US BANCORP \DE\ — Director's Dealing 2010

Jan 29, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: US BANCORP \DE\ (USB)
CIK: 0000036104
Period of Report: 2006-02-13

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-02-13	Common Stock, $0.01 par value	G	85019	—	Disposed	58357	Direct
2006-10-19	Common Stock, $0.01 par value	G	85019	—	Disposed	58357	Direct
2007-04-19	Common Stock, $0.01 par value	G	85019	—	Disposed	58357	Direct
2007-10-31	Common Stock, $0.01 par value	G	85019	—	Disposed	58357	Direct
2008-05-01	Common Stock, $0.01 par value	G	85019	—	Disposed	58357	Direct
2006-02-13	Common Stock, $0.01 par value	G	85019	—	Acquired	85019	Indirect
2006-10-19	Common Stock, $0.01 par value	G	85019	—	Acquired	85019	Indirect
2007-04-19	Common Stock, $0.01 par value	G	85019	—	Acquired	85019	Indirect
2007-10-31	Common Stock, $0.01 par value	G	85019	—	Acquired	85019	Indirect
2008-05-01	Common Stock, $0.01 par value	G	85019	—	Acquired	85019	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-10-19	Employee Stock Option (Right to Buy)	$33.25	A	108126	Acquired	2009-04-20	Common Stock, $0.01 par value (108126)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.01 par value	1255.9361	Indirect

Footnotes

F1: The original Forms 4 filed to report certain stock option exercise transactions that occurred on these dates failed to report that, after each exercise, 85,019 shares were then transferred from the reporting person to his spouse. 85,019 of the shares used to pay the aggregate exercise price for those stock option exercises were held in the spouse's account, but each of the Forms 4 filed by the reporting person on October 23, 2006, April 23, 2007, November 1, 2007, and May 2, 2008, incorrectly reported that all of the shares used to pay the exercise price came from the reporting person's direct holdings.

F2: Based on a plan report dated December 31, 2009, the most recent plan report available.

F3: This "reload" stock option grant was inadvertently omitted from the Form 4 filed by the reporting person on October 23, 2006, which reported the transaction that gave rise to the grant. This stock option was exercised in full by the reporting person on April 24, 2008, and that exercise was reported on a Form 4 filed on April 28, 2008.