SEC Form 4 · accession 0001225208-17-012822
US BANCORP \DE\ · USB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Katherine B Quinn
Officer — Vice Chairman
Period of report
Jul 20, 2017
Accepted (ET)
Jul 24, 2017 · 4:35 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 | $52.48 | Jul 20, 2017 | A | 2,716 | A | — | Jul 20, 2027 | Common Stock, $0.01 par value | 2,716 | 2,716 | D |
Explanation of responses
- F1The option vests in four equal annual installments beginning on February 16, 2018. 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 2018 based on the company's 2017 performance against certain performance targets and will be reported at the time of such determination.