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US BANCORP \DE\ — Director's Dealing 2011
Feb 18, 2011
29924_dirs_2011-02-18_bfc0aec9-3ce9-4cc9-9782-0b4c08d81e48.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: US BANCORP \DE\ (USB)
CIK: 0000036104
Period of Report: 2011-02-16
Reporting Person: Hoesley Joseph C (Vice Chairman)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2011-02-16 | Common Stock, $0.01 par value | M | 7432.0000 | $0.0000 | Acquired | 67488.0000 | Direct |
| 2011-02-16 | Common Stock, $0.01 par value | F | 2431.0000 | $28.7400 | Disposed | 65057.0000 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2011-02-16 | Employee Stock Option (Right to Buy) | $28.7000 | A | 52036.0000 | Acquired | 2021-02-16 | Common Stock, $0.01 par value (52036.0000) | Direct |
| 2011-02-16 | Restricted Stock Units | $ | M | 7432.0000 | Disposed | Common Stock, $0.01 par value (7432.0000) | Direct | |
| 2011-02-16 | Restricted Stock Units | $ | A | 19163.0000 | Acquired | Common Stock, $0.01 par value (19163.0000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock, $0.01 par value | 14871.6171 | Indirect |
| Common Stock, $0.01 par value | 48975.0000 | Indirect |
Footnotes
F1: Based on a plan report dated February 7, 2011, the most recent plan report available.
F2: The options vest in four equal annual installments beginning on February 16, 2012. These options make up part of the reporting person's annual long-term incentive compensation grant.
F3: Restricted stock units convert into common stock on a one-for-one basis at the time of vesting.
F4: The restricted stock units vest in four equal annual installments beginning on the date listed in the Date Exercisable column of Box 6.
F5: Prior to the first vesting, the number of units subject to the award will be adjusted based on the company's one-year performance against certain performance targets set on the grant date. The number of units may increase to as much as 150%, or decrease to as little as 25%, of the initial number of units. These restricted stock units make up part of the reporting person's long-term incentive compensation grant.