US BANCORP \DE\ — Director's Dealing 2010

Jul 2, 2010

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: US BANCORP \DE\ (USB)
CIK: 0000036104
Period of Report: 2010-07-01

Reporting Person: von Gillern Jeffry H. (Vice Chairman)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.01 par value	48874	Direct
Common Stock, $0.01 par value	6677.4805	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (Right to Buy)	$11.02	2019-02-18	Common Stock, $0.01 par value (26130)		Direct
Employee Stock Option (Right to Buy)	$23.86	2020-02-16	Common Stock, $0.01 par value (15068)		Direct
Employee Stock Option (Right to Buy)	$27.94	2020-04-21	Common Stock, $0.01 par value (25746)		Direct
Employee Stock Option (Right to Buy)	$29.97	2016-02-14	Common Stock, $0.01 par value (35269)		Direct
Employee Stock Option (Right to Buy)	$30.12	2015-02-16	Common Stock, $0.01 par value (42043)		Direct
Employee Stock Option (Right to Buy)	$32.7	2018-02-12	Common Stock, $0.01 par value (103597)		Direct
Employee Stock Option (Right to Buy)	$36.25	2017-02-13	Common Stock, $0.01 par value (42879)		Direct

Footnotes

F1: Based on a plan report dated July 1, 2010, the most recent plan report available.

F2: The option vests in four equal annual installments beginning February 18, 2010.

F3: The option vests in four equal annual installments beginning on February 16, 2011.

F4: The option vests in four equal annual installments beginning on April 21, 2011.

F5: The option vested in four equal annual installments beginning on February 14, 2007.

F6: The option vested in four equal annual installments beginning on February 16, 2006.

F7: The option vests in four equal annual installments beginning on February 12, 2009.

F8: The option vests in four equal annual installments beginning on February 13, 2008.