US BANCORP \DE\ — Director's Dealing 2015

Nov 12, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: US BANCORP \DE\ (USB)
CIK: 0000036104
Period of Report: 2015-10-29

Reporting Person: JOHNSON JOEL W (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-10-29	Common Stock, $0.01 par value	M	19325.0000	$30.0500	Acquired	26678.0000	Direct
2015-10-29	Common Stock, $0.01 par value	M	8305.0000	$30.0000	Acquired	34983.0000	Direct
2015-10-29	Common Stock, $0.01 par value	F	5794.0000	$43.0000	Disposed	29189.0000	Direct
2015-10-29	Common Stock, $0.01 par value	F	13505.0000	$43.0000	Disposed	15684.0000	Direct
2015-11-12	Common Stock, $0.01 par value	G	8331.0000	$0.0000	Disposed	7353.0000	Direct
2015-11-12	Common Stock, $0.01 par value	G	8331.0000	$0.0000	Acquired	13568.0000	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-10-29	Non-Employee Director Stock Option (Right to Buy)	$30.0500	M	19325.0000	Disposed	2016-01-03	Common Stock, $0.01 par value (19325.0000)	Direct
2015-10-29	Non-Employee Director Stock Option (Right to Buy)	$30.0000	M	8305.0000	Disposed	2016-01-17	Common Stock, $0.01 par value (8305.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.01 par value	126.0000	Indirect
Common Stock, $0.01 par value	31585.0000	Indirect
Common Stock, $0.01 par value	31585.0000	Indirect

Footnotes

F1: The option vested in four equal annual installments beginning on January 3, 2007.

F2: The option vested in four equal annual installments beginning on January 17, 2007.