SEC Form 4 · accession 0001179110-18-011137
INTERNATIONAL BANCSHARES CORP · IBOC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Antonio R Sanchez Jr.
Director · 10% Owner
Period of report
Sep 4, 2018
Accepted (ET)
Sep 6, 2018 · 1:28 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000315709
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| COMMON STOCKF1,F2 | Aug 27, 2018 | J | 200,000 | — | D | 2,666,520 | I | HELD IN TRUST |
| COMMON STOCKF1 | Aug 27, 2018 | J | 200,000 | — | A | 1,865,131 | D | |
| COMMON STOCKF3 | Sep 4, 2018 | S | 114,352 | $46.84 | D | 1,750,779 | D | |
| COMMON STOCKF4 | Sep 5, 2018 | S | 85,648 | $46.69 | D | 1,665,131 | D | |
| COMMON STOCK | holding | — | — | — | 767,439 | I | HELD IN PARTNERSHIP |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On August 27, 2018, a charitable lead annuity trust of which the reporting person is the trustee made a distribution of 200,000 shares to the reporting person's non exempt spousal trust, which trust immediately distributed such shares to the reporting person.
- F2The reporting person disclaims beneficial ownership of the reported securities except to the extent of pecuniary interest therein, if any.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $46.75 to $47.23, inclusive. The reporting person undertakes to provide to International Bancshares Corporation, any security holder of International Bancshares Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth.
- F4The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $46.50 to $46.90, inclusive. The reporting person undertakes to provide to International Bancshares Corporation, any security holder of International Bancshares Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth.