TARGET CORP — Director's Dealing 2009

Aug 12, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TARGET CORP (TGT)
CIK: 0000027419
Period of Report: 2009-08-10

Reporting Person: Baer Timothy R (Executive Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-08-10	Stock Option	$42.05	A	23782	Acquired	2019-08-10	Common Stock (23782)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	38310	Direct
Common Stock	764.4016	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: Shares held in the Target Corporation 401(k) Plan based on the plan statement as of June 30, 2009.

F3: Option granted under the Target Corporation Long-Term Incentive Plan.

F4: Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.