US BANCORP \DE\ — Director's Dealing 2012

Feb 17, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: US BANCORP \DE\ (USB)
CIK: 0000036104
Period of Report: 2012-02-15

Reporting Person: Gifford Craig E (EVP and Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-02-15	Common Stock, $0.01 par value	A	6418.0000	$0.0000	Acquired	27872.0000	Direct
2012-02-16	Common Stock, $0.01 par value	F	513.0000	$28.6500	Disposed	27359.0000	Direct
2012-02-16	Common Stock, $0.01 par value	F	656.0000	$28.6500	Disposed	26703.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-02-15	Employee Stock Option (Right to Buy)	$28.6300	A	6017.0000	Acquired	2022-02-15	Common Stock, $0.01 par value (6017.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.01 par value	724.9495	Indirect

Footnotes

F1: Based on a plan report dated February 6, 2012, the most recent plan report available.

F2: The option vests in four equal annual installments beginning on February 15, 2013. This option makes up part of the reporting person's annual long-term incentive compensation grant.