TARGET CORP — Director's Dealing 2012

Oct 26, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TARGET CORP (TGT)
CIK: 0000027419
Period of Report: 2012-10-24

Reporting Person: Scully Terrence J (Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-10-24	Common Stock	M	40462.0000	$49.4300	Acquired	78433.0000	Direct
2012-10-24	Common Stock	M	16568.0000	$45.2700	Acquired	95001.0000	Direct
2012-10-24	Common Stock	S	57030.0000	$62.8440	Disposed	37971.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-10-24	Stock Option	$49.4300	M	40462.0000	Disposed	2015-01-12	Common Stock (40462.0000)	Direct
2012-10-24	Stock Option	$45.2700	M	16568.0000	Disposed	2014-06-04	Common Stock (16568.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	30356.8148	Indirect

Footnotes

F1: Includes dividend equivalents paid on restricted stock units since the date of the reporting person's last filing through the date of the reported transaction 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 $62.77 to $62.892. 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.

F3: Shares held in the Target Corporation 401(k) Plan based on the plan statement as of September 28, 2012.

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

F5: Option granted on January 12, 2005. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.

F6: Option granted on June 4, 2004. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.