TARGET CORP — Director's Dealing 2015

Mar 27, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TARGET CORP (TGT)
CIK: 0000027419
Period of Report: 2015-03-25

Reporting Person: Baer Timothy R (Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-03-25	Common Stock	M	50000.0000	$33.8000	Acquired	80537.0000	Direct
2015-03-25	Common Stock	M	48166.0000	$53.9800	Acquired	128703.0000	Direct
2015-03-25	Common Stock	S	98166.0000	$81.6882	Disposed	30537.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-03-25	Stock Option	$53.9800	M	48166.0000	Disposed	2016-01-11	Common Stock (48166.0000)	Direct
2015-03-25	Stock Option	$33.8000	M	50000.0000	Disposed	2019-01-14	Common Stock (50000.0000)	Direct

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 $81.50 to $82.01. 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: Option granted under the Target Corporation Long-Term Incentive Plan.

F3: Option granted on January 11, 2006. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.

F4: Option granted on January 14, 2009. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.