X0305 4 2012-04-26 0000072971 WELLS FARGO & COMPANY/MN WFC 0001232064 CARROLL DAVID M ONE WELLS FARGO CENTER CHARLOTTE NC 28288 1 Senior Exec. Vice President Common Stock, $1 2/3 Par Value 2012-04-26 4 M 0 235973 13.05 A 327163 D Common Stock, $1 2/3 Par Value 2012-04-26 4 F 0 152540 33.84 D 174623 D Common Stock, $1 2/3 Par Value 2012-04-27 4 S 0 48700 33.8855 D 125923 D Common Stock, $1 2/3 Par Value 1070.3316 I Through 401(k) Plan Employee Stock Purchase Option 13.05 2012-04-26 4 M 0 235973 0 D Common Stock, $1 2/3 Par Value 235973 40175 D The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $33.87 to $33.895, inclusive. The reporting person undertakes to provide to Wells Fargo & Company, any security holder of Wells Fargo & Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each seperate price within the ranges set forth in footnote (1) to this Form 4. Reflects share equivalent of units in Wells Fargo ESOP Fund of 401(k) Plan as of March 30, 2012, as if investable cash equivalents held by Plan were fully invested in Wells Fargo & Company (the "Company") common stock. The employee stock options granted will become exercisable in three equal annual installments beginning on February 24, 2010, 2011 and 2012. As a condition to receiving the grant, the reporting person agreed to hold, while employed by the Company and for at least one year after retirement, shares of Company common stock equal to at least 50% of the after-tax shares (assuming a 50% tax rate) acquired upon exercise of these options. David M. Carroll, by Ross E. Jeffries, as Attorney-in-Fact 2012-04-30