SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Bailey David William

(Last)

(First)

(Middle)

P O BOX 701

(Street)

ABILENE

79604

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
01/25/2022

3. Issuer Name and Ticker or Trading Symbol
FIRST FINANCIAL BANKSHARES INC [ FFIN ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	EVP, Commercial Banking

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	6,782	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Employee Stock Option, Right to Buy	10/27/2015	10/27/2025	Common Stock	5,000	$16.95⁽¹⁾	D
Employee Stock Option, Right to Buy	06/12/2017	06/12/2027	Common Stock	10,000	$21.18⁽²⁾	D
Employee Stock Option, Right to Buy	06/26/2019	06/26/2029	Common Stock	6,000	$29.7⁽³⁾	D
Employee Stock Option, Right to Buy	08/16/2021	08/16/2031	Common Stock	1,488	$48.91⁽⁴⁾	D

Explanation of Responses:

1. On October 27, 2015, First Financial Bankshares, Inc. granted the reporting person options to purchase shares of the Company's common stock at $16.95 per share. The options vest 20% at the end of two year, 40% at the end of three years, 60% at the end of four years, 80% at the end of five years, and 100% at the end of six years.

2. On June 12, 2017, First Financial Bankshares, Inc. granted the reporting person options to purchase shares of the Company's common stock at $21.18 per share. The options vest 20% at the end of two year, 40% at the end of three years, 60% at the end of four years, 80% at the end of five years, and 100% at the end of six years.

3. On June 26, 2019, First Financial Bankshares, Inc. granted the reporting person options to purchase shares of the Company's common stock at $29.70 per share. The options vest 20% at the end of two year, 40% at the end of three years, 60% at the end of four years, 80% at the end of five years, and 100% at the end of six years.

4. On August 16, 2021, First Financial Bankshares, Inc. granted the reporting person options to purchase shares of the Company's common stock at $48.91 per share. The options vest 20% at the end of one year, 40% at the end of two years, 60% at the end of three years, 80% at the end of four years, and 100% at the end of five years.

Remarks:

	By: James R. Gordon Attorney in Fact for David W. Bailey	04/28/2022
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.