US BANCORP \DE\ — Director's Dealing 2015

Apr 22, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: US BANCORP \DE\ (USB)
CIK: 0000036104
Period of Report: 2014-11-14

Reporting Person: JOHNSON JOEL W (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-11-14	Common Stock, $0.01 par value	M	16450.0000	$31.2000	Acquired	16450.0000	Direct
2014-11-14	Common Stock, $0.01 par value	M	7859.0000	$30.4000	Acquired	24309.0000	Direct
2014-11-14	Common Stock, $0.01 par value	F	17199.0000	$43.7300	Disposed	7110.0000	Direct
2015-04-21	Common Stock, $0.01 par value	M	850.0000	$30.3900	Acquired	7960.0000	Direct
2015-04-21	Common Stock, $0.01 par value	F	607.0000	$42.5000	Disposed	7353.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-11-14	Non-Employee Director Stock Option (Right to Buy)	$31.2000	M	16450.0000	Disposed	2015-01-03	Common Stock, $0.01 par value (16450.0000)	Direct
2014-11-14	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
2015-04-21	Non-Employee Director Stock Option (Right to Buy)	$30.3900	M	850.0000	Disposed	2015-07-20	Common Stock, $0.01 par value (850.0000)	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
Common Stock, $0.01 par value	5237.0000	Indirect

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.

F3: The option vested in four equal annual installments beginning on July 20, 2006.