US BANCORP \DE\ — Director's Dealing 2018

Jan 26, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: US BANCORP \DE\ (USB)
CIK: 0000036104
Period of Report: 2018-01-25

Reporting Person: Quinn Katherine B (Vice Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-01-25	Common Stock, $0.01 par value	A	23301.0000	$0.0000	Acquired	69133.0000	Direct

Footnotes

F1: The performance-based restricted stock units vest in four equal annual installments beginning on February 16, 2018. 20,871 of these units made up 75% of the value of the reporting person's 2017 long-term incentive compensation award granted on February 16, 2017 and the remaining 2,430 units made up of 75% of the value of a long-term incentive compensation award granted on July 20, 2017. The number of units earned and eligible to be settled in shares of common stock was determined on January 25, 2018, based on the company's 2017 performance against certain preset performance targets.