US BANCORP \DE\ — Director's Dealing 2016

Jul 22, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: US BANCORP \DE\ (USB)
CIK: 0000036104
Period of Report: 2016-07-21

Reporting Person: Runkel Mark G. (EVP and Chief Credit Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-03-17	Common Stock, $0.01 par value	G	4617.0000	$0.0000	Disposed	15535.0000	Direct
2016-07-21	Common Stock, $0.01 par value	M	2178.0000	$36.2500	Acquired	17713.0000	Direct
2016-07-21	Common Stock, $0.01 par value	F	1985.0000	$41.8800	Disposed	15728.0000	Direct
2016-07-22	Common Stock, $0.01 par value	G	193.0000	$0.0000	Disposed	15535.0000	Direct
2016-03-17	Common Stock, $0.01 par value	G	4617.0000	$0.0000	Acquired	13011.0000	Indirect
2016-07-22	Common Stock, $0.01 par value	G	193.0000	$0.0000	Acquired	13204.0000	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-07-21	Employee Stock Option (Right to Buy)	$36.2500	M	2178.0000	Disposed	2017-02-13	Common Stock, $0.01 par value (2178.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.01 par value	326.0000	Indirect

Footnotes

F1: Based on a plan report dated June 30, 2016, the most recent plan report available.

F2: The option vested in four equal annual installments beginning on February 13, 2008.