US BANCORP \DE\ — Director's Dealing 2013

Jul 19, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: US BANCORP \DE\ (USB)
CIK: 0000036104
Period of Report: 2013-07-18

Reporting Person: CECERE ANDREW (Vice Chairman and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-07-18	Common Stock, $0.01 par value	M	135055.0000	$23.8600	Acquired	362661.0000	Direct
2013-07-18	Common Stock, $0.01 par value	M	124300.0000	$28.5000	Acquired	486961.0000	Direct
2013-07-18	Common Stock, $0.01 par value	S	259355.0000	$37.0245	Disposed	227606.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-07-18	Employee Stock Option (Right to Buy)	$28.5000	M	124300.0000	Disposed	2014-01-20	Common Stock, $0.01 par value (124300.0000)	Direct
2013-07-18	Employee Stock Option (Right to Buy)	$23.8600	M	135055.0000	Disposed	2020-02-16	Common Stock, $0.01 par value (135055.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.01 par value	10085.0000	Indirect
Common Stock, $0.01 par value	341.0000	Indirect

Footnotes

F1: The price in Column 4 is a weighted average price. The prices actually received ranged from $37.02 to $37.06. 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: Based on a plan report dated June 30, 2013, the most recent plan report available.

F3: The option was subject to performance-accelerated vesting. The option vested 25% on each of February 1, 2007 and 2008. The remaining 50% vested on January 20, 2009.

F4: The option vests in four equal annual installments beginning on February 16, 2011.