SEC Form 4 · accession 0001209191-17-005828
CULLEN/FROST BANKERS, INC. · CFR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Phillip D Green
Officer — Chairman and CEO · Director
Period of report
Jan 26, 2017
Accepted (ET)
Jan 27, 2017 · 2:13 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 | Jan 26, 2017 | M | 20,000 | $48.85 | A | 47,367 | D | |
| Common Stock, $0.01 par valueF1 | Jan 26, 2017 | S | 20,000 | $93.56 | D | 27,367 | D | |
| Common Stock, $0.01 par value | holding | — | — | — | 1,100 | I | By Spouse | |
| Common Stock, $0.01 par valueF2 | holding | — | — | — | 27,841 | I | Trustee for Children | |
| Common Stock, $0.01 par value | holding | — | — | — | 39,749 | 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 | Jan 26, 2017 | M | 20,000 | D | Oct 22, 2011 | Oct 22, 2017 | Common Stock | 20,000 | 0 | D |
Explanation of responses
- F1The price in Column 4 is based on a weighted average price. The prices actually paid range from $93.20 to $93.91. 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.
- F2Each of Mr. Green's children is the beneficiary of a trust of which Mr. Green is the trustee.