SEC Form 4 · accession 0001209191-16-135989
CULLEN/FROST BANKERS, INC. · CFR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bobby Berman
Officer — Group Executive Vice President
Period of report
Aug 8, 2016
Accepted (ET)
Aug 9, 2016 · 10:34 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 | Aug 8, 2016 | M | 9,000 | $52.44 | A | 40,347 | D | |
| Common Stock, $0.01 par valueF1 | Aug 8, 2016 | S | 9,000 | $70.15 | D | 31,347 | D | |
| Common Stock, $0.01 par value | holding | — | — | — | 21,834 | 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 Option | $52.44 | Aug 8, 2016 | M | 9,000 | D | Oct 21, 2012 | Oct 21, 2018 | Common Stock | 9,000 | 0 | D |
Explanation of responses
- F1The price in Column 4 is based on a weighted average price. The prices actually paid range from $70.09 to $70.24. 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.