US BANCORP \DE\ 4
4 · US BANCORP \DE\ · Filed Feb 24, 2014
Insider Transaction Report
Form 4
LaFontaine Michael S.
EVP, Chief Oper. Risk Officer
Transactions
- Award
Restricted Stock Units
2014-02-20+18,601→ 18,601 totalFrom: 2015-02-20→ Common Stock, $0.01 par value (18,601 underlying) - Award
Employee Stock Option (Right to Buy)
2014-02-20+21,969→ 21,969 totalExercise: $40.32Exp: 2024-02-20→ Common Stock, $0.01 par value (21,969 underlying)
Footnotes (4)
- [F1]The options vest in four equal annual installments beginning on February 20, 2015. These options make up part of the reporting person's 2014 long-term incentive compensation grant.
- [F2]Restricted stock units convert into common stock on a one-for-one basis at the time of vesting.
- [F3]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 125%, or decrease to as little as 0%, of the initial number of units. These restricted stock units make up part of the reporting person's 2014 long-term incentive compensation grant.
- [F4]The restricted stock units vest in four equal annual installments beginning on the date listed in the Date Exercisable column of Box 6.