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: 2015-03-23

Reporting Person: Jones Jeffrey J II (Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-03-23	Common Stock	M	19000.0000	$58.2100	Acquired	81724.0000	Direct
2015-03-23	Common Stock	S	19000.0000	$81.6444	Disposed	62724.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-03-23	Stock Option	$58.2100	M	19000.0000	Disposed	2022-04-02	Common Stock (19000.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	195.9373	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 $81.6300 to $81.6550. 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 April 2, 2012. Option becomes exercisable in 25% increments on each anniversary of the grant date.