SEC Form 4 · accession 0001225208-16-027270
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 18, 2016
Accepted (ET)
Feb 22, 2016 · 4:54 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 19, 2016 | F | 1,927 | $39.28 | D | 55,074 | D | |
| Common Stock, $0.01 par value | Feb 22, 2016 | F | 2,097 | $40.10 | D | 52,977 | D | |
| Common Stock, $0.01 par valueF1 | holding | — | — | — | 12,472 | I | By 401(k) plan | |
| Common Stock, $0.01 par value | holding | — | — | — | 2,235 | I | By IRA | |
| Common Stock, $0.01 par value | holding | — | — | — | 116,896 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F2 | $39.49 | Feb 18, 2016 | A | 34,779 | A | — | Feb 18, 2026 | Common Stock, $0.01 par value | 34,779 | 34,779 | D |
Explanation of responses
- F1Based on a plan report dated February 1, 2016, the most recent plan report available.
- F2The option vests in four equal annual installments beginning on February 18, 2017. This option makes up 25% of the value of the reporting person's 2016 long-term incentive compensation award. The remaining 75% of the award value was granted in the form of performance-based restricted stock units. The number of units that will be earned and eligible to be settled in shares of common stock, subject to the award's vesting conditions, will be determined in early 2017 based on the company's 2016 performance against certain performance targets and will be reported at the time of such determination.