SEC Form 4 · accession 0001225208-15-004521
US BANCORP \DE\ · USB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
P.W. Parker
Officer — Vice Chairman
Period of report
Feb 14, 2015
Accepted (ET)
Feb 18, 2015 · 5:11 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 | 8,708 | $0.00 | A | 159,300 | D | |
| Common Stock, $0.01 par value | Feb 15, 2015 | M | 7,344 | $0.00 | A | 166,644 | D | |
| Common Stock, $0.01 par value | Feb 16, 2015 | M | 10,478 | $0.00 | A | 177,122 | D | |
| Common Stock, $0.01 par value | Feb 16, 2015 | M | 7,655 | $0.00 | A | 184,777 | D | |
| Common Stock, $0.01 par value | Feb 17, 2015 | F | 16,479 | $44.89 | D | 168,298 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | Feb 14, 2015 | M | 8,708 | D | Feb 14, 2014 | — | Common Stock, $0.01 par value | 8,708 | 17,417 | D |
| Restricted Stock UnitsF1,F2 | — | Feb 15, 2015 | M | 7,344 | D | Feb 15, 2013 | — | Common Stock, $0.01 par value | 7,344 | 7,344 | D |
| Restricted Stock UnitsF1,F2 | — | Feb 16, 2015 | M | 7,655 | D | Feb 16, 2012 | — | Common Stock, $0.01 par value | 7,655 | 0 | D |
| Restricted Stock UnitsF1,F3 | — | Feb 16, 2015 | M | 10,478 | D | Feb 16, 2013 | — | Common Stock, $0.01 par value | 10,478 | 0 | D |
Explanation of responses
- F1Restricted stock units convert into common stock on a one-for-one basis at the time of vesting.
- F2The restricted stock units vest in four equal annual installments beginning on the date listed in the Date Exercisable column of Box 6.
- F3Vesting 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.