TARGET CORP — Director's Dealing 2012

Aug 20, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TARGET CORP (TGT)
CIK: 0000027419
Period of Report: 2012-08-17

Reporting Person: Mulligan John J (Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-08-17	Common Stock	M	2238.0000	$44.6900	Acquired	23915.0000	Direct
2012-08-17	Common Stock	S	2238.0000	$64.0001	Disposed	21677.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-08-17	Stock Option	$44.6900	M	2238.0000	Disposed	2014-09-01	Common Stock (2238.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	6419.8496	Indirect

Footnotes

F1: 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 $64.00 to $64.001. 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.

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

F3: Option granted on September 1, 2004. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.