TARGET CORP — Director's Dealing 2011

Nov 22, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TARGET CORP (TGT)
CIK: 0000027419
Period of Report: 2011-11-18

Reporting Person: Baer Timothy R (Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-11-18	Common Stock	M	6128.0000	$40.8000	Acquired	58654.0000	Direct
2011-11-18	Common Stock	S	6128.0000	$53.0000	Disposed	52526.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-11-18	Stock Option	$40.8000	M	6128.0000	Disposed	2012-01-09	Common Stock (6128.0000)	Direct

Footnotes

F1: Includes dividend equivalents paid on restricted stock units and deferred performance share units since the date of the reporting person's last filing that have been reinvested in additional restricted stock units and deferred performance share units.

F2: Option granted under the Target Corporation Long-Term Incentive Plan.

F3: Option granted on January 9, 2002. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.