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TARGET CORP Director's Dealing 2009

Nov 30, 2009

30059_dirs_2009-11-30_3a736da2-381d-4b13-b00c-7bc1017d76cf.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: 2009-11-25

Reporting Person: Tesija Kathryn A (Executive Officer)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2009-11-25 Common Stock P 7000 $47.974 Acquired 59548 Direct
2009-11-25 Common Stock M 6367 $33.9956 Acquired 65915 Direct
2009-11-25 Common Stock M 4902 $38.25 Acquired 70817 Direct
2009-11-25 Common Stock M 3185 $30.26 Acquired 74002 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2009-11-25 Stock Option $33.9956 M 6367 Disposed 2011-01-10 Common Stock (6367) Direct
2009-11-25 Stock Option $30.26 M 3185 Disposed 2013-01-08 Common Stock (3185) Direct
2009-11-25 Stock Option $38.25 M 4902 Disposed 2014-01-14 Common Stock (4902) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 3264.9612 Indirect

Footnotes

F1: Price is the volume weighted average purchase price of all purchases by the reporting person on the transaction date. Actual prices ranged from $47.9675 to $47.98. The reporting person hereby undertakes to provide upon request of the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased at each separate price.

F2: 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.

F3: Shares held in the Target Corporation 401(k) Plan based on the plan statement as of September 30, 2009.

F4: Option granted on January 10, 2001. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.

F5: Option granted on January 8, 2003. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.

F6: Option granted on January 14, 2004. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.