TARGET CORP — Director's Dealing 2012

Jan 14, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TARGET CORP (TGT)
CIK: 0000027419
Period of Report: 2012-01-11

Reporting Person: Tesija Kathryn A (Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-01-11	Common Stock	A	23016.0000	$0.0000	Acquired	165942.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-01-11	Stock Option	$48.8800	A	178998.0000	Acquired	2022-01-11	Common Stock (178998.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3974.6670	Indirect

Footnotes

F1: Award of restricted stock units pursuant to the Target Corporation 2011 Long-Term Incentive Plan.

F2: Includes dividend equivalents paid on restricted stock units and deferred performance share units since the date of the reporting person's last filing that have been reinvested in additional restricted stock units and deferred performance share units.

F3: Shares held in the Target Corporation 401(k) Plan based on the plan statement as of December 30, 2011.

F4: Option granted under the Target Corporation 2011 Long-Term Incentive Plan.

F5: Option granted on January 11, 2012. Option becomes exercisable in 25% increments on each anniversary of the grant date.