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US BANCORP \DE\ — Director's Dealing 2014
Feb 24, 2014
29924_dirs_2014-02-24_b57f67e5-665a-46df-9bd3-e91ffe599e37.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: US BANCORP \DE\ (USB)
CIK: 0000036104
Period of Report: 2014-02-20
Reporting Person: DOLAN TERRANCE R (Vice Chairman)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2014-02-20 | Common Stock, $0.01 par value | M | 138122.0000 | $32.7000 | Acquired | 181912.0000 | Direct |
| 2014-02-20 | Common Stock, $0.01 par value | M | 34030.0000 | $36.2500 | Acquired | 215942.0000 | Direct |
| 2014-02-20 | Common Stock, $0.01 par value | M | 30568.0000 | $29.9700 | Acquired | 246510.0000 | Direct |
| 2014-02-20 | Common Stock, $0.01 par value | S | 202720.0000 | $40.3600 | Disposed | 43790.0000 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2014-02-20 | Employee Stock Option (Right to Buy) | $32.7000 | M | 138122.0000 | Disposed | 2018-02-12 | Common Stock, $0.01 par value (138122.0000) | Direct |
| 2014-02-20 | Employee Stock Option (Right to Buy) | $36.2500 | M | 34030.0000 | Disposed | 2017-02-13 | Common Stock, $0.01 par value (34030.0000) | Direct |
| 2014-02-20 | Employee Stock Option (Right to Buy) | $29.9700 | M | 30568.0000 | Disposed | 2016-02-14 | Common Stock, $0.01 par value (30568.0000) | Direct |
| 2014-02-20 | Employee Stock Option (Right to Buy) | $40.3200 | A | 26583.0000 | Acquired | 2024-02-20 | Common Stock, $0.01 par value (26583.0000) | Direct |
| 2014-02-20 | Restricted Stock Units | $ | A | 22507.0000 | Acquired | Common Stock, $0.01 par value (22507.0000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock, $0.01 par value | 4922.0000 | Indirect |
Footnotes
F1: The price in Column 4 is a weighted average price. The prices actually received ranged from $40.32 to $40.43. 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 7, 2014, the most recent plan report available.
F3: The option vested in four equal annual installments beginning on February 12, 2009.
F4: The option vested in four equal annual installments beginning on February 13, 2008.
F5: The option vested in four equal annual installments beginning on February 14, 2007.
F6: The options vest in four equal annual installments beginning on February 20, 2015. These options make up part of the reporting person's 2014 long-term incentive compensation grant.
F7: Restricted stock units convert into common stock on a one-for-one basis at the time of vesting.
F8: Prior to the first vesting, the number of units subject to the award will be adjusted based on the company's one-year performance against certain performance targets set on the grant date. The number of units may increase to as much as 125%, or decrease to as little as 0%, of the initial number of units. These restricted stock units make up part of the reporting person's 2014 long-term incentive compensation grant.
F9: The restricted stock units vest in four equal annual installments beginning on the date listed in the Date Exercisable column of Box 6.