TARGET CORP — Director's Dealing 2010

Jul 20, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TARGET CORP (TGT)
CIK: 0000027419
Period of Report: 2010-07-16

Reporting Person: FRANCIS MICHAEL (Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-07-16	Common Stock	M	61275	$40.8	Acquired	109408	Direct
2010-07-16	Common Stock	M	54249	$38.25	Acquired	163657	Direct
2010-07-16	Common Stock	S	115524	$50.27	Disposed	48133	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-07-16	Stock Option	$40.8	M	61275	Disposed	2012-01-09	Common Stock (61275)	Direct
2010-07-16	Stock Option	$38.25	M	54249	Disposed	2014-01-14	Common Stock (54249)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	6280.9864	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: 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 9, 2002. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.

F5: Option granted on January 14, 2004. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.