CULLEN FROST BANKERS INC

Ticker: CFR CUSIP: 229899109 Class: COM

PARK PRESIDIO CAPITAL LLC's Holding History (CIK: 0001596510)

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

Q3 2018

Shares 500,000 Value ($000) $52,220 Avg Close $88.90 Range $82.39 - $93.03

Q2 2018

Shares 500,000 Value ($000) $54,120 Avg Close $89.84 Range $80.91 - $96.62

Q1 2018

Shares 200,000 Value ($000) $21,214 Avg Close $82.70 Range $74.57 - $88.23

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2018	500,000	$52,220	$88.90	$82.39 - $93.03
Q2 2018	500,000	$54,120	$89.84	$80.91 - $96.62
Q1 2018	200,000	$21,214	$82.70	$74.57 - $88.23