SEC Form 4 · accession 0001209191-17-014237
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
Feb 22, 2017
Accepted (ET)
Feb 24, 2017 · 2:51 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 | Feb 22, 2017 | M | 7,940 | $50.64 | A | 38,596 | D | |
| Common Stock, $0.01 par valueF1 | Feb 22, 2017 | S | 7,940 | $93.35 | D | 30,656 | D | |
| Common Stock, $0.01 par valueF2 | holding | — | — | — | 50 | I | Custodian for Children's UTMA Accounts | |
| Common Stock, $0.01 par valueF3 | holding | — | — | — | 50 | I | By Children | |
| Common Stock, $0.01 par value | holding | — | — | — | 11,029 | 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) | $50.64 | Feb 22, 2017 | M | 7,940 | D | Oct 20, 2013 | Oct 20, 2019 | Common Stock | 7,940 | 0 | D |
Explanation of responses
- F1The price in Column 4 is based on a weighted average price. The prices actually paid range from $93.19 to $93.54. 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.
- F2The 50 shares represent shares held by Mr. Berman as custodian of accounts for the benefit of his children under the Uniform Transfers to Minors Act.
- F3The 50 shares represent shares transferred to Mr. Berman's children from accounts under the Uniform Transfers to Minors Act.