Insider Trades - CALDWELL ROYCE S

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CALDWELL ROYCE S: Declared Holdings
Company/Relationship	Reported	Shares	Ownership
Cullen/Frost Bankers, Inc. Comm Director NYSE:CFR (historical quotes, profile, SEC, other insiders)	28-Nov-12	2,800	Direct

Insider & restricted shareholder transactions reported over the last two years
Date Shares Stock Transaction
28-Nov-12 2,000 CFR Option Exercise at $52.55 per share.
(Cost of $105,100)
26-Apr-12 2,000 CFR Option Exercise at $56.90 per share.
(Cost of $113,800)
26-Apr-12 2,000 CFR Sale at $58.43 per share.
(Proceeds of $116,860)

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Insider & restricted shareholder transactions reported over the last two years
Date	Shares	Stock	Transaction
28-Nov-12	2,000	CFR	Option Exercise at $52.55 per share. (Cost of $105,100)
26-Apr-12	2,000	CFR	Option Exercise at $56.90 per share. (Cost of $113,800)
26-Apr-12	2,000	CFR	Sale at $58.43 per share. (Proceeds of $116,860)