SEC Form 4 · accession 0001225208-16-036907
US BANCORP \DE\ · USB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Terrance R Dolan
Officer — Vice Chairman
Period of report
Jul 18, 2016
Accepted (ET)
Jul 20, 2016 · 4:11 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 | $41.88 | Jul 18, 2016 | A | 2,331 | A | — | Jul 18, 2026 | Common Stock, $0.01 par value | 2,331 | 2,331 | D |
Explanation of responses
- F1The option vests in four equal annual installments beginning on February 18, 2017. This option makes up 25% of a long-term incentive compensation award granted to the reporting person. 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.