US BANCORP DEL

Ticker: USB CUSIP: 902973304 Class: COM NEW

Smead Capital Management, Inc.'s Holding History (CIK: 0001427008)

Note: Option positions (PUT/CALL) are excluded.

Q3 2014

Shares 17,784 Value ($000) $744 Avg Close $28.42 Range $27.29 - $29.42

Q2 2014

Shares 17,954 Value ($000) $778 Avg Close $27.92 Range $26.65 - $29.37

Q1 2014

Shares 27,571 Value ($000) $1,181 Avg Close $27.34 Range $25.75 - $29.04

Q4 2013

Shares 27,571 Value ($000) $1,113 Avg Close $25.38 Range $23.60 - $27.00

Q3 2013

Shares 27,571 Value ($000) $1,008 Avg Close $24.34 Range $23.55 - $25.13

Q2 2013

Shares 27,571 Value ($000) $996 Avg Close $22.41 Range $20.89 - $23.92

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2014	17,784	$744	$28.42	$27.29 - $29.42
Q2 2014	17,954	$778	$27.92	$26.65 - $29.37
Q1 2014	27,571	$1,181	$27.34	$25.75 - $29.04
Q4 2013	27,571	$1,113	$25.38	$23.60 - $27.00
Q3 2013	27,571	$1,008	$24.34	$23.55 - $25.13
Q2 2013	27,571	$996	$22.41	$20.89 - $23.92