US BANCORP \DE\ — Director's Dealing 2014

Nov 18, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: US BANCORP \DE\ (USB)
CIK: 0000036104
Period of Report: 2014-11-17

Reporting Person: GLUCKMAN VICTORIA BUYNISKI (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-11-17	Common Stock, $0.01 par value	M	1965.0000	$30.4000	Acquired	28698.0000	Direct
2014-11-17	Common Stock, $0.01 par value	S	1371.0000	$43.7800	Disposed	27327.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-11-17	Non-Employee Director Stock Option (Right to Buy)	$30.4000	M	1965.0000	Disposed	2015-01-18	Common Stock, $0.01 par value (1965.0000)	Direct

Footnotes

F1: The option vested in four equal annual installments beginning on January 18, 2006.