TARGET CORP

Ticker: TGT CUSIP: 87612E106 Class: COM

KINGDON CAPITAL MANAGEMENT, L.L.C.'s Holding History (CIK: 0001000097)

Note: Option positions (PUT/CALL) are excluded.

Q4 2015

Shares 189,010 Value ($000) $13,724 Avg Close $55.25 Range $50.65 - $59.12

Q3 2015

Shares 445,131 Value ($000) $35,014 Avg Close $58.64 Range $53.03 - $62.46

Q2 2015

Shares 92,566 Value ($000) $7,556 Avg Close $59.06 Range $55.61 - $62.83

Q1 2015

Shares 303,350 Value ($000) $25,060 Avg Close $56.00 Range $51.94 - $60.23

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2015	189,010	$13,724	$55.25	$50.65 - $59.12
Q3 2015	445,131	$35,014	$58.64	$53.03 - $62.46
Q2 2015	92,566	$7,556	$59.06	$55.61 - $62.83
Q1 2015	303,350	$25,060	$56.00	$51.94 - $60.23