SEC Form 4 · accession 0001209191-16-155617
CULLEN/FROST BANKERS, INC. · CFR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William L Perotti
Officer — GEVP and Chief Risk Officer
Period of report
Dec 14, 2016
Accepted (ET)
Dec 16, 2016 · 3:38 pm EST
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 | Dec 14, 2016 | M | 13,000 | $48.85 | A | 92,300 | D | |
| Common Stock, $0.01 par valueF1 | Dec 14, 2016 | S | 13,000 | $85.79 | D | 79,300 | D | |
| Common Stock, $0.01 par value | holding | — | — | — | 37,077 | 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 (right to buy) | $48.85 | Dec 14, 2016 | M | 13,000 | D | Oct 22, 2011 | Oct 22, 2017 | Common Stock | 13,000 | 0 | D |
Explanation of responses
- F1The price in Column 4 is based on a weighted average price. The prices actually paid range from $85.43 to $86.00. 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.