TARGET CORP — Director's Dealing 2011

Nov 21, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TARGET CORP (TGT)
CIK: 0000027419
Period of Report: 2011-11-17

Reporting Person: JOHNSON JAMES A /DC/ (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-11-17	Common Stock	M	9804.0000	$40.8000	Acquired	19547.0000	Direct
2011-11-17	Common Stock	S	9804.0000	$53.3499	Disposed	9743.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-11-17	Stock Option	$40.8000	M	9804.0000	Disposed	2012-01-09	Common Stock (9804.0000)	Direct

Footnotes

F1: 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 $53.34 to $53.35. 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: Option granted under the Target Corporation Long-Term Incentive Plan.