TARGET CORP — Director's Dealing 2010

Dec 6, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TARGET CORP (TGT)
CIK: 0000027419
Period of Report: 2010-12-02

Reporting Person: SCOVANNER DOUGLAS A (Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-12-02	Common Stock	M	110295.0000	$40.8000	Acquired	211158.0000	Direct
2010-12-02	Common Stock	M	96663.0000	$30.2600	Acquired	307821.0000	Direct
2010-12-02	Common Stock	S	206958.0000	$58.2439	Disposed	100863.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-12-02	Stock Option	$30.2600	M	96663.0000	Disposed	2013-01-08	Common Stock (96663.0000)	Direct
2010-12-02	Stock Option	$40.8000	M	110295.0000	Disposed	2012-01-09	Common Stock (110295.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	8686.9759	Indirect
Common Stock	2250.0000	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: Price is the volume weighted average selling price of all sales by the reporting person on the transaction date occurring within a one dollar range. Actual prices ranged from $57.80 to $58.745. The reporting person hereby undertakes to provide upon request of the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate place.

F3: Shares held in the Target Corporation 401(k) Plan based on the plan statement as of September 30, 2010.

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

F5: Option granted on January 8, 2003. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.

F6: Option granted on January 9, 2002. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.