SEC Form 4 · accession 0001209191-16-134389
CULLEN/FROST BANKERS, INC. · CFR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard Kardys
Officer — Wealth Advisor Sr. Officer
Period of report
Jul 28, 2016
Accepted (ET)
Jul 29, 2016 · 11:38 am 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 | Jul 28, 2016 | M | 10,500 | $57.88 | A | 128,078 | D | |
| Common Stock, $0.01 par value | Jul 28, 2016 | M | 15,000 | $48.85 | A | 143,078 | D | |
| Common Stock, $0.01 par valueF1 | Jul 28, 2016 | S | 25,500 | $69.54 | D | 117,578 | D | |
| Common Stock, $0.01 par value | holding | — | — | — | 36,812 | 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 Options | $57.88 | Jul 28, 2016 | M | 10,500 | D | Oct 24, 2010 | Oct 24, 2016 | Common Stock | 10,500 | 0 | D |
| Employee Stock Options | $48.85 | Jul 28, 2016 | M | 15,000 | D | Oct 22, 2011 | Oct 22, 2017 | Common Stock | 15,000 | 0 | D |
Explanation of responses
- F1The price in Column 4 is based on a weighted average price. The prices actually paid range from $69.45 to $69.60. The reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.