SEC Form 4 · accession 0001225208-15-001886
US BANCORP \DE\ · USB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Richard B Payne Jr.
Officer — Vice Chairman
Period of report
Jan 22, 2015
Accepted (ET)
Jan 23, 2015 · 4:33 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000036104
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $0.01 par valueF1 | Jan 22, 2015 | M | 50,000 | $31.04 | A | 89,625 | D | |
| Common Stock, $0.01 par valueF2 | Jan 22, 2015 | S | 50,000 | $43.44 | D | 39,625 | D | |
| Common Stock, $0.01 par valueF3 | holding | — | — | — | 2,305 | I | By 401(k) plan | |
| Common Stock, $0.01 par value | holding | — | — | — | 2,000 | I | By IRA |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F4 | $31.04 | Jan 22, 2015 | M | 50,000 | D | — | Jan 16, 2018 | Common Stock, $0.01 par value | 50,000 | 410,204 | D |
| Restricted Stock UnitsF6,F5,F7 | — | Jan 22, 2015 | A | 1,664 | A | Feb 20, 2015 | — | Common Stock, $0.01 par value | 1,664 | 46,678 | D |
Explanation of responses
- F1Includes amount acquired pursuant to dividend reinvestment.
- F2The price in Column 4 is a weighted average price. The prices actually received ranged from $43.38 to $43.53. 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.
- F3Based on a plan report dated December 31, 2014, the most recent plan report available.
- F4The option vested in four equal annual installments beginning on January 16, 2009.
- F5Restricted stock units convert into common stock on a one-for-one basis at the time of vesting.
- F6A grant of restricted stock units was awarded to the Reporting Person on February 20, 2014, and was reported on a Form 4 filed on February 24, 2014. The number of restricted stock units originally awarded was subject to adjustment based on certain fiscal 2014 corporate performance measures. On January 22, 2015, the adjusted, final number of units subject to the award was determined. The number of restricted stock units in column 5 is the number of units by which the original award was increased. The number of units in column 9 is the total final award amount.
- F7The restricted stock units vest in four equal annual installments beginning on the date listed in the Date Exercisable column of Box 6.