SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Kelligrew James B

(Last)

(First)

(Middle)

800 NICOLLET MALL

(Street)

MINNEAPOLIS

55402

(City)

(State)

(Zip)

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 Chair

3. Date of Earliest Transaction (Month/Day/Year)
01/12/2016

4. If Amendment, Date of Original Filed (Month/Day/Year)

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. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Series G Preferred Stock Depositary Shares	01/12/2016		S⁽¹⁾		60	D	$26.475	19	I	By JBK Holdings, LLC
Series G Preferred Stock Depositary Shares	01/13/2016		S⁽¹⁾		19	D	$26.475	0.0000	I	By JBK Holdings, LLC
Common Stock, $0.01 par value	01/30/2017		P⁽¹⁾		217	A	$52.682	217	I	By JBK Holdings, LLC
Series F Preferred Stock Depositary Shares	03/16/2017		P⁽¹⁾		28	A	$29.069	222	I	By JBK Holdings, LLC
Common Stock, $0.01 par value	10/30/2018		S⁽¹⁾		2	D	$52.282	215	I	By JBK Holdings, LLC
Common Stock, $0.01 par value	04/25/2019		S⁽¹⁾		64	D	$51.794	151	I	By JBK Holdings, LLC
Series F Preferred Stock Depositary Shares	06/12/2020		P⁽¹⁾		12	A	$26.84	234	I	By JBK Holdings, LLC
Series L Preferred Stock Depositary Shares	10/26/2020		P⁽¹⁾		286	A	$24.611	286	I	By JBK Holdings, LLC
Common Stock, $0.01 par value	12/23/2020		S⁽¹⁾		151	D	$46.925	0.0000	I	By JBK Holdings, LLC
Common Stock, $0.01 par value	01/25/2021		P⁽¹⁾		151	A	$45.627	151	I	By JBK Holdings, LLC
Series K Preferred Stock Depositary Shares	02/17/2021		P⁽¹⁾		189	A	$24.919	189	I	By JBK Holdings, LLC
Common Stock, $0.01 par value	03/09/2021		P⁽¹⁾	V	33	A	$53.131	184	I	By JBK Holdings, LLC
Common Stock, $0.01 par value	03/10/2021		P⁽¹⁾		13	A	$53.644	197	I	By JBK Holdings, LLC
Series F Preferred Stock Depositary Shares	03/16/2021		S⁽¹⁾		35	D	$26.266	199	I	By JBK Holdings, LLC
Common Stock, $0.01 par value	06/23/2021		P⁽¹⁾		31	A	$56.277	228	I	By JBK Holdings, LLC
Series F Preferred Stock Depositary Shares	01/18/2022		J⁽¹⁾		199⁽²⁾	D	$25	0.0000	I	By JBK Holdings, LLC
Series O Preferred Stock Depositary Shares	02/28/2022		P⁽¹⁾		96	A	$23.908	96	I	By JBK Holdings, LLC
Series L Preferred Stock Depositary Shares	07/25/2022		S⁽¹⁾		4	D	$18.143	282	I	By JBK Holdings, LLC
Series O Preferred Stock Depositary Shares	09/26/2022		P⁽¹⁾		58	A	$19.175	154	I	By JBK Holdings, LLC
Series K Preferred Stock Depositary Shares	10/14/2022		P⁽¹⁾		62	A	$16.305	251	I	By JBK Holdings, LLC
Series K Preferred Stock Depositary Shares	11/09/2022		P⁽¹⁾		120	A	$16.698	371	I	By JBK Holdings, LLC
Series K Preferred Stock Depositary Shares	12/21/2022		P⁽¹⁾		68	A	$17.444	439	I	By JBK Holdings, LLC
Common Stock, $0.01 par value	01/13/2023		P⁽¹⁾		4	A	$46.833	232	I	By JBK Holdings, LLC
Series K Preferred Stock Depositary Shares	01/19/2023		P⁽¹⁾		2	A	$18.59	441	I	By JBK Holdings, LLC
Series L Preferred Stock Depositary Shares	01/19/2023		S⁽¹⁾		2	D	$17.75	280	I	By JBK Holdings, LLC
Series K Preferred Stock Depositary Shares	07/06/2023		P⁽¹⁾		80	A	$16.26	521	I	By JBK Holdings, LLC
Series H Preferred Stock Depositary Shares	09/18/2018		G⁽¹⁾		32	D	$0.0000	0.0000	I	By Trust
Common Stock, $0.01 par value								151,927	D
Common Stock, $0.01 par value								886⁽³⁾	I	By 401(k) plan

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction 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 (Month/Day/Year)		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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Reflects transactions conducted by third-party investment advisors in their sole discretion without direction or knowledge from the reporting person or his spouse. Certain of these transactions may be subject to Section 16(b) under the Securities Exchange Act of 1934, as amended, and therefore the reporting person has voluntarily paid $16,880.75 to U.S. Bancorp which is equal to the maximum amount of the profit realized in connection with such transactions, regardless of whether such disgorgement would have actually been required by law.

2. The reported securities were called for redemption by the issuer at a price equal to their liquidation value.

3. Based on a plan report dated August 31, 2023, the most recent plan report available.

Remarks:

Multiple Forms Submitted

	James L. Chosy by power of attorney for James B. Kelligrew	10/20/2023
	** 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.
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