Sec Form 4 Filing - Kelligrew James B @ US BANCORP \DE\ - 2016-01-12

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 Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Kelligrew James B 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 (Last) (First) (Middle) 800 NICOLLET MALL 3. Date of Earliest Transaction (MM/DD/YY) 01/12/2016 (Street) MINNEAPOLIS, MN55402 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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) Code V Amount (A) or (D) Price Series G Preferred Stock Depositary Shares 01/12/2016 S( 1 ) 48 D $ 26.475 16 I By Spouse Series G Preferred Stock Depositary Shares 01/13/2016 S( 1 ) 16 D $ 26.475 0 I By Spouse Common Stock, $0.01 par value 01/31/2017 P( 1 ) 440 A $ 52.602 440 I By Spouse Series F Preferred Stock Depositary Shares 03/16/2017 P( 1 ) 24 A $ 29.069 183 I By Spouse Common Stock, $0.01 par value 08/27/2018 P( 1 ) 500 A $ 54.4 940 I By Spouse Common Stock, $0.01 par value 09/17/2018 G( 1 ) 356 A $ 0 1,296 I By Spouse Series B Preferred Stock Depositary Shares 09/17/2018 G( 1 ) 53 A $ 0 53 I By Spouse Series F Preferred Stock Depositary Shares 09/17/2018 G( 1 ) 62 A $ 0 245 I By Spouse Series H Preferred Stock Depositary Shares 09/17/2018 G( 1 ) 33 A $ 0 33 I By Spouse Common Stock, $0.01 par value 05/03/2019 S( 1 ) 221 D $ 53.734 1,075 I By Spouse Series B Preferred Stock Depositary Shares 05/03/2019 P( 1 ) 57 A $ 19.36 110 I By Spouse Series F Preferred Stock Depositary Shares 05/03/2019 P( 1 ) 65 A $ 26.84 310 I By Spouse Series H Preferred Stock Depositary Shares 05/03/2019 P( 1 ) 14 A $ 25.33 47 I By Spouse Series K Preferred Stock Depositary Shares 05/03/2019 P( 1 ) 23 A $ 26.08 23 I By Spouse Series K Preferred Stock Depositary Shares 09/16/2019 P( 1 ) 23 A $ 26.69 46 I By Spouse Common Stock, $0.01 par value 09/17/2019 P( 1 ) 107 A $ 55.779 1,182 I By Spouse Series H Preferred Stock Depositary Shares 11/07/2019 S( 1 ) 8 D $ 25.287 39 I By Spouse Series H Preferred Stock Depositary Shares 11/07/2019 S( 1 ) 39 D $ 25.186 0 I By Spouse Common Stock, $0.01 par value 11/19/2019 S( 1 ) 9 D $ 59.518 1,173 I By Spouse Common Stock, $0.01 par value 06/04/2020 S( 1 ) 163 D $ 39.61 1,010 I By Spouse Common Stock, $0.01 par value 12/23/2020 S( 1 ) 268 D $ 46.855 742 I By Spouse Common Stock, $0.01 par value 12/23/2020 S( 1 ) 742 D $ 46.577 0 I By Spouse Common Stock, $0.01 par value 01/25/2021 P( 1 ) 725 A $ 45.919 725 I By Spouse Series F Preferred Stock Depositary Shares 03/16/2021 S( 1 ) 20 D $ 26.266 290 I By Spouse Common Stock, $0.01 par value 01/11/2022 P( 1 ) 143 A $ 62.01 868 I By Spouse Series F Preferred Stock Depositary Shares 01/18/2022 J( 1 ) 290 ( 2 ) D $ 25 0 I By Spouse Series B Preferred Stock Depositary Shares 09/19/2022 S( 1 ) 3 D $ 19.446 107 I By Spouse Common Stock, $0.01 par value 12/15/2022 S( 1 ) 868 D $ 42.729 0 I By Spouse Common Stock, $0.01 par value 01/13/2023 P( 1 ) 403 A $ 46.833 403 I By Spouse Common Stock, $0.01 par value 01/17/2023 P( 1 ) 863 A $ 47.665 1,266 I By Spouse

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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 7. Title and Amount of Underlying Securities (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

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Kelligrew James B 800 NICOLLET MALL MINNEAPOLIS, MN55402 Vice Chair Signatures James L. Chosy by power of attorney for James B. Kelligrew 10/20/2023 Signature of Reporting Person Date

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.

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).

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