TARGET CORP — Director's Dealing 2020

Jan 23, 2020

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: TARGET CORP (TGT)
CIK: 0000027419
Period of Report: 2020-01-15

Reporting Person: HENNINGTON CHRISTINA (Executive Officer)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	15680.0000	Direct
Common Stock	404.6711	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Deferred Compensation Units	$		Common Stock (84.0883)		Direct
Stock Option	$55.6000	2024-04-17	Common Stock (36819.0000)		Direct

Footnotes

F1: Shares held in the Target Corporation 401(k) Plan based on the plan statement as of January 15, 2020.

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

F4: 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.