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US BANCORP \DE\ Director's Dealing 2013

Feb 21, 2013

29924_dirs_2013-02-20_4a61e9c9-5075-481c-848d-bb70ba8b8c71.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: US BANCORP \DE\ (USB)
CIK: 0000036104
Period of Report: 2013-02-16

Reporting Person: Hoesley Joseph C (Vice Chairman)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2013-02-16 Common Stock, $0.01 par value M 20955.0000 $0.0000 Acquired 87099.0000 Direct
2013-02-16 Common Stock, $0.01 par value M 7434.0000 $0.0000 Acquired 94533.0000 Direct
2013-02-16 Common Stock, $0.01 par value M 6736.0000 $0.0000 Acquired 101269.0000 Direct
2013-02-19 Common Stock, $0.01 par value F 2498.0000 $33.8200 Disposed 98771.0000 Direct
2013-02-19 Common Stock, $0.01 par value F 3247.0000 $33.8200 Disposed 95524.0000 Direct
2013-02-19 Common Stock, $0.01 par value F 8161.0000 $33.8200 Disposed 87363.0000 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2013-02-16 Restricted Stock Units $ M 7434.0000 Disposed Common Stock, $0.01 par value (7434.0000) Direct
2013-02-16 Restricted Stock Units $ M 6736.0000 Disposed Common Stock, $0.01 par value (6736.0000) Direct
2013-02-16 Restricted Stock Units $ M 20955.0000 Disposed Common Stock, $0.01 par value (20955.0000) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock, $0.01 par value 349.0000 Indirect
Common Stock, $0.01 par value 41128.0000 Indirect

Footnotes

F1: Based on a plan report dated February 4, 2013, the most recent plan report available.

F2: Restricted stock units convert into common stock on a one-for-one basis at the time of vesting.

F3: The restricted stock units vest in four equal annual installments beginning on the date listed in the Date Exercisable column of Box 6.

F4: Vesting of these Restricted Stock Units was contingent upon the company meeting a pre-established performance target. The performance target was met, and 50% of the units vested on the date listed in the Date Exercisable column of Box 6, with remaining vesting to occur in 25% increments on the fourth and fifth anniversary of the grant date. These Restricted Stock Units were granted in 2010 as a special retention award for the reporting person.