SEC Form 4 · accession 0001209191-17-063583

CULLEN/FROST BANKERS, INC. · CFR

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — GEVP and CFO

Period of report

Nov 30, 2017

Accepted (ET)

Dec 4, 2017 · 4:44 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	Nov 30, 2017	M	12,000	$52.44	A	24,184	D
Common Stock, $0.01 par value^F1	Nov 30, 2017	S	4,577	$98.60	D	19,607	D
Common Stock, $0.01 par value^F2	Nov 30, 2017	S	3,014	$99.91	D	16,593	D
Common Stock, $0.01 par value^F3	Nov 30, 2017	S	4,409	$100.55	D	12,184	D
Common Stock, $0.01 par value^F4	holding	—	—		—	21	I	Custodian for Daughter's UTMA Account
Common Stock, $0.01 par value	holding	—	—		—	21,549	I	Through 401(k) Plan

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Employee Stock Option (right to buy)	$52.44	Nov 30, 2017	M	12,000	D	Oct 21, 2012	Oct 21, 2018	Common Stock	12,000	0	D

F1The price in Column 4 is based on a weighted average price. The prices actually paid range from $98.39 to $99.25. 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 ranges set forth in footnotes (1), (2) and (3) of this Form 4.
F2The price in Column 4 is based on a weighted average price. The prices actually paid range from $99.42 to $100.39.
F3The price in Column 4 is based on a weighted average price. The prices actually paid range from $100.42 to $100.86.
F4The 21 shares were purchased by Mr. Salinas as custodian of an account for the benefit of his child under the Uniform Transfers to Minors Act.