US BANCORP DEL

Ticker: USB CUSIP: 902973304 Class: COM NEW

ELEMENT CAPITAL MANAGEMENT LLC's Holding History (CIK: 0001535630)

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

Q4 2016

Shares 526,422 Value ($000) $27,042 Avg Close $33.77 Range $30.08 - $37.40

Q2 2016

Shares 145,881 Value ($000) $5,883 Avg Close $29.17 Range $26.97 - $30.79

Q1 2016

Shares 152,319 Value ($000) $6,183 Avg Close $27.80 Range $25.81 - $29.12

Q4 2015

Shares 32,864 Value ($000) $1,402 Avg Close $29.59 Range $27.19 - $30.86

Q3 2015

Shares 19,818 Value ($000) $813 Avg Close $29.81 Range $26.70 - $31.82

Q2 2015

Shares 10,400 Value ($000) $451,360 Avg Close $29.91 Range $28.81 - $30.98

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2016	526,422	$27,042	$33.77	$30.08 - $37.40
Q2 2016	145,881	$5,883	$29.17	$26.97 - $30.79
Q1 2016	152,319	$6,183	$27.80	$25.81 - $29.12
Q4 2015	32,864	$1,402	$29.59	$27.19 - $30.86
Q3 2015	19,818	$813	$29.81	$26.70 - $31.82
Q2 2015	10,400	$451,360	$29.91	$28.81 - $30.98