X0306 4 2018-04-03 0000027419 TARGET CORP TGT 0001545819 Mulligan John J 1000 NICOLLET MALL MINNEAPOLIS MN 55403 1 Executive Officer Common Stock 2018-04-03 4 M 0 76983.0000 50.5100 A 195906.0000 D Common Stock 2018-04-03 4 M 0 29833.0000 48.8800 A 225739.0000 D Common Stock 2018-04-03 4 M 0 11557.0000 55.4600 A 237296.0000 D Common Stock 2018-04-03 4 S 0 118373.0000 69.3689 D 118923.0000 D Common Stock 8371.5160 I By 401(k) Plan Deferred Compensation Units 2018-04-03 4 I 0 20598.8716 69.5300 D Common Stock 20598.8716 0.0000 D Stock Option 48.8800 2018-04-03 4 M 0 29833.0000 0.0000 D 2022-01-11 Common Stock 29833.0000 0.0000 D Stock Option 55.4600 2018-04-03 4 M 0 11557.0000 0.0000 D 2021-01-12 Common Stock 11557.0000 0.0000 D Stock Option 50.5100 2018-04-03 4 M 0 76983.0000 0.0000 D 2022-01-24 Common Stock 76983.0000 0.0000 D 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 $69.04 to $69.58. 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. Shares held in the Target Corporation 401(k) Plan based on the plan statement as of March 31, 2018. 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. 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. Includes units acquired as a result of reinvested dividends since the reporting person's last filing that reported these deferred compensation units. Option granted under the Target Corporation 2011 Long-Term Incentive Plan. Option granted on January 11, 2012. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date. Option granted under the Target Corporation Long-Term Incentive Plan. Option granted on January 12, 2011. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date. Option granted on January 24, 2012. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date. Andrew J. Neuharth, Attorney-In-Fact 2018-04-04