US BANCORP \DE\ — Director's Dealing 2009

Nov 13, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: US BANCORP \DE\ (USB)
CIK: 0000036104
Period of Report: 2009-11-11

Reporting Person: STOKES PATRICK T (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-11-11	Common Stock, $0.01 par value	M	6947	$21.2306	Acquired	24069	Direct
2009-11-11	Common Stock, $0.01 par value	M	5311	$20.7961	Acquired	29380	Direct
2009-11-11	Common Stock, $0.01 par value	M	881	$23.2171	Acquired	30261	Direct
2009-11-11	Common Stock, $0.01 par value	S	13139	$24.5598	Disposed	17122	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-11-11	Non-Employee Director Stock Option (Right to Buy)	$21.2306	M	6947	Disposed	2009-12-14	Common Stock, $0.01 par value (6947)	Direct
2009-11-11	Non-Employee Director Stock Option (Right to Buy)	$20.7961	M	5311	Disposed	2010-01-03	Common Stock, $0.01 par value (5311)	Direct
2009-11-11	Non-Employee Director Stock Option (Right to Buy)	$23.2171	M	881	Disposed	2010-04-03	Common Stock, $0.01 par value (881)	Direct

Footnotes

F1: The price in Column 4 is a weighted average price. The price actually received ranged from $24.55 to $24.57. The reporting person will provide to the issuer, any security holder of the issuer or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.

F2: The option vested in four equal annual installments beginning on December 14, 2000.

F3: The option vested in four equal annual installments beginning on January 3, 2001.

F4: The option vested in four equal annual installments beginning on April 3, 2001.