TARGET CORP — Director's Dealing 2017

May 25, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TARGET CORP (TGT)
CIK: 0000027419
Period of Report: 2017-05-22

Reporting Person: Cornell Brian C (Director, Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-04-10	Common Stock	G	59949.0000	$0.0000	Disposed	118856.0000	Direct
2017-04-10	Common Stock	G	59949.0000	$0.0000	Acquired	128034.0000	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-05-22	Stock Option	$55.6000	A	294551.0000	Acquired	2024-05-22	Common Stock (294551.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	382.4941	Indirect

Footnotes

F1: The shares gifted by the reporting person on April 10, 2017, were gifted to a revocable living trust, of which the reporting person and his spouse are trustees, for the benefit of the reporting person, his spouse and their children.

F2: Includes dividend equivalents paid on performance-based restricted stock units since the date of the reporting person's last filing through the date of the reported transaction that have been reinvested in additional performance-based restricted stock units.

F3: Shares held in the Target Corporation 401(k) Plan based on the plan statement as of March 31, 2017.

F4: An award of price-vested stock options under the Amended and Restated Target Corporation 2011 Long-Term Incentive Plan.

F5: In addition, the price-vested stock options will become exercisable only if the closing price of Target's stock exceeds a hurdle of $75 for 20 consecutive trading days within the seven-year term.