SEC Form 4 · accession 0001209191-18-056225

CULLEN/FROST BANKERS, INC. · CFR

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

Reporting owner

Patrick B Frost

Officer — President of Frost Bank · Director

Period of report

Oct 23, 2018

Accepted (ET)

Oct 25, 2018 · 7:05 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^F5	Aug 10, 2018	G	186,422	$0.00	A	186,422	I	Through Trust
Common Stock, $0.01 par value	holding	—	—		—	148,536	D
Common Stock, $0.01 par value^F1	holding	—	—		—	630	I	By Spouse
Common Stock, $0.01 par value	holding	—	—		—	3,855	I	Custodian for Children
Common Stock, $0.01 par value^F2	holding	—	—		—	121,406	I	Through Trust
Common Stock, $0.01 par value^F3	holding	—	—		—	1,486	I	Through Limited Liability Company
Common Stock, $0.01 par value^F4	holding	—	—		—	27,097	I	Through Trust
Common Stock, $0.01 par value^F6	holding	—	—		—	330	I	Through Trust
Common Stock, $0.01 par value^F7	holding	—	—		—	2,544	I	Through Limited Partnership
Common Stock, $0.01 par value	holding	—	—		—	34,554	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
Restricted Stock Units^F8,F9	—	Oct 23, 2018	A	1,846	A	—	—	Common Stock	1,846	1,846	D

Explanation of responses

F1Mr. Frost disclaims beneficial ownership of these shares.
F2Reflects limited partnership interests held by a trust of which Mr. Frost is the sole trustee and Mr. Frost is a beneficiary. The number of shares reported assumes that each limited partnership interest represents a proportionate interest in the shares of Common Stock in which the limited partnership has a pecuniary interest.
F3Reflects interests in a limited liability company of which Mr. Frost is the manager. The number of shares reported assumes each limited liability company interest represents a proportionate interest in the shares of Common Stock in which the limited liability company has a pecuniary interest.
F4Reflects limited partnership interests held by a trust of which Mr. Frost is the sole trustee and Mr. Frost and his children are beneficiaries. The number of shares reported assumes that each limited partnership interest represents a proportionate interest in the shares of Common Stock in which the limited partnership has a pecuniary interest.
F5As a result of the death of Mr. Frost's father, Mr. Frost is now the sole trustee of, and Mr. Frost's mother is sole beneficiary of, this trust. Reflects interests in a limited partnership and the general partner held by a trust of which Mr. Frost is the sole trustee and Mr. Frost's mother is sole beneficiary. The number of shares reported assumes that each interest represents a proportionate interest in the shares of Common Stock in which the limited partnership has a pecuniary interest.
F6Reflects shares held by separate trusts of which Frost Bank is the sole trustee and Mr. Frost's children are beneficiaries. Mr. Frost disclaims beneficial ownership of these shares.
F7Reflects interests in a limited partnership of which Mr. Frost's brother controls the general partner and in which Mr. Frost is a limited partner and has an interest in the general partner. The number of shares reported assumes that each interest represents a proportionate interest in the shares of Common Stock in which the limited partnership has a pecuniary interest. Mr. Frost disclaims beneficial ownership of these shares.
F8Each restricted stock unit represents the right to receive one share of Cullen/Frost common stock.
F9Generally vest after four years from grant date of 10-23-2018.