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 *

Stone Kent V.
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)
Vice Chairman
(Last)          (First)          (Middle)

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

11/9/2016
(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   11/9/2016     M    25000.0000   A $32.7000   109742.0000   D    
Common Stock, $0.01 par value   11/9/2016     S    25000.0000   D $45.9900   (1) 84742.0000   D    
Common Stock, $0.01 par value   11/10/2016     M    26798.0000   A $32.7000   111540.0000   D    
Common Stock, $0.01 par value   11/10/2016     S    26798.0000   D $47.3400   (2) 84742.0000   D    
Common Stock, $0.01 par value                  15799.0000   (3) I   By 401(k) plan  
Common Stock, $0.01 par value                  24189.0000   I   By Trust  

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
Employee Stock Option (Right to Buy)   $32.7000   11/9/2016     M         25000.0000      (4) 2/12/2018   Common Stock, $0.01 par value   25000.0000   $0.0000   26798.0000   D    
Employee Stock Option (Right to Buy)   $32.7000   11/10/2016     M         26798.0000      (4) 2/12/2018   Common Stock, $0.01 par value   26798.0000   $0.0000   0.0000   D    

Explanation of Responses:
( 1)  The price in Column 4 is a weighted average price. The prices actually received ranged from $45.95 to $46.02. 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)  The price in Column 4 is a weighted average price. The prices actually received ranged from $47.34 to $47.36. 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.
( 3)  Based on a plan report dated October 31, 2016, the most recent plan report available.
( 4)  The option vested in four equal annual installments beginning on February 12, 2009.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Stone Kent V.
800 NICOLLET MALL
MINNEAPOLIS, MN 55402


Vice Chairman

Signatures
James L. Chosy for Kent V. Stone 11/14/2016
** 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 Feb 2024 to Mar 2024 Click Here for more US Bancorp Charts.
US Bancorp (NYSE:USB)
Historical Stock Chart
From Mar 2023 to Mar 2024 Click Here for more US Bancorp Charts.