TARGET CORP — Director's Dealing 2010

Jul 27, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TARGET CORP (TGT)
CIK: 0000027419
Period of Report: 2010-07-23

Reporting Person: Risch Troy H (Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-07-23	Common Stock	M	4576	$38.25	Acquired	41303	Direct
2010-07-23	Common Stock	M	4290	$40.8	Acquired	45593	Direct
2010-07-23	Common Stock	S	8866	$51.2784	Disposed	36727	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-07-23	Stock Option	$40.8	M	4290	Disposed	2012-01-09	Common Stock (4290)	Direct
2010-07-23	Stock Option	$38.25	M	4576	Disposed	2014-01-14	Common Stock (4576)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	832.7463	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 within a one dollar range. Actual prices ranged from $51.2661 to $51.29. 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.

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

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

F5: Option granted on January 9, 2002. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.

F6: Option granted on January 14, 2004. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.