SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

FISHER ANTHONY S.

(Last)

(First)

(Middle)

1000 NICOLLET MALL

(Street)

MINNEAPOLIS

55403

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
05/18/2011

3. Issuer Name and Ticker or Trading Symbol
TARGET CORP [ TGT ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Executive Officer

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	2,719	D
Common Stock	3,234.9888⁽¹⁾	I	By 401(k) Plan

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Deferred Compensation Units	⁽²⁾	⁽²⁾	Common Stock	147.1807	⁽²⁾	D
Stock Option	⁽³⁾	12/03/2018	Common Stock	3,008	$33.25	D
Stock Option	⁽⁴⁾	01/14/2019	Common Stock	11,835	$33.8	D
Stock Option	⁽⁵⁾	01/14/2014	Common Stock	916	$38.25	D
Stock Option	⁽⁶⁾	08/10/2019	Common Stock	1,190	$42.05	D
Stock Option	⁽⁷⁾	01/09/2018	Common Stock	5,114	$48.89	D
Stock Option	⁽⁸⁾	01/13/2020	Common Stock	7,805	$49.41	D
Stock Option	⁽⁹⁾	01/12/2015	Common Stock	709	$49.43	D
Stock Option	⁽¹⁰⁾	08/09/2020	Common Stock	3,550	$53.36	D
Stock Option	⁽¹¹⁾	01/11/2016	Common Stock	927	$53.98	D
Stock Option	⁽¹²⁾	01/12/2021	Common Stock	15,409	$55.46	D
Stock Option	⁽¹³⁾	01/10/2017	Common Stock	3,441	$58.13	D

Explanation of Responses:

1. Shares held in the Target Corporation 401(k) Plan based on the plan statement as of May 18, 2011.

2. 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.

3. Option granted on December 3, 2008. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.

4. Option granted on January 14, 2009. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.

5. Option granted on January 14, 2004. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.

6. Option granted on August 10, 2009. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.

7. Option granted on January 9, 2008. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.

8. Option granted on January 13, 2010. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.

9. Option granted on January 12, 2005. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.

10. Option granted on August 9, 2010. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.

11. Option granted on January 11, 2006. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.

12. Option granted on January 12, 2011. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.

13. Option granted on January 10, 2007. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.

	David L. Donlin, Attorney-In-Fact	05/25/2011
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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