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: 2012-04-19

Reporting Person: JOHNSON JOEL W (Director)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-04-19	Common Stock, $0.01 par value	M	12283.0000	$21.3846	Acquired	69820.0000	Direct
2012-04-19	Common Stock, $0.01 par value	M	7249.0000	$21.4938	Acquired	77069.0000	Direct
2012-04-19	Common Stock, $0.01 par value	M	1611.0000	$23.0234	Acquired	78680.0000	Direct
2012-04-19	Common Stock, $0.01 par value	M	579.0000	$18.8220	Acquired	79259.0000	Direct
2012-04-19	Common Stock, $0.01 par value	F	14920.0000	$31.2200	Disposed	64339.0000	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-04-19	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
2012-04-19	Non-Employee Director Stock Option (Right to Buy)	$23.0234	M	1611.0000	Disposed	2012-07-01	Common Stock, $0.01 par value (1611.0000)	Direct
2012-04-19	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
2012-04-19	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: Includes amounts acquired pursuant to dividend reinvestment.

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 July 1, 2003.

F4: The option vested in four equal annual installments beginning on October 1, 2003.

F5: The option vested in four equal annual installments beginning on December 17, 2003.