US BANCORP \DE\ — Director's Dealing 2013

Jan 18, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: US BANCORP \DE\ (USB)
CIK: 0000036104
Period of Report: 2013-01-17

Reporting Person: DOLAN TERRANCE R (Vice Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-01-17	Common Stock, $0.01 par value	M	27346.0000	$28.5000	Acquired	73339.0000	Direct
2013-01-17	Common Stock, $0.01 par value	M	9625.0000	$30.1200	Acquired	82964.0000	Direct
2013-01-17	Common Stock, $0.01 par value	F	34231.0000	$32.7600	Disposed	48733.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-01-17	Employee Stock Option (Right to Buy)	$28.5000	M	27346.0000	Disposed	2014-01-20	Common Stock, $0.01 par value (27346.0000)	Direct
2013-01-17	Employee Stock Option (Right to Buy)	$30.1200	M	9625.0000	Disposed	2015-02-16	Common Stock, $0.01 par value (9625.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.01 par value	4416.0000	Indirect

Footnotes

F1: Based on a plan report dated December 31, 2012, the most recent plan report available.

F2: The option vested in four equal annual installments beginning on January 20, 2005.

F3: The option vested in four equal annual installments beginning on February 16, 2006.