TARGET CORP — Director's Dealing 2015

Mar 25, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TARGET CORP (TGT)
CIK: 0000027419
Period of Report: 2015-03-20

Reporting Person: Casey L. Carl (Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-03-20	Common Stock	M	9944.0000	$48.8800	Acquired	26992.0000	Direct
2015-03-20	Common Stock	M	4488.0000	$62.4400	Acquired	31480.0000	Direct
2015-03-20	Common Stock	M	2569.0000	$55.4600	Acquired	34049.0000	Direct
2015-03-20	Common Stock	M	1952.0000	$49.4100	Acquired	36001.0000	Direct
2015-03-20	Common Stock	M	1514.0000	$48.3100	Acquired	37515.0000	Direct
2015-03-20	Common Stock	M	1303.0000	$54.6600	Acquired	38818.0000	Direct
2015-03-20	Common Stock	M	1184.0000	$53.3600	Acquired	40002.0000	Direct
2015-03-20	Common Stock	M	595.0000	$42.0500	Acquired	40597.0000	Direct
2015-03-20	Common Stock	S	21349.0000	$81.6562	Disposed	19248.0000	Direct
2015-03-20	Common Stock	S	345.0000	$81.6450	Disposed	0.0000	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-03-20	Stock Option	$48.8800	M	9944.0000	Disposed	2022-01-11	Common Stock (9944.0000)	Direct
2015-03-20	Stock Option	$55.4600	M	2569.0000	Disposed	2021-01-12	Common Stock (2569.0000)	Direct
2015-03-20	Stock Option	$49.4100	M	1952.0000	Disposed	2020-01-13	Common Stock (1952.0000)	Direct
2015-03-20	Stock Option	$54.6600	M	1303.0000	Disposed	2021-01-31	Common Stock (1303.0000)	Direct
2015-03-20	Stock Option	$53.3600	M	1184.0000	Disposed	2020-08-09	Common Stock (1184.0000)	Direct
2015-03-20	Stock Option	$42.0500	M	595.0000	Disposed	2019-08-10	Common Stock (595.0000)	Direct
2015-03-20	Stock Option	$62.4400	M	4488.0000	Disposed	2022-08-13	Common Stock (4488.0000)	Direct
2015-03-20	Stock Option	$48.3100	M	1514.0000	Disposed	2021-08-15	Common Stock (1514.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2529.9616	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 $81.5450 to $81.6940. 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, 2014.

F3: Option granted under the Target Corporation 2011 Long-Term Incentive Plan.

F4: Option granted on January 11, 2012. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.

F5: Option granted under the Target Corporation Long-Term Incentive Plan.

F6: Option granted on January 12, 2011. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.

F7: Option granted on January 13, 2010. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.

F8: Option granted on January 31, 2011. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.

F9: Option granted on August 9, 2010. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.

F10: Option granted on August 10, 2009. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.

F11: Option granted on August 13, 2012. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.

F12: Option granted on August 15, 2011. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.