X0306 4 2016-01-25 0000036104 US BANCORP \DE\ USB 0001185481 DOLAN TERRANCE R 800 NICOLLET MALL MINNEAPOLIS MN 55402 1 Vice Chairman Common Stock, $0.01 par value 2016-01-25 4 A 0 944.0000 0.0000 A 84402.0000 D Common Stock, $0.01 par value 5281.0000 I By 401(k) plan A grant of performance-based restricted stock units was awarded to the Reporting Person on February 19, 2015, and the target amount of such award was reported on Table II of a Form 4 filed on February 23, 2015. The final number of restricted stock units subject to the award could be more or less than the target number based on certain fiscal 2015 corporate performance measures. On January 25, 2016, the final number of units subject to the award was determined. The number of performance-based restricted stock units reported in this box is the number of units by which the final award exceeds the number of units originally reported. This number includes 60,643 unvested restricted stock units previously reported on Table II. Based on a plan report dated December 31, 2015, the most recent plan report available. James L. Chosy for Terrance R. Dolan 2016-01-27