SEC Form 4 · accession 0001225208-15-010220
US BANCORP \DE\ · USB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Shailesh M Kotwal
Officer — Vice Chairman
Period of report
Apr 16, 2015
Accepted (ET)
Apr 20, 2015 · 4:29 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000036104
Table I — non-derivative securities
No Table I lines on this filing.
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)F1 | $42.94 | Apr 16, 2015 | A | 30,227 | A | — | Apr 16, 2025 | Common Stock, $0.01 par value | 30,227 | 30,227 | D |
| Restricted Stock UnitsF3,F2,F4 | — | Apr 16, 2015 | A | 24,452 | A | Feb 19, 2016 | — | Common Stock, $0.01 par value | 24,452 | 24,452 | D |
Explanation of responses
- F1The option vests in four equal installments beginning on February 19, 2016. This option makes up part of the reporting persons' 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.