US BANCORP \DE\ — Director's Dealing 2010

Mar 15, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: US BANCORP \DE\ (USB)
CIK: 0000036104
Period of Report: 2010-03-12

Reporting Person: LEVIN JERRY W (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-03-12	Common Stock, $0.01 par value	M	6495	$16.7362	Acquired	44052	Direct
2010-03-12	Common Stock, $0.01 par value	F	4267	$25.47	Disposed	39785	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-03-12	Non-Employee Director Stock Option (Right to Buy)	$16.7362	M	6495	Disposed	2010-04-19	Common Stock, $0.01 par value (6495)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.01 par value	23795	Indirect

Footnotes

F1: The option vested immediately upon grant.