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US BANCORP \DE\ Director's Dealing 2012

Apr 20, 2012

29924_dirs_2012-04-20_65b0c906-9706-4d03-acc3-ddd6aeb29ab3.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: 2012-04-18

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

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2012-04-18 Common Stock, $0.01 par value M 93200.0000 $28.5000 Acquired 144097.0000 Direct
2012-04-18 Common Stock, $0.01 par value S 5000.0000 $31.3110 Disposed 139097.0000 Direct
2012-04-18 Common Stock, $0.01 par value S 93200.0000 $31.4570 Disposed 45897.0000 Direct
2012-04-18 Series G Preferred Stock Depositary Shares P 4000.0000 $25.5200 Acquired 4000.0000 Direct
2012-04-18 Common Stock, $0.01 par value S 5000.0000 $31.3211 Disposed 40019.0000 Indirect
2012-04-18 Series G Preferred Stock Depositary Shares P 4000.0000 $25.5200 Acquired 4000.0000 Indirect

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2012-04-18 Employee Stock Option (Right to Buy) $28.5000 M 93200.0000 Disposed 2014-01-20 Common Stock, $0.01 par value (93200.0000) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock, $0.01 par value 2426.0000 Indirect
Series F Preferred Stock Depositary Shares 1500.0000 Indirect

Footnotes

F1: The price in Column 4 is a weighted average price. The prices actually received ranged from $31.3120 to $31.3100. 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 price in Column 4 is a weighted average price. The prices actually received ranged from $31.45 to $31.4863. 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.

F3: The price in Column 4 is a weighted average price. The prices actually received ranged from $31.3250 to $31.3203. 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.

F4: Based on a plan report dated March 30, 2012, the most recent plan report available.

F5: The option was subject to performance-accelerated vesting. The option vested 25% on February 1, 2007. The remaining 75% vested on January 20, 2009