US BANCORP \DE\ — Director's Dealing 2013

Feb 13, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: US BANCORP \DE\ (USB)
CIK: 0000036104
Period of Report: 2013-02-12

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-02-12	Common Stock, $0.01 par value	M	77946.0000	$30.4000	Acquired	77946.0000	Direct
2013-02-12	Common Stock, $0.01 par value	S	77946.0000	$34.3155	Disposed	0.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-02-12	Employee Stock Option (Right to Buy)	$30.4000	M	77946.0000	Disposed	2015-01-18	Common Stock, $0.01 par value (77946.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.01 par value	11655.0000	Indirect
Common Stock, $0.01 par value	2234.0000	Indirect
Common Stock, $0.01 par value	43176.0000	Indirect

Footnotes

F1: The price in Column 4 is a weighted average price. The prices actually received ranged from $34.28 to $34.36. 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 February 4, 2013, the most recent plan report available.

F3: The option vested in four equal annual installments beginning on January 18, 2006.