TARGET CORP — Director's Dealing 2014

Sep 18, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TARGET CORP (TGT)
CIK: 0000027419
Period of Report: 2014-09-16

Reporting Person: Kozlak Jodee A (Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-09-16	Common Stock	M	33576.0000	$55.1000	Acquired	80534.0000	Direct
2014-09-16	Common Stock	M	13895.0000	$53.9800	Acquired	94429.0000	Direct
2014-09-16	Common Stock	S	60385.0000	$62.4316	Disposed	34044.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-09-16	Stock Option	$53.9800	M	13895.0000	Disposed	2016-01-11	Common Stock (13895.0000)	Direct
2014-09-16	Stock Option	$55.1000	M	33576.0000	Disposed	2016-02-06	Common Stock (33576.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	5260.8050	Indirect

Footnotes

F1: Includes dividend equivalents paid on restricted stock units and performance-based restricted share units since the date of the reporting person's last filing through the date of the reported transaction that have been reinvested in additional restricted stock units and performance-based restricted share units.

F2: Shares held in the Target Corporation 401(k) Plan based on the plan statement as of June 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.

F5: Option granted on February 6, 2006. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.