US BANCORP \DE\ — Director's Dealing 2012

Mar 12, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: US BANCORP \DE\ (USB)
CIK: 0000036104
Period of Report: 2012-03-08

Reporting Person: OMALEY DAVID B (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-03-08	Common Stock, $0.01 par value	M	1032.0000	$22.0103	Acquired	213860.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-03-08	Non-Employee Director Stock Option (Right to Buy)	$22.0103	M	1032.0000	Disposed	2012-04-01	Common Stock, $0.01 par value (1032.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.01 par value	16291.0000	Indirect
Common Stock, $0.01 par value	16291.0000	Indirect
Common Stock, $0.01 par value	16291.0000	Indirect

Footnotes

F1: 3,000 shares previously reported as owned through each of Grantor Retained Annuity Trust 1, Grantor Retained Annuity Trust 2 and Grantor Retained Annuity Trust 3 (a total of 9,000 shares) are now included in shares reported as directly owned by the Reporting Person.

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