FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP 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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
CULLEN/FROST BANKERS, INC. [ CFR ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 10/27/2017 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Common Stock, $0.01 par value | 10/27/2017 | M | 7,940 | A | $52.46 | 38,596 | D | |||
Common Stock, $0.01 par value | 10/27/2017 | M | 10,380 | A | $48 | 48,976 | D | |||
Common Stock, $0.01 par value | 10/27/2017 | M | 8,880 | A | $54.56 | 57,856 | D | |||
Common Stock, $0.01 par value | 10/27/2017 | M | 5,130 | A | $71.39 | 62,986 | D | |||
Common Stock, $0.01 par value | 10/27/2017 | M | 4,160 | A | $78.92 | 67,146 | D | |||
Common Stock, $0.01 par value | 10/27/2017 | M | 5,270 | A | $65.11 | 72,416 | D | |||
Common Stock, $0.01 par value | 10/27/2017 | S | 29,060 | D | $100.26(1) | 43,356 | D | |||
Common Stock, $0.01 par value | 10/27/2017 | S | 12,700 | D | $101.16(2) | 30,656 | D | |||
Common Stock, $0.01 par value | 10/29/2017 | F | 864 | D | $101.4 | 29,792 | D | |||
Common Stock, $0.01 par value | 25 | I | Custodian for Child's UTMA Account(3) | |||||||
Common Stock, $0.01 par value | 75 | I | By Children(4) | |||||||
Common Stock, $0.01 par value | 11,756 | I | Through 401(k) Plan |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Employee Stock Option (right to buy) | $52.46 | 10/27/2017 | M | 7,940 | 10/26/2014 | 10/26/2020 | Common Stock | 7,940 | $0.00 | 0 | D | ||||
Employee Stock Option (right to buy) | $48 | 10/27/2017 | M | 10,380 | 10/25/2015 | 10/25/2021 | Common Stock | 10,380 | $0.00 | 0 | D | ||||
Employee Stock Option (right to buy) | $54.56 | 10/27/2017 | M | 8,880 | 10/23/2016 | 10/23/2022 | Common Stock | 8,880 | $0.00 | 0 | D | ||||
Employee Stock Option (right to buy) | $71.39 | 10/27/2017 | M | 5,130 | 10/29/2017 | 10/29/2023 | Common Stock | 5,130 | $0.00 | 1,710 | D | ||||
Employee Stock Option (right to buy) | $78.92 | 10/27/2017 | M | 4,160 | (5) | 10/28/2024 | Common Stock | 4,160 | $0.00 | 4,160 | D | ||||
Employee Stock Option (right to buy) | $65.11 | 10/27/2017 | M | 5,270 | (6) | 10/27/2025 | Common Stock | 5,270 | $0.00 | 5,270 | D |
Explanation of Responses: |
1. The 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. |
2. The 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. |
3. The 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. |
4. The 75 shares represent shares transferred to Mr. Berman's children from accounts under the Uniform Transfers to Minors Act. |
5. Vest 25% per year from Grant Date of 10-28-2014. |
6. Vest 25% per year from Grant Date of 10-27-2015. |
Remarks: |
/s/ Bobby Berman | 10/31/2017 | |
** 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 4 (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. |