SEC Form 4 · accession 0001225208-17-001872
US BANCORP \DE\ · USB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard K Davis
Officer — Chairman and CEO · Director
Period of report
Jan 25, 2017
Accepted (ET)
Jan 27, 2017 · 4:18 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 valueF1 | Jan 25, 2017 | M | 707,726 | $31.04 | A | 1,504,607 | D | |
| Common Stock, $0.01 par valueF2 | Jan 25, 2017 | S | 707,726 | $52.45 | D | 796,881 | D | |
| Common Stock, $0.01 par valueF3 | Jan 26, 2017 | A | 171,784 | $0.00 | A | 968,665 | D | |
| Common Stock, $0.01 par valueF4 | holding | — | — | — | 18,604 | I | By 401(k) plan | |
| Common Stock, $0.01 par value | holding | — | — | — | 195,504 | I | By Spouse's Trust |
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)F5 | $31.04 | Jan 25, 2017 | M | 707,726 | D | — | Jan 16, 2018 | Common Stock, $0.01 par value | 707,726 | 0 | D |
Explanation of responses
- F1Includes amounts acquired pursuant to dividend reinvestment.
- F2The 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.
- F3The 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.
- F4Based on a plan report dated December 31, 2016, the most recent plan report available.
- F5The option vested in four equal annual installments beginning on January 16, 2009.