US BANCORP \DE\ — Director's Dealing 2018

Feb 16, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: US BANCORP \DE\ (USB)
CIK: 0000036104
Period of Report: 2018-02-14

Reporting Person: DOLAN TERRANCE R (Vice Chairman & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-02-14	Common Stock, $0.01 par value	A	23504.0000	$0.0000	Acquired	152329.0000	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.01 par value	5695.0000	Indirect

Footnotes

F1: The restricted stock units vest 33% on each of February 14, 2019 and 2020, and 34% on February 14, 2021. These restricted stock units make up 40% of the value of the reporting person's long-term incentive compensation award granted in 2018. The remaining 60% 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 will be determined in early 2021 based on the company's performance against certain performance targets from 2018 through 2020 and will be reported at the time of such determination.

F2: Based on a plan report dated February 6, 2018, the most recent plan report available.