TARGET CORP — Director's Dealing 2011

Sep 19, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TARGET CORP (TGT)
CIK: 0000027419
Period of Report: 2011-09-16

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-09-16	Common Stock	M	4000.0000	$30.2600	Acquired	13743.0000	Direct
2011-09-16	Common Stock	S	4000.0000	$52.9803	Disposed	9743.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-09-16	Stock Option	$30.2600	M	4000.0000	Disposed	2013-01-08	Common Stock (4000.0000)	Direct

Footnotes

F1: 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.

F2: 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 $52.9801 to $52.9826. The reporting person hereby undertakes to provide upon request of the Commission staff, the issuer, or a secruity holder of the issuer, full information regarding the number of shares sold at each separate price.

F3: Option granted under the Target Corporation Long-Term Incentive Plan of 1999.