CULLEN FROST BANKERS INC

Ticker: CFR CUSIP: 229899109 Class: COM

Smith, Salley & Associates's Holding History (CIK: 0001482012)

Note: Option positions (PUT/CALL) are excluded.

Q4 2016

Shares 30,008 Value ($000) $2,648 Avg Close $61.60 Range $53.50 - $68.59

Q3 2016

Shares 29,043 Value ($000) $2,089 Avg Close $52.78 Range $44.85 - $56.52

Q2 2016

Shares 24,881 Value ($000) $1,586 Avg Close $46.66 Range $38.78 - $51.48

Q1 2016

Shares 38,751 Value ($000) $2,135 Avg Close $38.79 Range $31.63 - $44.93

Q4 2015

Shares 38,906 Value ($000) $2,335 Avg Close $49.23 Range $44.21 - $54.77

Q3 2015

Shares 22,021 Value ($000) $1,400 Avg Close $50.16 Range $43.56 - $58.34

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2016	30,008	$2,648	$61.60	$53.50 - $68.59
Q3 2016	29,043	$2,089	$52.78	$44.85 - $56.52
Q2 2016	24,881	$1,586	$46.66	$38.78 - $51.48
Q1 2016	38,751	$2,135	$38.79	$31.63 - $44.93
Q4 2015	38,906	$2,335	$49.23	$44.21 - $54.77
Q3 2015	22,021	$1,400	$50.16	$43.56 - $58.34