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: KOVACEVICH RICHARD M (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-01-14	Stock Option	$33.8	A	19498	Acquired	2019-01-14	Common Stock (19498)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	55618	Direct
Common Stock	10000	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. Amounts also reflect transfers from direct to indirect ownership since the reporting person's last filing.

F2: Option granted under the Target Corporation Long-Term Incentive Plan.