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US BANCORP \DE\ Director's Dealing 2014

Feb 19, 2014

29924_dirs_2014-02-19_bc2e6573-0c5e-43d6-97c2-5f4bb5378113.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: 2014-02-14

Reporting Person: CARLSON JENNIE P (EVP, Human Resources)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2014-02-14 Common Stock, $0.01 par value M 7368.0000 $0.0000 Acquired 7368.0000 Direct
2014-02-14 Common Stock, $0.01 par value F 2487.0000 $40.2900 Disposed 4881.0000 Direct
2014-02-15 Common Stock, $0.01 par value M 6215.0000 $0.0000 Acquired 11096.0000 Direct
2014-02-16 Common Stock, $0.01 par value M 10478.0000 $0.0000 Acquired 21574.0000 Direct
2014-02-16 Common Stock, $0.01 par value M 7434.0000 $0.0000 Acquired 29008.0000 Direct
2014-02-16 Common Stock, $0.01 par value M 6736.0000 $0.0000 Acquired 35744.0000 Direct
2014-02-18 Common Stock, $0.01 par value F 12498.0000 $40.8200 Disposed 23246.0000 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2014-02-14 Restricted Stock Units $ M 7368.0000 Disposed Common Stock, $0.01 par value (7368.0000) Direct
2014-02-15 Restricted Stock Units $ M 6215.0000 Disposed Common Stock, $0.01 par value (6215.0000) Direct
2014-02-16 Restricted Stock Units $ M 7434.0000 Disposed Common Stock, $0.01 par value (7434.0000) Direct
2014-02-16 Restricted Stock Units $ M 6736.0000 Disposed Common Stock, $0.01 par value (6736.0000) Direct
2014-02-16 Restricted Stock Units $ M 10478.0000 Disposed Common Stock, $0.01 par value (10478.0000) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock, $0.01 par value 11918.0000 Indirect
Common Stock, $0.01 par value 2235.0000 Indirect
Common Stock, $0.01 par value 71527.0000 Indirect

Footnotes

F1: Based on a plan report dated February 7, 2014, the most recent plan report available.

F2: Restricted stock units convert into common stock on a one-for-one basis at the time of vesting.

F3: The restricted stock units vest in four equal annual installments beginning on the date listed in the Date Exercisable column of Box 6.

F4: Vesting of these Restricted Stock Units was contingent upon the company meeting a pre-established performance target. The performance target was met, and 50% of the units vested on the date listed in the Date Exercisable column of Box 6, with remaining vesting occurring in 25% increments on the fourth and fifth anniversaries of the grant date. These Restricted Stock Units were granted in 2010 as a special retention award for the reporting person.