SEC Form 4 · accession 0001209191-16-134754
CULLEN/FROST BANKERS, INC. · CFR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Patrick B Frost
Officer — President of Frost Bank · Director
Period of report
Aug 1, 2016
Accepted (ET)
Aug 2, 2016 · 12:11 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 | Aug 1, 2016 | M | 10,500 | $57.88 | A | 160,147 | D | |
| Common Stock, $0.01 par value | Aug 1, 2016 | S | 10,500 | $67.73 | D | 149,647 | D | |
| Common Stock, $0.01 par valueF1 | holding | — | — | — | 630 | I | By Spouse | |
| Common Stock, $0.01 par value | holding | — | — | — | 3,855 | I | Custodian for Children | |
| Common Stock, $0.01 par valueF2 | holding | — | — | — | 121,406 | I | Through Trust | |
| Common Stock, $0.01 par valueF3 | holding | — | — | — | 1,486 | I | Through Limited Liability Company | |
| Common Stock, $0.01 par valueF4 | holding | — | — | — | 26,276 | I | Through Trust | |
| Common Stock, $0.01 par value | holding | — | — | — | 32,736 | 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 | Aug 1, 2016 | M | 10,500 | D | Oct 24, 2010 | Oct 24, 2016 | Common Stock | 10,500 | 0 | D |
Explanation of responses
- F1Mr. Frost disclaims beneficial ownership of these shares.
- F2Reflects limited partnership ("LP") interests held by a trust of which Mr. Frost is the sole trustee and Mr. Frost is a beneficiary. The number of shares reported assumes that each LP interest represents a proportionate interest in the shares of common stock in which the LP has a pecuniary interest.
- F3The number of shares reported assumes each limited liability company interest represents a proportionate interest in the shares of common stock in which the limited liability company has a pecuniary interest. Mr. Frost is the manager of the limited liability company.
- F4Reflects LP interests held by a trust of which Mr. Frost is the sole trustee and Mr. Frost and his children are beneficiaries. The number of shares reported assumes that each LP interest represents a proportionate interest in the shares of common stock in which the LP has a pecuniary interest.