Edgar Filing: JOHNSON JOEL W

Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

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* Johnson, Joel W.	2. Issuer Name and Ticker or Trading Symbol U.S. Bancorp (USB)		6. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director 10% Owner Officer (give title below) Other (specify below)
(Last) (First) (Middle) Hormel Foods Corporation 1 Hormel Place	3. I.R.S. Identification Number of Reporting Person, if an entity (voluntary)	4. Statement for Month/Day/Year 1/02/03
(Street) Austin, MN 55912-3680		5. If Amendment, Date of Original (Month/Day/Year)	7. 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. Trans- action Date (Month/ Day/ Year)	2A. Deemed Execution Date, if any (Month/Day/ Year)	3. Trans- action Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 & 5)			5. Amount of Securities Beneficially Owned Follow- ing Reported Transactions(s) (Instr. 3 & 4)	6. Owner- ship Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

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).

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FORM 4 (continued)

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. Conver-
sion or
Exercise
Price of Derivative Security

3. Trans-
action Date

(Month/
Day/
Year)

3A. Deemed
Execution
Date,
if any
(Month/
Day/
Year)

4. Trans-
action
Code

(Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D)

(Instr. 3, 4 & 5)

6. Date Exercisable
and Expiration
Date
(Month/Day/
Year)

7. Title and Amount of Underlying Securities
(Instr. 3 & 4)

8. Price of Derivative Security
(Instr. 5)

9. Number of
Derivative
Securities
Beneficially
Owned
Following
Reported Transaction(s)
(Instr. 4)

10. Owner-
ship Form
of Deriv-
ative
Security:
Direct (D)
or Indirect (I)
(Instr. 4)

11. Nature of Indirect Beneficial Ownership
(Instr. 4)

Code

(A)

(D)

Date Exer-cisable

Expira-
tion
Date

Title

Amount or Number of
Shares

Restricted Stock Units

1-for-1

⁽¹⁾

Common Stock

2,500

Non-Employee Director Stock Option (Right to Buy)

$21.53

1/02/03

12,200

⁽²⁾

1/02/13

Common Stock

12,200

⁽³⁾

12,200

Non-Employee Director Stock Option (Right to Buy)

$21.64

12/17/12

Common Stock

7,200

Non-Employee Director Stock Option (Right to Buy)

$18.95

10/01/12

Common Stock

575

Non-Employee Director Stock Option (Right to Buy)

$23.18

7/01/12

Common Stock

1,600

Non-Employee Director Stock Option (Right to Buy)

$22.16

4/01/12

Common Stock

575

Non-Employee Director Stock Option (Right to Buy)

$20.78

1/02/12

Common Stock

9,150

Non-Employee Director Stock Option (Right to Buy)

$20.78

1/02/12

Common Stock

8,600

Non-Employee Director Stock Option (Right to Buy)

$20.78

1/02/12

Common Stock

1,500

Non-Employee Director Stock Option (Right to Buy)

$22.02

10/01/11

Common Stock

625

Non-Employee Director Stock Option (Right to Buy)

$23.31

7/02/11

Common Stock

375

Non-Employee Director Stock Option (Right to Buy)

$23.20

4/02/11

Common Stock

625

Non-Employee Director Stock Option (Right to Buy)

$22.60

3/12/11

Common Stock

7,350

Non-Employee Director Stock Option (Right to Buy)

$23.34

2/27/11

Common Stock

15,000

Non-Employee Director Stock Option (Right to Buy)

$16.85

4/19/10

Common Stock

6,451

Non-Employee Director Stock Option (Right to Buy)

$29.35

4/20/09

Common Stock

6,451

Non-Employee Director Stock Option (Right to Buy)

$25.20

2/17/09

Common Stock

9,487

Explanation of Responses:

(1) The restricted stock units vest in four equal annual installments beginning on December 17, 2003. Vested units are payable in common stock when the reporting person retires in accordance with the Company's director retirement policy.
(2) The option vests in four equal annual installments beginning on January 2, 2004.
(3) Stock Option acquired from Issuer in lieu of $60,000 of cash compensation for 2003 director fees under the 2001 Executive Stock Incentive Plan.

By: /s/ By Lee R. Mitau
For Joel W. Johnson
**Signature of Reporting Person

1/03/03
Date

**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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