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US BANCORP \DE\ Director's Dealing 2015

Feb 18, 2015

29924_dirs_2015-02-18_e44efe18-caa6-4ac1-8a84-62c0f7c3e540.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: 2015-02-14

Reporting Person: JOSEPH PAMELA A (Vice Chairman)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2015-02-14 Common Stock, $0.01 par value M 13398.0000 $0.0000 Acquired 197391.0000 Direct
2015-02-15 Common Stock, $0.01 par value M 11299.0000 $0.0000 Acquired 208690.0000 Direct
2015-02-16 Common Stock, $0.01 par value M 19594.0000 $0.0000 Acquired 228284.0000 Direct
2015-02-16 Common Stock, $0.01 par value M 12247.0000 $0.0000 Acquired 240531.0000 Direct
2015-02-17 Common Stock, $0.01 par value F 27112.0000 $44.8900 Disposed 213419.0000 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2015-02-14 Restricted Stock Units $ M 13398.0000 Disposed Common Stock, $0.01 par value (13398.0000) Direct
2015-02-15 Restricted Stock Units $ M 11299.0000 Disposed Common Stock, $0.01 par value (11299.0000) Direct
2015-02-16 Restricted Stock Units $ M 12247.0000 Disposed Common Stock, $0.01 par value (12247.0000) Direct
2015-02-16 Restricted Stock Units $ M 19594.0000 Disposed Common Stock, $0.01 par value (19594.0000) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock, $0.01 par value 12723.0000 Indirect

Footnotes

F1: Based on a plan report dated February 11, 2015, 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 the 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.