FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response... 0.5
                      
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

CARLSON JENNIE P 		2. Issuer Name and Ticker or Trading Symbol

US BANCORP DE [ USB ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
EVP, Human Resources
(Last)          (First)          (Middle)

800 NICOLLET MALL 		3. Date of Earliest Transaction (MM/DD/YYYY)

2/14/2015
(Street)

MINNEAPOLIS, MN 55402
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 		4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, $0.01 par value   2/14/2015     M    7369.0000   A $0.0000   7369.0000   D    
Common Stock, $0.01 par value   2/15/2015     M    6213.0000   A $0.0000   13582.0000   D    
Common Stock, $0.01 par value   2/16/2015     M    10478.0000   A $0.0000   24060.0000   D    
Common Stock, $0.01 par value   2/16/2015     M    6736.0000   A $0.0000   30796.0000   D    
Common Stock, $0.01 par value   2/17/2015     M    39117.0000   A $35.7600   69913.0000   D    
Common Stock, $0.01 par value   2/17/2015     F    11727.0000   D $44.8900   58186.0000   D    
Common Stock, $0.01 par value   2/17/2015     S    39117.0000   D $45.1100   (1) 19069.0000   D    
Common Stock, $0.01 par value                  12185.0000   (2) I   By 401(k) plan  
Common Stock, $0.01 par value                  2235.0000   I   By IRA  
Common Stock, $0.01 par value                  94773.0000   I   By Spouse  

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8) 		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) 		8. Price of Derivative Security
(Instr. 5) 		9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units     (3) 2/14/2015     M         7369.0000    2/14/2014   (4)   (4) Common Stock, $0.01 par value   7369.0000   $0.0000   14738.0000   D    
Restricted Stock Units     (3) 2/15/2015     M         6213.0000    2/15/2013   (4)   (4) Common Stock, $0.01 par value   6213.0000   $0.0000   6215.0000   D    
Restricted Stock Units     (3) 2/16/2015     M         6736.0000    2/16/2012   (4)   (4) Common Stock, $0.01 par value   6736.0000   $0.0000   0.0000   D    
Restricted Stock Units     (3) 2/16/2015     M         10478.0000    2/16/2013   (5)   (5) Common Stock, $0.01 par value   10478.0000   $0.0000   0.0000   D    
Employee Stock Option (Right to Buy)   $35.7600   2/17/2015     M         39117.0000      (6) 1/17/2017   Common Stock, $0.01 par value   39117.0000   $0.0000   181471.0000   D    

Explanation of Responses:
( 1)  The price in Column 4 is a weighted average price. The prices actually received ranged from $45.10 to $45.17. 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.
( 2)  Based on a plan report dated February 11, 2015, the most recent plan report available.
( 3)  Restricted stock units convert into common stock on a one-for-one basis at the time of vesting.
( 4)  The restricted stock units vest in four equal annual installments beginning on the date listed in the Date Exercisable column of Box 6.
( 5)  Vesting of these Restricted Stock Units was contingent upon the company meeting a pre-established performance target. The performance target was met, and 50% of the units vested on the date listed in the Date Exercisable column of Box 6, with the remaining vesting occurring in 25% increments on the fourth and fifth anniversaries of the grant date. These Restricted Stock Units were granted in 2010 as a special retention award for the reporting person.
( 6)  The option vested in four equal annual installments beginning on January 17, 2008.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
CARLSON JENNIE P
800 NICOLLET MALL
MINNEAPOLIS, MN 55402

EVP, Human Resources

Signatures
James L. Chosy for Jennie P. Carlson 2/18/2015
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
US Bancorp (NYSE:USB)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more US Bancorp Charts.
US Bancorp (NYSE:USB)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more US Bancorp Charts.