TARGET CORP — Director's Dealing 2010

Aug 26, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TARGET CORP (TGT)
CIK: 0000027419
Period of Report: 2010-08-24

Reporting Person: FRANCIS MICHAEL (Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-08-24	Common Stock	M	37722	$33.8	Acquired	85855	Direct
2010-08-24	Common Stock	S	37722	$51.4225	Disposed	48133	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-08-24	Stock Option	$33.8	M	37722	Disposed	2019-01-14	Common Stock (37722)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	6280.9864	Indirect

Footnotes

F1: Price is the volume weighted average selling price of all sales by the reporting person on the transaction date within a one dollar range. Actual prices ranged from $51.4001 to $51.49. 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 price.

F2: Shares held in the Target Corporation 401(k) Plan based on the plan statement as of June 30, 2010.

F3: Option granted under the Target Corporation Long-Term Incentive Plan.

F4: Option granted on January 14, 2009. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.