SEC Form 4 · accession 0001209191-18-032241

CULLEN/FROST BANKERS, INC. · CFR

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

Reporting owner

Officer — Group Executive Vice President

Period of report

May 21, 2018

Accepted (ET)

May 22, 2018 · 2:54 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	May 21, 2018	M	482	$71.39	A	488	D
Common Stock, $0.01 par value	May 21, 2018	M	3,000	$78.92	A	3,488	D
Common Stock, $0.01 par value	May 21, 2018	M	1,000	$65.11	A	4,488	D
Common Stock, $0.01 par value^F1	May 21, 2018	S	4,482	$120.56	D	6	D
Common Stock, $0.01 par value	holding	—	—		—	1,983	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)	$71.39	May 21, 2018	M	482	D	Oct 29, 2017	Oct 29, 2023	Common Stock	482	0	D
Employee Stock Option (right to buy)^F2	$78.92	May 21, 2018	M	3,000	D	—	Oct 28, 2024	Common Stock	3,000	1,000	D
Employee Stock Option (right to buy)^F3	$65.11	May 21, 2018	M	1,000	D	—	Oct 27, 2025	Common Stock	1,000	2,000	D

F1The price in Column 4 is based on a weighted average price. The prices actually paid range from $120.17 to $120.91. 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.
F2Vest 25% per year for four years from grant date of 10-28-2014 based on an original award quantity of 4,000 shares.
F3Vest 25% per year for four years from grant date of 10-27-2015 based on an original award quantity of 4,000 shares.