SEC Form 4 · accession 0001225208-17-001870

US BANCORP \DE\ · USB

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

Reporting owner

Officer — President and COO · Director

Period of report

Jan 25, 2017

Accepted (ET)

Jan 27, 2017 · 4:15 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	Jan 25, 2017	M	374,636	$31.04	A	909,919	D
Common Stock, $0.01 par value^F1	Jan 25, 2017	S	374,636	$52.45	D	535,283	D
Common Stock, $0.01 par value^F2	Jan 26, 2017	A	116,369	$0.00	A	651,652	D
Common Stock, $0.01 par value^F3	holding	—	—		—	10,904	I	By 401(k) plan
Common Stock, $0.01 par value	holding	—	—		—	341	I	By Spouse

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Employee Stock Option (Right to Buy)^F4	$31.04	Jan 25, 2017	M	374,636	D	—	Jan 16, 2018	Common Stock, $0.01 par value	374,636	0	D

F1The price in Column 4 is a weighted average price. The prices actually received ranged from $52.25 to $52.58. The reporting person will provide to the issuer, any security holder of the issuer or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.
F2The performance-based restricted stock units vest in four equal annual installments beginning on February 18, 2017. These units made up 75% of the value of the reporting person's 2016 long-term incentive compensation award granted on February 18, 2016. The number of units earned and eligible to be settled in shares of common stock was determined on January 26, 2017, based on the company's 2016 performance against certain preset performance targets.
F3Based on a plan report dated December 31, 2016, the most recent plan report available.
F4The option vested in four equal annual installments beginning on January 16, 2009.