SEC Form 4 · accession 0001209191-17-058514
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
Oct 27, 2017
Accepted (ET)
Oct 31, 2017 · 7:59 pm 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 | Oct 27, 2017 | M | 7,940 | $52.46 | A | 38,596 | D | |
| Common Stock, $0.01 par value | Oct 27, 2017 | M | 10,380 | $48.00 | A | 48,976 | D | |
| Common Stock, $0.01 par value | Oct 27, 2017 | M | 8,880 | $54.56 | A | 57,856 | D | |
| Common Stock, $0.01 par value | Oct 27, 2017 | M | 5,130 | $71.39 | A | 62,986 | D | |
| Common Stock, $0.01 par value | Oct 27, 2017 | M | 4,160 | $78.92 | A | 67,146 | D | |
| Common Stock, $0.01 par value | Oct 27, 2017 | M | 5,270 | $65.11 | A | 72,416 | D | |
| Common Stock, $0.01 par valueF1 | Oct 27, 2017 | S | 29,060 | $100.26 | D | 43,356 | D | |
| Common Stock, $0.01 par valueF2 | Oct 27, 2017 | S | 12,700 | $101.16 | D | 30,656 | D | |
| Common Stock, $0.01 par value | Oct 29, 2017 | F | 864 | $101.40 | D | 29,792 | D | |
| Common Stock, $0.01 par valueF3 | holding | — | — | — | 25 | I | Custodian for Child's UTMA Account | |
| Common Stock, $0.01 par valueF4 | holding | — | — | — | 75 | I | By Children | |
| Common Stock, $0.01 par value | holding | — | — | — | 11,756 | 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 | Oct 27, 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 | Oct 27, 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 | Oct 27, 2017 | M | 8,880 | D | Oct 23, 2016 | Oct 23, 2022 | Common Stock | 8,880 | 0 | D |
| Employee Stock Option (right to buy) | $71.39 | Oct 27, 2017 | M | 5,130 | D | Oct 29, 2017 | Oct 29, 2023 | Common Stock | 5,130 | 1,710 | D |
| Employee Stock Option (right to buy)F5 | $78.92 | Oct 27, 2017 | M | 4,160 | D | — | Oct 28, 2024 | Common Stock | 4,160 | 4,160 | D |
| Employee Stock Option (right to buy)F6 | $65.11 | Oct 27, 2017 | M | 5,270 | D | — | Oct 27, 2025 | Common Stock | 5,270 | 5,270 | D |
Explanation of responses
- F1The price in Column 4 is based on a weighted average price. The prices actually paid range from $100.00 to $100.99. 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 price in Column 4 is based on a weighted average price. The prices actually paid range from $101.00 to $101.74. 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.
- F3The 25 shares represent shares held by Mr. Berman as custodian of an account for the benefit of his child under the Uniform Transfers to Minors Act.
- F4The 75 shares represent shares transferred to Mr. Berman's children from accounts under the Uniform Transfers to Minors Act.
- F5Vest 25% per year from Grant Date of 10-28-2014.
- F6Vest 25% per year from Grant Date of 10-27-2015.