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: Stone Kent V. (Vice Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-07-18	Common Stock, $0.01 par value	M	19738.0000	$30.1200	Acquired	54432.0000	Direct
2013-07-18	Common Stock, $0.01 par value	M	9241.0000	$28.5000	Acquired	63673.0000	Direct
2013-07-18	Common Stock, $0.01 par value	S	28979.0000	$37.0350	Disposed	34694.0000	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	9241.0000	Disposed	2014-01-20	Common Stock, $0.01 par value (9241.0000)	Direct
2013-07-18	Employee Stock Option (Right to Buy)	$30.1200	M	19738.0000	Disposed	2015-02-16	Common Stock, $0.01 par value (19738.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.01 par value	14681.0000	Indirect
Common Stock, $0.01 par value	24189.0000	Indirect

Footnotes

F1: The price in Column 4 is a weighted average price. The prices actually received ranged from $37.02 to $37.05. 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 vested in four equal annual installments beginning on January 20, 2005.

F4: The option vested in four equal annual installments beginning on February 16, 2006.