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TARGET CORP Director's Dealing 2009

Jan 16, 2009

30059_dirs_2009-01-16_55e92285-8811-4a0c-9cff-9f683afd3c88.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: 2009-01-14

Reporting Person: Risch Troy H (Executive Officer)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2009-01-14 Common Stock A 22190 Acquired 27114 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2009-01-14 Stock Option $33.8 A 118344 Acquired 2019-01-14 Common Stock (118344) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 239.0578 Indirect

Footnotes

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

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 December 31, 2008.

F4: Option granted under the Target Corporation Long-Term Incentive Plan.

F5: Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.