US BANCORP \DE\ — Director's Dealing 2014

Oct 30, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: US BANCORP \DE\ (USB)
CIK: 0000036104
Period of Report: 2014-10-29

Reporting Person: Stone Kent V. (Vice Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-10-29	Common Stock, $0.01 par value	M	9000.0000	$11.0200	Acquired	45461.0000	Direct
2014-10-29	Common Stock, $0.01 par value	S	9000.0000	$41.9100	Disposed	36461.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-10-29	Employee Stock Option (Right to Buy)	$11.0200	M	9000.0000	Disposed	2019-02-18	Common Stock, $0.01 par value (9000.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.01 par value	15086.0000	Indirect
Common Stock, $0.01 par value	24189.0000	Indirect

Footnotes

F1: Based on a plan report dated September 30, 2014, the most recent plan report available.

F2: The option vested in four equal annual installments beginning on February 18, 2010.