US BANCORP \DE\ — Director's Dealing 2013

Jul 23, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: US BANCORP \DE\ (USB)
CIK: 0000036104
Period of Report: 2013-07-22

Reporting Person: CARLSON JENNIE P (EVP, Human Resources)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-03-07	Common Stock, $0.01 par value	G	28350.0000	$0.0000	Disposed	0.0000	Direct
2013-07-22	Common Stock, $0.01 par value	M	100000.0000	$30.4000	Acquired	100000.0000	Direct
2013-07-22	Common Stock, $0.01 par value	S	100000.0000	$37.4199	Disposed	0.0000	Direct
2013-03-07	Common Stock, $0.01 par value	G	28350.0000	$0.0000	Acquired	71526.0000	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-07-22	Employee Stock Option (Right to Buy)	$30.4000	M	100000.0000	Disposed	2015-01-18	Common Stock, $0.01 par value (100000.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.01 par value	11791.0000	Indirect
Common Stock, $0.01 par value	2234.0000	Indirect

Footnotes

F1: Based on a plan report dated June 30, 2013, the most recent plan report available.

F2: The option vested in four equal annual installments beginning on January 18, 2006.