SEC Form 4 · accession 0001225208-17-001884

US BANCORP \DE\ · USB

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

Reporting owner

Officer — EVP, Human Resources

Period of report

Jan 26, 2017

Accepted (ET)

Jan 27, 2017 · 4:23 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^F1	Jan 26, 2017	A	28,814	$0.00	A	65,185	D
Common Stock, $0.01 par value	Jan 26, 2017	M	20,000	$13.10	A	85,185	D
Common Stock, $0.01 par value	Jan 26, 2017	S	20,000	$52.75	D	65,185	D
Common Stock, $0.01 par value^F2	holding	—	—		—	12,749	I	By 401(k) plan
Common Stock, $0.01 par value	holding	—	—		—	2,235	I	By IRA
Common Stock, $0.01 par value	holding	—	—		—	133,502	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)^F3	$13.10	Jan 26, 2017	M	20,000	D	—	Mar 2, 2019	Common Stock, $0.01 par value	20,000	80,741	D

F1The 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.
F2Based on a plan report dated December 31, 2016, the most recent plan report available.
F3The option vested in four equal annual installments beginning on March 2, 2010.