US BANCORP \DE\ — Director's Dealing 2019

Feb 19, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: US BANCORP \DE\ (USB)
CIK: 0000036104
Period of Report: 2019-02-14

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-02-14	Common Stock, $0.01 par value	A	64209.0000	$0.0000	Acquired	773352.0000	Direct
2019-02-14	Common Stock, $0.01 par value	F	4895.0000	$50.9100	Disposed	768457.0000	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.01 par value	11420.0000	Indirect
Common Stock, $0.01 par value	341.0000	Indirect

Footnotes

F1: The restricted stock units vest 33% on each of February 14, 2020 and 2021, and 34% on February 14, 2022. These restricted stock units make up 40% of the value of the reporting person's long-term incentive compensation award granted in 2019. 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 2022 based on the company's performance against certain performance targets from 2019 through 2021 and will be reported at the time of such determination.

F2: Based on a plan report dated February 5, 2019, the most recent plan report available.