SEC Form 4 · accession 0001225208-15-005193

US BANCORP \DE\ · USB

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Vice Chairman

Period of report

Feb 19, 2015

Accepted (ET)

Feb 23, 2015 · 4:23 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 20, 2015	M	8,528	$0.00	A	176,826	D
Common Stock, $0.01 par value	Feb 20, 2015	F	4,111	$44.08	D	172,715	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Employee Stock Option (Right to Buy)^F1	$44.32	Feb 19, 2015	A	40,819	A	—	Feb 19, 2025	Common Stock, $0.01 par value	40,819	40,819	D
Restricted Stock Units^F3,F2,F4	—	Feb 19, 2015	A	33,844	A	Feb 19, 2016	—	Common Stock, $0.01 par value	33,844	33,844	D
Restricted Stock Units^F2,F4	—	Feb 20, 2015	M	8,528	D	Feb 20, 2015	—	Common Stock, $0.01 par value	8,528	25,584	D

F1The option vests in four equal annual installments beginning on February 19, 2016. This option makes up part of the reporting person's 2015 long-term incentive compensation grant.
F2Restricted stock units convert into common stock on a one-for-one basis at the time of vesting.
F3Prior to the first vesting, the number of units subject to the award will be adjusted based on the company's one-year performance against certain performance targets set on the grant date. The number of units may increase to as much as 125%, or decrease to as little as 0%, of the initial number of units. These restricted stock units make up part of the reporting person's 2015 long-term incentive compensation grant.
F4The restricted stock units vest in four equal annual installments beginning on the date listed in the Date Exercisable column of Box 6.