SEC Form 4 · accession 0001209191-15-077207
CULLEN/FROST BANKERS, INC. · CFR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jerry Salinas
Officer — GEVP and CFO
Period of report
Oct 27, 2015
Accepted (ET)
Oct 28, 2015 · 7:24 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 valueF1 | Oct 27, 2015 | A | 3,080 | $0.00 | A | 11,570 | D | |
| Common Stock, $0.01 par valueF2 | holding | — | — | — | 21 | I | Custodian for Daughter's UTMA Account | |
| Common Stock, $0.01 par value | holding | — | — | — | 19,790 | I | Through 401(k) Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock OptionF3 | $65.11 | Oct 27, 2015 | A | 15,340 | A | — | Oct 27, 2025 | Common Stock | 15,340 | 15,340 | D |
Explanation of responses
- F1Restricted stock award with four year restriction period.
- F2The 21 shares were purchased by Mr. Salinas as custodian of an account for the benefit of his child under the Uniform Transfer to Minors Act.
- F3Vest 25% per year for four years from grant date.