TARGET CORP — Director's Dealing 2013

Mar 27, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TARGET CORP (TGT)
CIK: 0000027419
Period of Report: 2013-03-25

Reporting Person: STEINHAFEL GREGG W (Director, Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-03-25	Common Stock	M	159884.0000	$48.1600	Acquired	468150.0000	Direct
2013-03-25	Common Stock	M	101154.0000	$49.4300	Acquired	569304.0000	Direct
2013-03-25	Common Stock	S	301638.0000	$68.3880	Disposed	267666.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-03-25	Stock Option	$49.4300	M	101154.0000	Disposed	2015-01-12	Common Stock (101154.0000)	Direct
2013-03-25	Stock Option	$48.1600	M	159884.0000	Disposed	2016-06-14	Common Stock (159884.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	87710.2468	Indirect
Common Stock	242151.0000	Indirect
Common Stock	39750.0000	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 $68.20 to $68.79. 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 31, 2012.

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

F4: Option granted on January 12, 2005. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.

F5: Option granted on June 14, 2006. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.