SEC Form 4 · accession 0001225208-15-005197
US BANCORP \DE\ · USB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kathleen A Rogers
Officer — Vice Chairman and CFO
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 | 2,790 | $0.00 | A | 39,068 | D | |
| Common Stock, $0.01 par value | Feb 20, 2015 | F | 920 | $44.08 | D | 38,148 | D | |
| Common Stock, $0.01 par value | holding | — | — | — | 11 | I | as UTMA custodian for stepson | |
| Common Stock, $0.01 par valueF1 | holding | — | — | — | 6,624 | I | By 401(k) plan |
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)F2 | $44.32 | Feb 19, 2015 | A | 20,410 | A | — | Feb 19, 2025 | Common Stock, $0.01 par value | 20,410 | 20,410 | D |
| Restricted Stock UnitsF4,F3,F5 | — | Feb 19, 2015 | A | 16,922 | A | Feb 19, 2016 | — | Common Stock, $0.01 par value | 16,922 | 16,922 | D |
| Restricted Stock UnitsF3,F5 | — | Feb 20, 2015 | M | 2,790 | D | Feb 20, 2015 | — | Common Stock, $0.01 par value | 2,790 | 8,371 | D |
Explanation of responses
- F1Based on a plan report dated February 11, 2015, the most recent plan report available.
- F2The 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.
- F3Restricted stock units convert into common stock on a one-for-one basis at the time of vesting.
- F4Prior 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.
- F5The restricted stock units vest in four equal annual installments beginning on the date listed in the Date Exercisable column of Box 6.