-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Uj2qQmEM30h97K//zh+n+7u+rUPxMAaxp+DGs1KBIvz2EtLc/4fbIoMear7pq7hp biaPbaPPtIbk5IVCAXWgGw== 0000950134-05-023024.txt : 20051212 0000950134-05-023024.hdr.sgml : 20051212 20051212173041 ACCESSION NUMBER: 0000950134-05-023024 CONFORMED SUBMISSION TYPE: 424B7 PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20051212 DATE AS OF CHANGE: 20051212 FILER: COMPANY DATA: COMPANY CONFORMED NAME: US BANCORP \DE\ CENTRAL INDEX KEY: 0000036104 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 410255900 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 424B7 SEC ACT: 1933 Act SEC FILE NUMBER: 333-128390 FILM NUMBER: 051259235 BUSINESS ADDRESS: STREET 1: U.S.BANCORP STREET 2: 800 NICOLLET MALL CITY: MINNEAPOLIS STATE: MN ZIP: 55402 BUSINESS PHONE: (651)466-3000 MAIL ADDRESS: STREET 1: U.S.BANCORP STREET 2: 800 NICOLLET MALL CITY: MINNEAPOLIS STATE: MN ZIP: 55402 FORMER COMPANY: FORMER CONFORMED NAME: FIRST BANK SYSTEM INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: FIRST BANK STOCK CORP DATE OF NAME CHANGE: 19720317 424B7 1 c00745e424b7.htm PROSPECTUS SUPPLEMENT e424b7
 

Filed Pursuant to Rule 424(b)(7)
File No. 333-128390
Prospectus Supplement No. 1
to Prospectus Dated December 5, 2005
$2,500,000,000
(US BANCORP LOGO)
Floating Rate Convertible Senior Debentures due 2035

This prospectus supplement supplements information contained in the prospectus dated December 5, 2005 relating to the offer and sale from time to time by certain selling securityholders of up to $2,500,000,000 aggregate principal amount of our Floating Rate Convertible Senior Debentures due 2035 and any shares of common stock issuable upon conversion of the debentures. The terms of the debentures are set forth in the prospectus dated December 5, 2005. This prospectus supplement should be read in conjunction with, and may not be delivered or utilized without, the prospectus. This prospectus supplement is qualified by reference to the prospectus, except to the extent that the information in this prospectus supplement supersedes the information contained in the prospectus. The terms of the debentures are set forth in the prospectus.
The securities offered hereby involve significant risks and uncertainties. These risks are described under the caption “Risk Factors” beginning on page 5 of the prospectus. You should consider these Risk Factors before purchasing these securities.
The debentures are not deposits or other obligations of a depository institution and are not insured by the Federal Deposit Insurance Corporation, The Bank Insurance Fund or any other governmental agency.
Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense.
SELLING SECURITYHOLDERS
     The information in the table appearing under the caption “Selling Securityholders” in the prospectus is modified by adding the information below with respect to persons not previously listed in the prospectus or in any amendments or supplements thereto, and by superseding the information with respect to persons previously listed in the prospectus with the information that is set forth below.
                                         
            Shares of Common                  
    Principal Amount     Stock Beneficially     Common             Common Stock  
    of Debentures     Owned Upon     Stock Offered Upon     Debentures Owned     Owned After  
    Beneficially Owned     Conversion of     Conversion of     After Completion of     Completion of  
Name   and Offered     Debentures(1)     Debentures(1)     Offering(2)     Offering(2)  
Conseco Insurance Company -
                                       
Multi-Bucket Annuity Convertible Bond Fund
    750,000       20,798       20,798       0       0  
National Bank of Canada
    7,475,000       207,293       207,293       0       0  
Thrivent Financial for Lutherans
    9,000,000       249,584       249,584       0       19,600  
UBS O’Connor LLC F/B/O O’Connor
                                       
Global Convertible Arbitrage Master Limited
    9,230,000       255,962       255,962       0       0  
UBS O’Connor LLC F/B/O O’Connor
                                       
Global Convertible Arbitrage II Master Limited
    770,000       21,353       21,353       0       0  
Other (3)(4)
    814,486,000                                  
 


 

(1)   Assumes conversion of all of the holders’ debentures at the maximum initial conversion rate of 27.7316 shares per debenture. However, the maximum conversion rate is subject to adjustment as described under “Description of Debentures—Conversion Rights—Conversion Rate Adjustments.” As a result, the amount of common stock issuable upon conversion of the debentures may increase or decrease in the future.
 
(2)   Assumes that all of the debentures and/or all of the common stock into which the debentures are convertible are sold. No selling securityholder will own more than 1% of our outstanding common stock after the offering by such securityholder.
 
(3)   Information about other selling securityholders will be set forth in an amendment to the registration statement of which this prospectus is a part or in prospectus supplements, as required.
 
(4)   Assumes that any other holders of debentures, or any future transferees, pledgees, donees or successors of or from any such other holders of debentures, do not beneficially own any common stock other than the common stock issuable upon conversion of the debentures.
     We prepared this table based on the information supplied to us by the selling securityholders named in the table. The selling securityholders listed in the above table may have sold or transferred, in transactions exempt from the registration requirements of the Securities Act, some or all of their debentures since the date on which the information is presented in the above table. Information about the selling securityholders may change over time. Any changed information will be set forth in prospectus supplements and/or amendments to the registration statement of which the prospectus, as supplemented by this prospectus supplement, is a part.
     Because the selling securityholders may offer all or some of their debentures or the underlying common stock from time to time, we cannot estimate the amount of the debentures or the underlying common stock that will be held by the selling securityholders upon the termination of any particular offering. See the section of the prospectus captioned “Plan of Distribution.”
     None of the named selling securityholders nor any of their affiliates, officers, directors or principal equity holders has held any position or office or has had any material relationship with us within the past three years.
The date of this prospectus supplement is December 12, 2005.

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