TARGET CORP — Director's Dealing 2014

Nov 25, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TARGET CORP (TGT)
CIK: 0000027419
Period of Report: 2014-11-21

Reporting Person: Ward Laysha (Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-11-21	Common Stock	M	6948.0000	$53.9800	Acquired	28117.0000	Direct
2014-11-21	Common Stock	S	6948.0000	$71.3404	Disposed	21169.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-11-21	Stock Option	$53.9800	M	6948.0000	Disposed	2016-01-11	Common Stock (6948.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3754.2260	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 $71.33 to $71.3625. 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 September 30, 2014.

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

F4: Option granted on January 11, 2006. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.