US BANCORP \DE\ — Director's Dealing 2016

Oct 31, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: US BANCORP \DE\ (USB)
CIK: 0000036104
Period of Report: 2016-10-27

Reporting Person: KIRTLEY OLIVIA F (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-10-27	Common Stock, $0.01 par value	M	35156.0000	$35.7600	Acquired	45805.0000	Direct
2016-10-27	Common Stock, $0.01 par value	S	35156.0000	$44.8900	Disposed	10649.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-10-27	Non-Employee Director Stock Option (Right to Buy)	$35.7600	M	35156.0000	Disposed	2017-01-17	Common Stock, $0.01 par value (35156.0000)	Direct

Footnotes

F1: The price in Column 4 is a weighted average price. The prices actually received ranged from $44.88 to $44.90. The reporting person will provide to the issuer, any security holder of the issuer or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.

F2: The option vested in four equal annual installments beginning on January 17, 2008.