TARGET CORP — Director's Dealing 2019

Aug 27, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TARGET CORP (TGT)
CIK: 0000027419
Period of Report: 2019-08-22

Reporting Person: Mulligan John J (Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-08-22	Common Stock	M	139018.0000	$60.4800	Acquired	327639.0000	Direct
2019-08-22	Common Stock	S	28257.0000	$105.0911	Disposed	299382.0000	Direct
2019-08-22	Common Stock	S	115616.0000	$104.6850	Disposed	183766.0000	Direct
2019-08-22	Common Stock	I	8757.1293	$106.3200	Disposed	0.0000	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-08-22	Stock Option	$60.4800	M	139018.0000	Disposed	2023-01-09	Common Stock (139018.0000)	Direct

Footnotes

F1: 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.

F2: 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 $104.93 to $105.33. 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.

F3: 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 $103.93 to $104.9250. 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.

F4: Shares held in the Target Stock Fund of the Target Corporation 401(k) Plan as of August 22, 2019, subject to earnings adjustments since the reporting person's last filing that have been reinvested in additional equivalent plan shares.

F5: Option granted under the Target Corporation 2011 Long-Term Incentive Plan.

F6: Option granted on January 9, 2013. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.