US BANCORP \DE\ - Director's Dealing 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: US BANCORP \DE\ (USB)
CIK: 0000036104
Period of Report: 2012-05-14

Reporting Person: OWENS ODELL M (Director)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-05-14	Common Stock, $0.01 par value	M	7249.0000	$21.4938	Acquired	7249.0000	Direct
2012-05-14	Common Stock, $0.01 par value	M	1259.0000	$18.8220	Acquired	8508.0000	Direct
2012-05-14	Common Stock, $0.01 par value	S	8508.0000	$31.9400	Disposed	0.0000	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-05-14	Non-Employee Director Stock Option (Right to Buy)	$18.8220	M	1259.0000	Disposed	2012-10-01	Common Stock, $0.01 par value (1259.0000)	Direct
2012-05-14	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

F1: The option vested in four equal annual installments beginning on October 1, 2003.

F2: The option vested in four equal annual installments beginning on December 17, 2003.