SEC Form 4 · accession 0001225208-15-004511
US BANCORP \DE\ · USB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jennie P Carlson
Officer — EVP, Human Resources
Period of report
Feb 14, 2015
Accepted (ET)
Feb 18, 2015 · 5:01 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 value | Feb 14, 2015 | M | 7,369 | $0.00 | A | 7,369 | D | |
| Common Stock, $0.01 par value | Feb 15, 2015 | M | 6,213 | $0.00 | A | 13,582 | D | |
| Common Stock, $0.01 par value | Feb 16, 2015 | M | 10,478 | $0.00 | A | 24,060 | D | |
| Common Stock, $0.01 par value | Feb 16, 2015 | M | 6,736 | $0.00 | A | 30,796 | D | |
| Common Stock, $0.01 par value | Feb 17, 2015 | M | 39,117 | $35.76 | A | 69,913 | D | |
| Common Stock, $0.01 par value | Feb 17, 2015 | F | 11,727 | $44.89 | D | 58,186 | D | |
| Common Stock, $0.01 par valueF1 | Feb 17, 2015 | S | 39,117 | $45.11 | D | 19,069 | D | |
| Common Stock, $0.01 par valueF2 | holding | — | — | — | 12,185 | I | By 401(k) plan | |
| Common Stock, $0.01 par value | holding | — | — | — | 2,235 | I | By IRA | |
| Common Stock, $0.01 par value | holding | — | — | — | 94,773 | I | By Spouse |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF3,F4 | — | Feb 14, 2015 | M | 7,369 | D | Feb 14, 2014 | — | Common Stock, $0.01 par value | 7,369 | 14,738 | D |
| Restricted Stock UnitsF3,F4 | — | Feb 15, 2015 | M | 6,213 | D | Feb 15, 2013 | — | Common Stock, $0.01 par value | 6,213 | 6,215 | D |
| Restricted Stock UnitsF3,F4 | — | Feb 16, 2015 | M | 6,736 | D | Feb 16, 2012 | — | Common Stock, $0.01 par value | 6,736 | 0 | D |
| Restricted Stock UnitsF3,F5 | — | Feb 16, 2015 | M | 10,478 | D | Feb 16, 2013 | — | Common Stock, $0.01 par value | 10,478 | 0 | D |
| Employee Stock Option (Right to Buy)F6 | $35.76 | Feb 17, 2015 | M | 39,117 | D | — | Jan 17, 2017 | Common Stock, $0.01 par value | 39,117 | 181,471 | D |
Explanation of responses
- F1The price in Column 4 is a weighted average price. The prices actually received ranged from $45.10 to $45.17. 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.
- F2Based on a plan report dated February 11, 2015, the most recent plan report available.
- F3Restricted stock units convert into common stock on a one-for-one basis at the time of vesting.
- F4The restricted stock units vest in four equal annual installments beginning on the date listed in the Date Exercisable column of Box 6.
- F5Vesting of these Restricted Stock Units was contingent upon the company meeting a pre-established performance target. The performance target was met, and 50% of the units vested on the date listed in the Date Exercisable column of Box 6, with the remaining vesting occurring in 25% increments on the fourth and fifth anniversaries of the grant date. These Restricted Stock Units were granted in 2010 as a special retention award for the reporting person.
- F6The option vested in four equal annual installments beginning on January 17, 2008.