US BANCORP \DE\ — Director's Dealing 2019

Nov 18, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: US BANCORP \DE\ (USB)
CIK: 0000036104
Period of Report: 2019-11-15

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-11-15	Common Stock, $0.01 par value	M	165564.0000	$28.7000	Acquired	900118.0000	Direct
2019-11-15	Common Stock, $0.01 par value	S	165564.0000	$58.8100	Disposed	734554.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-11-15	Employee Stock Option (Right to Buy)	$28.7000	M	165564.0000	Disposed	2021-02-16	Common Stock, $0.01 par value (165564.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.01 par value	11657.0000	Indirect
Common Stock, $0.01 par value	341.0000	Indirect

Footnotes

F1: The price in Column 4 is a weighted average price. The prices actually received ranged from $58.74 to $58.85. The reporting person will provide to the issuer, any security holder of the issuer or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.

F2: Based on a plan report dated October 31, 2019, the most recent plan report available.

F3: This option vested in four equal annual installments beginning on February 16, 2012.