US BANCORP \DE\ — Director's Dealing 2010

Apr 22, 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: Parker P.W. (EVP and Chief Credit Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-04-21	Common Stock, $0.01 par value	M	34435	$13.1	Acquired	88426	Direct
2010-04-21	Common Stock, $0.01 par value	S	22177	$27.9132	Disposed	66249	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-04-21	Employee Stock Option (Right to Buy)	$13.1	M	34435	Disposed	2019-03-02	Common Stock, $0.01 par value (34435)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.01 par value	2315.5773	Indirect

Footnotes

F1: The price in Column 4 is a weighted average price. The prices actually received ranged from $27.91 to $27.96. 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: 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 March 2, 2010.