TARGET CORP — Director's Dealing 2010

Mar 10, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TARGET CORP (TGT)
CIK: 0000027419
Period of Report: 2010-03-08

Reporting Person: Baer Timothy R (Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-03-08	Common Stock	S	9966	$53.3469	Disposed	39986	Direct
2010-03-09	Common Stock	M	8262	$30.26	Acquired	48248	Direct
2010-03-09	Common Stock	M	7354	$33.9956	Acquired	55602	Direct
2010-03-09	Common Stock	S	15616	$53.1272	Disposed	39986	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-03-09	Stock Option	$33.9956	M	7354	Disposed	2011-01-10	Common Stock (7354)	Direct
2010-03-09	Stock Option	$30.26	M	8262	Disposed	2013-01-08	Common Stock (8262)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	773.4125	Indirect

Footnotes

F1: Price is the volume weighted average selling price of all sales by the reporting person on the transaction date. Actual prices ranged from $53.2995 to $53.37. 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: Price is the volume weighted average selling price of all sales by the reporting person on the transaction date. Actual prices ranged from $53.09 to $53.22. 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 December 31, 2009.

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

F5: Option granted on January 10, 2001. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.

F6: Option granted on January 8, 2003. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.