14 Target Corp transactions by Bill Ackman (Pershing Square Capital

Sold -7.4 Million shares Q1 2011

Avg closing price $53.27

Price range $49.16 - $60.77

Sold 47.7% shares (-6.74 Million shares) Q4 2010

Avg closing price $56.13

Price range $51.94 - $60.26

Sold 31.6% shares (-6.54 Million shares) Q3 2010

Avg closing price $51.97

Price range $49.16 - $55.05

Sold 0.0% shares (-5.3 Thousand shares) Q2 2010

Avg closing price $54.57

Price range $49.00 - $58.05

Sold 0.5% shares (-105 Thousand shares) Q1 2010

Avg closing price $51.31

Price range $48.55 - $54.37

Sold 20.1% shares (-5.22 Million shares) Q4 2009

Avg closing price $48.42

Price range $45.30 - $51.35

Increased shares by 4.6% (+1.14 Million shares) Q3 2009

Avg closing price $43.76

Price range $36.75 - $48.84

Sold 7.0% shares (-1.88 Million shares) Q1 2009

Avg closing price $31.62

Price range $25.37 - $38.11

Increased shares by 36.4% (+7.15 Million shares) Q4 2008

Avg closing price $35.83

Price range $26.96 - $47.24

Sold 18.3% shares (-4.38 Million shares) Q2 2008

Avg closing price $52.69

Price range $46.49 - $55.10

Increased shares by 217.3% (+16.4 Million shares) Q1 2008

Avg closing price $52.00

Price range $48.08 - $57.05

Increased shares by 113.1% (+4.01 Million shares) Q4 2007

Avg closing price $58.31

Price range $50.00 - $67.57

Increased shares by 111.4% (+1.87 Million shares) Q3 2007

Avg closing price $63.71

Price range $58.11 - $70.14

New holding (+1.68 Million shares) Q2 2007

Avg closing price $61.07

Price range $57.31 - $64.40

Bill Ackman Target Corp