4//SEC Filing
Thormodsgard Diane L 4
Accession 0001225208-10-005024
CIK 0000036104other
Filed
Feb 17, 7:00 PM ET
Accepted
Feb 18, 5:11 PM ET
Size
15.0 KB
Accession
0001225208-10-005024
Insider Transaction Report
Form 4
Thormodsgard Diane L
Vice Chairman
Transactions
- Tax Payment
Common Stock, $0.01 par value
2010-02-16$23.52/sh−376$8,844→ 771 total - Award
Restricted Stock Units
2010-02-16+23,051→ 23,051 totalExercise: $0.00From: 2011-02-16→ Common Stock, $0.01 par value (23,051 underlying) - Award
Employee Stock Option (Right to Buy)
2010-02-16+66,026→ 66,026 totalExercise: $23.86Exp: 2020-02-16→ Common Stock, $0.01 par value (66,026 underlying) - Award
Restricted Stock Units
2010-02-16+23,051→ 23,051 totalExercise: $0.00From: 2013-02-16→ Common Stock, $0.01 par value (23,051 underlying)
Holdings
- 4,566.831(indirect: By 401(k))
Common Stock, $0.01 par value
- 34,265(indirect: By Trust)
Common Stock, $0.01 par value
- 39,501(indirect: By Trust)
Common Stock, $0.01 par value
Footnotes (6)
- [F1]Based on a plan report dated February 8, 2010, the most recent plan report available.
- [F2]The option vests in four equal annual installments beginning on February 16, 2011. This option makes up part of the reporting person's annual long-term incentive compensation grant.
- [F3]Restricted stock units convert into common stock on a one-for-one basis at the time of vesting.
- [F4]Prior to the first vesting, the number of units subject to the award will be adjusted based on the company's one-year performance against certain performance targets set on the grant date. The number of units may increase to as much as 150%, or decrease to as little as 25%, of the initial number of units. These Restricted Stock Units make up part of the reporting person's long-term incentive compensation grant.
- [F5]The Restricted Stock Units vest in four equal annual installments begining on the date listed in the Date Exercisable column of Box 6.
- [F6]Vesting of these Restricted Stock Units is contingent upon the company's meeting a pre-established performance target relating to average return on equity in 2010, 2011 and 2012. If this performance target is met, then 50% of these Restricted Stock Units vest on the third anniversary of the grant date, 25% on the fourth anniversary and 25% on the fifth anniversary. If the performance target is not met, these Restricted Stock Units will be forfeited. The date listed in the Date Exercisable column of Box 6 is the first possible vesting date. These Restricted Stock Units were granted as a special retention award for the reporting person.
Documents
Issuer
US BANCORP \DE\
CIK 0000036104
Entity typeother
Related Parties
1- filerCIK 0001389475
Filing Metadata
- Form type
- 4
- Filed
- Feb 17, 7:00 PM ET
- Accepted
- Feb 18, 5:11 PM ET
- Size
- 15.0 KB