TARGET CORP — Director's Dealing 2010

Jan 15, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TARGET CORP (TGT)
CIK: 0000027419
Period of Report: 2010-01-13

Reporting Person: Jacob Beth M (Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-01-13	Common Stock	A	11385	—	Acquired	24932	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-01-13	Stock Option	$49.41	A	58533	Acquired	2020-01-13	Common Stock (58533)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1888.9532	Indirect

Footnotes

F1: Award of restricted stock units pursuant to the Target Corporation Long-Term Incentive Plan.

F2: 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.

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 vests and becomes exercisable in 25% increments on each anniversary of the grant date.