TARGET CORP — Director's Dealing 2012

Feb 28, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TARGET CORP (TGT)
CIK: 0000027419
Period of Report: 2012-02-24

Reporting Person: Ward Laysha (Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-02-24	Common Stock	M	3305.0000	$30.2600	Acquired	15586.0000	Direct
2012-02-24	Common Stock	M	2956.0000	$33.8400	Acquired	18542.0000	Direct
2012-02-24	Common Stock	S	6261.0000	$55.2135	Disposed	12281.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-02-24	Stock Option	$30.2600	M	3305.0000	Disposed	2013-01-08	Common Stock (3305.0000)	Direct
2012-02-24	Stock Option	$33.8400	M	2956.0000	Disposed	2012-09-04	Common Stock (2956.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2915.6195	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 $55.21 to $55.215. 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: Shares held in the Target Corporation 401(k) Plan based on the plan statement as of December 30, 2011.

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

F4: Option granted on January 8, 2003. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.

F5: Option granted on September 4, 2002. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.