TARGET CORP — Director's Dealing 2010

Mar 9, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: SCOVANNER DOUGLAS A (Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-03-08	Common Stock	M	40124	$33.9956	Acquired	163159	Direct
2010-03-08	Common Stock	S	40124	$53.55	Disposed	123035	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-03-08	Stock Option	$33.9956	M	40124	Disposed	2011-01-10	Common Stock (40124)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	8384.9245	Indirect
Common Stock	2250	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 $53.55 to $53.57. 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 December 31, 2009.

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

F4: Option granted on January 10, 2001. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.