TARGET CORP — Director's Dealing 2009

Jan 16, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TARGET CORP (TGT)
CIK: 0000027419
Period of Report: 2009-01-14

Reporting Person: Scully Terrence J (Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-01-14	Common Stock	A	14793	—	Acquired	24636	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-01-14	Stock Option	$33.8	A	79882	Acquired	2019-01-14	Common Stock (79882)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	27330.812	Indirect

Footnotes

F1: Award of restricted stock units pursuant to the Target Corporation Long-Term Incentive Plan.

F2: Shares held in the Target Corporation 401(k) Plan based on the plan statement as of December 31, 2008.

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.