SEC Form 4 · accession 0001209191-15-077199

CULLEN/FROST BANKERS, INC. · CFR

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Chairman and CEO · Director

Period of report

Oct 25, 2015

Accepted (ET)

Oct 28, 2015 · 7:17 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000039263

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock, $0.01 par value	Oct 25, 2015	M	22,320	$0.00	A	388,568	D
Common Stock, $0.01 par value	Oct 25, 2015	F	9,363	$66.22	D	379,205	D
Common Stock, $0.01 par value^F1	holding	—	—		—	120	I	Through Limited Partnership
Common Stock, $0.01 par value	holding	—	—		—	60,511	I	Through 401(k) Plan

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Stock Units^F2	—	Oct 25, 2015	M	22,320	D	Oct 25, 2015	Oct 25, 2015	Common Stock	22,320	0	D
Employee Stock Option^F3	$65.11	Oct 27, 2015	A	76,680	A	—	Oct 27, 2025	Common Stock	76,680	76,680	D
Restricted Stock Units^F2,F4	—	Oct 27, 2015	A	15,380	A	—	—	Common Stock	15,380	15,380	D

F1Mr. Evans holds a 1% interest in the limited partnership (the "LP") through its general partner, a limited liability company of which he is the sole manager. The number of shares reported assumes that each LP interest represents a proportionate interest in the shares of the Issuer's common stock in which the LP has a pecuniary interest.
F2Each restricted stock unit represents the right to receive one share of Cullen/Frost common stock.
F3Vest 25% per year for four years from grant date of 10-27-2015.
F4Generally vest after four years from grant date of 10-27-2015.