-----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, FsYU3W7XLJu1JZV/WRamA+QYM2x/2og1bEXQzQOAy1gKSCW1JjMP7wRjceKINWh5 rPWK1E3uWrngiBNyNUvNAw== 0001209191-04-003371.txt : 20040116 0001209191-04-003371.hdr.sgml : 20040116 20040116134202 ACCESSION NUMBER: 0001209191-04-003371 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20040113 FILED AS OF DATE: 20040116 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: GRUNDHOFER JERRY A CENTRAL INDEX KEY: 0001105789 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 333-65358 FILM NUMBER: 04529275 BUSINESS ADDRESS: STREET 1: 7000 MIDLAND BLVD CITY: AMELIA STATE: OH ZIP: 45102 BUSINESS PHONE: 5139437500 ISSUER: 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 BUSINESS ADDRESS: STREET 1: U.S.BANCORP STREET 2: 800 NICOLLET MALL CITY: MINNEAPOLIS STATE: MN ZIP: 55402 BUSINESS PHONE: (612)973-1111 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 4 1 bmn82161_bmn2jag.xml MAIN DOCUMENT DESCRIPTION X0201 42004-01-1300000036104US BANCORP \DE\ USB0001105789GRUNDHOFER JERRY A800 NICOLLET MALLMINNEAPOLISMN554021100President, Chairman & CEOEmployee Stock Option (Right to Buy)4.19482004-01-134D0329491D2004-06-11Common Stock3294910DDeferred Compensation Plan Participation2004-01-154A027935827.57ACommon Stock279358800157.22DDeferred Compensation Plan ParticipationCommon Stock501900.46501900.46DRestricted Stock UnitsCommon Stock245725245725DRestricted Stock Units2006-12-312006-12-31Common Stock327153327153DEmployee Stock Option (Right to Buy)21.492012-12-17Common Stock678583678583DEmployee Stock Option (Right to Buy)19.102011-12-18Common Stock10068001006800DEmployee Stock Option (Right to Buy)21.542010-12-12Common Stock10772761077276DEmployee Stock Option (Right to Buy)21.232009-12-14Common Stock594012594012DEmployee Stock Option (Right to Buy)23.632008-11-20Common Stock604080604080DEmployee Stock Option (Right to Buy)23.632008-11-20Common Stock543672543672DEmployee Stock Option (Right to Buy)18.792007-12-09Common Stock53255325DEmployee Stock Option (Right to Buy)18.792007-12-09Common Stock538347538347DEmployee Stock Option (Right to Buy)10.042006-12-10Common Stock99499949DEmployee Stock Option (Right to Buy)10.042006-12-09Common Stock533723533723DEmployee Stock Option (Right to Buy)6.722006-12-12Common Stock1487814878DEmployee Stock Option (Right to Buy)6.722005-12-09Common Stock528794528794DEmployee Stock Option (Right to Buy)3.742004-12-10Common Stock543672543672DThe exercise price and number of shares subject to the option were adjusted to preserve the economic value of the option in connection with the spin-off of the company's Piper Jaffray subsidiary on Decem ber 31, 2003, by multiplying the number of shares subject to the option, and dividing the option price, by 1.0068.Option cancelled pursuant to a revocable surrender election made on July 14, 2003 in exchange for Deferred Compensation Plan Participation.The option vested in four equal annual installments beginning on June 14, 1995.Deferred Compensation Plan Participation converts into common stock on a one-for-one basis and is payable in common stock following termination of the reporting person's employment with U.S. Bancorp.Amount credited to the reporting person's deferred compensation plan account in connection with the cancellation of the stock option reported on this form.Amount credited to the reporting person's deferred compensation plan account is equal to the difference between the closing market price of the registrant's common stock on January 14, 2004 ($ 27.57) and the exercise price of the surrendered stock option reported on this form ($4.1948), multiplied by the number of shares subject to such option (329,491).Includes an adjustment to the number of units in the reporting person's deferred compensation plan account in order to preserve the economic value of the plan participation in connection with the spin-off of the company's Piper Jaffray subsidiary on December 31, 2003, by multiplying the number of units in the account by .01475.Deferred Compensation Plan Participation is valued against U.S. Bancorp common stock and becomes payable, in cash or in common stock, at the election of the reporting person, following the termination of the reporting person's employment with U.S. Bancorp.Restricted stock units convert into common stock on a one-for-one basis.The restricted stock units vest 100% on December 17, 2006, or if the Total Shareholder Return of U.S. Bancorp exceeds the median Total Shareholder Return of a specified peer group for each of the three years following the grant date then vesting will accelerate to February 1, 2006. The shares will be distributed in two equal installments on the first and second anniversary of the later of the reporting person's attaining the age of 62 or his retirement.The option vested in four equal annual installments beginning on December 13, 1995.The option vests 100% on December 17, 2006, or 25% on December 17th of each of 2003, 2004, 2005 and 2006 if certain performance criteria are met in those years.The option vests in four equal annual installments beginning on December 18, 2002.The option vests in four equal annual installments beginning on December 12, 2001.The option vested in four equal annual installments beginning on December 14, 2000. The option vested in four equal annual installments beginning on November 20, 1999.The option vested in four equal annual installments beginning on December 9, 1998.The option vested in four equal annual installments beginning on December 10, 1997.The option vested in four equal annual installments beginning on December 12, 1996.Includes restricted stock units acquired in October pursuant to a dividend reinvestment feature of the reporting person's restricted stock unit award and includes an adjustment to the number of restricted stock units in order to preserve the economic value of the plan participation in connection with the spin-off of the company's Piper Jaffray subsidiary on December 31, 2003, by multiplying the number of units in the account by .01475.Lee R. Mitau for Jerry A. Grundhofer2004-01-16 -----END PRIVACY-ENHANCED MESSAGE-----