US BANCORP \DE\ — Director's Dealing 2018

Nov 9, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: US BANCORP \DE\ (USB)
CIK: 0000036104
Period of Report: 2018-11-08

Reporting Person: CECERE ANDREW (Director, Chairman, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-11-08	Common Stock, $0.01 par value	M	183374.0000	$25.3500	Acquired	892517.0000	Direct
2018-11-08	Common Stock, $0.01 par value	S	183374.0000	$52.9500	Disposed	709143.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-11-08	Employee Stock Option (Right to Buy)	$25.3500	M	183374.0000	Disposed	2019-10-22	Common Stock, $0.01 par value (183374.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.01 par value	11336.0000	Indirect
Common Stock, $0.01 par value	341.0000	Indirect

Footnotes

F1: Based on a plan report dated October 31, 2018, the most recent plan report available.

F2: This option vested in four equal annual installments beginning on October 22, 2010.