US BANCORP \DE\ — Director's Dealing 2016

Aug 9, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: US BANCORP \DE\ (USB)
CIK: 0000036104
Period of Report: 2016-08-05

Reporting Person: KIRTLEY OLIVIA F (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-08-05	Common Stock, $0.01 par value	M	1859.0000	$33.5000	Acquired	12103.0000	Direct
2016-08-05	Common Stock, $0.01 par value	S	1454.0000	$42.8700	Disposed	10649.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-08-05	Non-Employee Director Stock Option (Right to Buy)	$33.5000	M	1859.0000	Disposed	2016-10-17	Common Stock, $0.01 par value (1859.0000)	Direct

Footnotes

F1: Includes amounts acquired pursuant to dividend reinvestment.

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