AI assistant
US BANCORP \DE\ — Director's Dealing 2016
Feb 22, 2016
29924_dirs_2016-02-22_2848fe34-eb6c-46de-a926-b8a6a811ad2f.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: US BANCORP \DE\ (USB)
CIK: 0000036104
Period of Report: 2016-02-18
Reporting Person: Kotwal Shailesh M (Vice Chairman)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-02-19 | Common Stock, $0.01 par value | F | 2174.0000 | $39.2800 | Disposed | 23326.0000 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-02-18 | Employee Stock Option (Right to Buy) | $39.4900 | A | 37455.0000 | Acquired | 2026-02-18 | Common Stock, $0.01 par value (37455.0000) | Direct |
Footnotes
F1: The option vests in four equal annual installments beginning on February 18, 2017. This option makes up 25% of the value of the reporting person's 2016 long-term incentive compensation award. The remaining 75% of the award value was granted in the form of performance-based restricted stock units. The number of units that will be earned and eligible to be settled in shares of common stock, subject to the award's vesting conditions, will be determined in early 2017 based on the company's 2016 performance against certain performance targets and will be reported at the time of such determination.