US BANCORP \DE\ — Director's Dealing 2012

Dec 11, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: US BANCORP \DE\ (USB)
CIK: 0000036104
Period of Report: 2012-12-10

Reporting Person: OMALEY DAVID B (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-12-10	Common Stock, $0.01 par value	M	12283.0000	$21.3846	Acquired	276853.0000	Direct
2012-12-10	Common Stock, $0.01 par value	M	7249.0000	$21.4938	Acquired	284102.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-12-10	Non-Employee Director Stock Option (Right to Buy)	$21.3846	M	12283.0000	Disposed	2013-01-02	Common Stock, $0.01 par value (12283.0000)	Direct
2012-12-10	Non-Employee Director Stock Option (Right to Buy)	$21.4938	M	7249.0000	Disposed	2012-12-17	Common Stock, $0.01 par value (7249.0000)	Direct

Footnotes

F1: 16,291 shares previously reported as owned through each of Grantor Retained Annuity Trust 1, Grantor Retained Annuity Trust 2 and Grantor Retained Annuity Trust 3, respectively, are now included in shares reported as directly owned by the Reporting Person, and no shares are currently owned by any of those trusts.

F2: The option vested in four equal annual installments beginning on January 2, 2004.

F3: The option vested in four equal annual installments beginning on December 17, 2003.