TARGET CORP — Director's Dealing 2011

Jan 14, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TARGET CORP (TGT)
CIK: 0000027419
Period of Report: 2011-01-12

Reporting Person: Jacob Beth M (Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-12	Common Stock	A	11270.0000	$0.0000	Acquired	36591.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-01-12	Stock Option	$55.4600	A	64202.0000	Acquired	2021-01-12	Common Stock (64202.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2145.1965	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, 2010.

F4: Option granted under the Target Corporation Long-Term Incentive Plan.

F5: Option granted on January 12, 2011. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.