealing 2008

Dec 22, 2008

30059_dirs_2008-12-22_a2c52b8f-dc25-4ca3-9286-c3ec06d97820.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: 2008-12-19

Reporting Person: TRUJILLO SOLOMON D (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2008-12-19 Common Stock M 5694 $26.3438 Acquired 43736 Direct
2008-12-19 Common Stock F 4322 $34.74 Disposed 39414 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2008-12-19 Stock Option $26.3438 M 5694 Disposed 2009-01-13 Common Stock (5694) Direct

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