SEC Form 4 · accession 0001209191-17-014239
CULLEN/FROST BANKERS, INC. · CFR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul Olivier
Officer — Group Executive Vice President
Period of report
Feb 22, 2017
Accepted (ET)
Feb 24, 2017 · 2:52 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 | $52.46 | A | 26,160 | D | |
| Common Stock, $0.01 par value | Feb 22, 2017 | M | 10,380 | $48.00 | A | 36,540 | D | |
| Common Stock, $0.01 par value | Feb 22, 2017 | M | 8,880 | $54.56 | A | 45,420 | D | |
| Common Stock, $0.01 par valueF1 | Feb 22, 2017 | S | 27,200 | $93.29 | D | 18,220 | D | |
| Common Stock, $0.01 par value | holding | — | — | — | 1,647 | 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) | $52.46 | Feb 22, 2017 | M | 7,940 | D | Oct 26, 2014 | Oct 26, 2020 | Common Stock | 7,940 | 0 | D |
| Employee Stock Option (right to buy) | $48.00 | Feb 22, 2017 | M | 10,380 | D | Oct 25, 2015 | Oct 25, 2021 | Common Stock | 10,380 | 0 | D |
| Employee Stock Option (right to buy) | $54.56 | Feb 22, 2017 | M | 8,880 | D | Oct 23, 2016 | Oct 23, 2022 | Common Stock | 8,880 | 0 | D |
Explanation of responses
- F1The price in Column 4 is based on a weighted average price. The prices actually paid range from $93.09 to $93.85. 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.