US BANCORP \DE\ — Director's Dealing 2012

Apr 30, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: US BANCORP \DE\ (USB)
CIK: 0000036104
Period of Report: 2012-04-26

Reporting Person: STOKES PATRICK T (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-04-26	Common Stock, $0.01 par value	M	7249.0000	$21.4938	Acquired	24371.0000	Direct
2012-04-26	Common Stock, $0.01 par value	M	1837.0000	$23.0234	Acquired	26208.0000	Direct
2012-04-26	Common Stock, $0.01 par value	M	579.0000	$18.8220	Acquired	26787.0000	Direct
2012-04-26	Common Stock, $0.01 par value	S	9665.0000	$32.0302	Disposed	17122.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-04-26	Non-Employee Director Stock Option (Right to Buy)	$23.0234	M	1837.0000	Disposed	2012-07-01	Common Stock, $0.01 par value (1837.0000)	Direct
2012-04-26	Non-Employee Director Stock Option (Right to Buy)	$18.8220	M	579.0000	Disposed	2012-10-01	Common Stock, $0.01 par value (579.0000)	Direct
2012-04-26	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: The price in Column 4 is a weighted average price. The prices actually received ranged from $32.0300 to $32.0307. The reporting person will provide to the issuer, any security holder of the issuer or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.

F2: The option vested in four equal annual installments beginning on July 1, 2003.

F3: The option vested in four equal annual installments beginning on October 1, 2003.

F4: The option vested in four equal annual installments beginning on December 17, 2003.