US BANCORP \DE\ — Director's Dealing 2014

Jul 18, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: US BANCORP \DE\ (USB)
CIK: 0000036104
Period of Report: 2014-07-18

Reporting Person: OMALEY DAVID B (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-07-18	Common Stock, $0.01 par value	M	18800.0000	$31.2000	Acquired	318309.0000	Direct
2014-07-18	Common Stock, $0.01 par value	M	7859.0000	$30.4000	Acquired	326168.0000	Direct
2014-07-18	Common Stock, $0.01 par value	F	19837.0000	$41.6100	Disposed	306331.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-07-18	Non-Employee Director Stock Option (Right to Buy)	$31.2000	M	18800.0000	Disposed	2015-01-03	Common Stock, $0.01 par value (18800.0000)	Direct
2014-07-18	Non-Employee Director Stock Option (Right to Buy)	$30.4000	M	7859.0000	Disposed	2015-01-18	Common Stock, $0.01 par value (7859.0000)	Direct

Footnotes

F1: The option vested in four equal annual installments beginning on January 3, 2006.

F2: The option vested in four equal annual installments beginning on January 18, 2006.