TARGET CORP — Director's Dealing 2019

Dec 3, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TARGET CORP (TGT)
CIK: 0000027419
Period of Report: 2019-11-29

Reporting Person: Lundquist Stephanie A (Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-11-29	Common Stock	I	368.0045	$125.0100	Disposed	0.0000	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-11-29	Deferred Compensation Units	$	I	471.2658	Disposed		Common Stock (471.2658)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	27394.0000	Direct

Footnotes

F1: Shares held in the Target Stock Fund of the Target Corporation 401(k) Plan as of November 29, 2019, subject to earnings adjustments since the reporting person's last filing that have been reinvested in additional equivalent plan shares.

F2: Deferred compensation units are held under the Target Corporation Executive Deferred Compensation Plan (the "Plan"). Under the terms of the Plan, participants' deferred compensation balances are indexed to various crediting rate alternatives, as chosen by them. The units reported relate to the Target common stock crediting rate alternative, and each unit is the economic equivalent of one share of Target common stock. The value of such units increases or decreases daily in accordance with an equivalent investment in the Target Stock Fund in the corporation's 401(k) plan. Participants are generally free to transfer plan balances into other crediting rate alternatives at any time. The Plan balances represent unsecured general obligations of Target Corporation, and are payable solely in cash.

F3: The transaction represents the reporting person's discretionary disposition of units of the Target common stock crediting rate alternative under the Plan referenced in footnote 2, and is the economic equivalent of the sale of the same number of shares of Target common stock.

F4: Includes units acquired as a result of reinvested dividends since the reporting person's Form 3 filing on 2/17/2016, that previously reported these deferred compensation units.