US BANCORP \DE\ — Director's Dealing 2010

Apr 23, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: US BANCORP \DE\ (USB)
CIK: 0000036104
Period of Report: 2010-04-21

Reporting Person: DOLAN TERRANCE R (EVP and Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-04-21	Common Stock, $0.01 par value	A	10111	—	Acquired	46708	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-04-21	Employee Stock Option (Right to Buy)	$27.94	A	29093	Acquired	2020-04-21	Common Stock, $0.01 par value (29093)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.01 par value	2447.4154	Indirect

Footnotes

F1: This is an award of restricted stock which vests in four equal annual installments beginning on the first anniversary of the grant date.

F2: Based on a plan report dated March 31, 2010, the most recent plan report available.

F3: The option vests in four equal annual installments beginning on April 21, 2011.