US BANCORP \DE\ — Director's Dealing 2015

Feb 18, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: US BANCORP \DE\ (USB)
CIK: 0000036104
Period of Report: 2015-02-14

Reporting Person: CHOSY JAMES L (EVP, General Counsel, and Sec.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-02-14	Common Stock, $0.01 par value	M	3654.0000	$0.0000	Acquired	6025.0000	Direct
2015-02-17	Common Stock, $0.01 par value	F	1273.0000	$44.8900	Disposed	4752.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-02-14	Restricted Stock Units	$	M	3654.0000	Disposed		Common Stock, $0.01 par value (3654.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.01 par value	1443.0000	Indirect
Common Stock, $0.01 par value	343.0000	Indirect

Footnotes

F1: Restricted stock units convert into common stock on a one-for-one basis at the time of vesting.

F2: The restricted stock units vest in four equal annual installments beginning on the date listed in the Date Exercisable column of Box 6.