US BANCORP \DE\ — Director's Dealing 2017

May 5, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: US BANCORP \DE\ (USB)
CIK: 0000036104
Period of Report: 2017-05-03

Reporting Person: GODRIDGE LESLIE V (Vice Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-05-03	Common Stock, $0.01 par value	M	14192.0000	$28.7000	Acquired	62303.0000	Direct
2017-05-03	Common Stock, $0.01 par value	S	14192.0000	$52.1800	Disposed	48111.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-05-03	Employee Stock Option (Right to Buy)	$28.7000	M	14192.0000	Disposed	2021-02-16	Common Stock, $0.01 par value (14192.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.01 par value	11159.0000	Indirect

Footnotes

F1: Based on a plan report dated April 30, 2017, the most recent plan report available.

F2: The option vested in four equal annual installments beginning on February 16, 2012.