TARGET CORP — Director's Dealing 2011

Jul 12, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TARGET CORP (TGT)
CIK: 0000027419
Period of Report: 2011-07-08

Reporting Person: Ward Laysha (Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-07-08	Common Stock	M	1839.0000	$40.8000	Acquired	6394.0000	Direct
2011-07-08	Common Stock	S	1839.0000	$51.0200	Disposed	4555.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-07-08	Stock Option	$40.8000	M	1839.0000	Disposed	2012-01-09	Common Stock (1839.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2887.4176	Indirect

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: Shares held in the Target Corporation 401(k) Plan based on the plan statement as of June 30, 2011.

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