US BANCORP \DE\ — Director's Dealing 2010

Apr 29, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: US BANCORP \DE\ (USB)
CIK: 0000036104
Period of Report: 2010-04-29

Reporting Person: MITAU LEE R (EVP, General Counsel, and Sec.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-04-29	Common Stock, $0.01 par value	M	66952	$21.4938	Acquired	113474	Direct
2010-04-29	Common Stock, $0.01 par value	S	66952	$27.5	Disposed	46522	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-04-29	Employee Stock Option (Right to Buy)	$21.4938	M	66952	Disposed	2012-12-17	Common Stock, $0.01 par value (66952)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.01 par value	1657.5993	Indirect
Common Stock, $0.01 par value	70019	Indirect

Footnotes

F1: Based on a plan report dated March 31, 2010, the most recent plan report available.

F2: The option was subject to performance-accelerated vesting. The option vested 25% on each of February 1, 2004 and February 1, 2007. The remaining 50% vested on December 17, 2007.