TARGET CORP — Director's Dealing 2009

Jan 12, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TARGET CORP (TGT)
CIK: 0000027419
Period of Report: 2009-01-09

Reporting Person: SANGER STEPHEN W (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-01-09	Common Stock	M	5694	$26.3438	Acquired	31862	Direct
2009-01-09	Common Stock	F	4179	$35.89	Disposed	27683	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-01-09	Stock Option	$26.3438	M	5694	Disposed	2009-01-13	Common Stock (5694)	Direct

Footnotes

F1: Option granted under the Director Stock Option Plan of 1995 in a transaction exempt under Rule 16b-3.