CULLEN FROST BANKERS INC

Ticker: CFR CUSIP: 229899109 Class: COM

PALLADIEM, LLC's Holding History (CIK: 0001629271)

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

Q3 2015

Shares 46 Value ($000) $3 Avg Close $50.16 Range $43.56 - $58.34

Q2 2015

Shares 132 Value ($000) $10 Avg Close $53.97 Range $49.18 - $58.88

Q1 2015

Shares 132 Value ($000) $9 Avg Close $48.75 Range $44.02 - $51.97

Q4 2014

Shares 132 Value ($000) $9 Avg Close $54.33 Range $48.79 - $58.92

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2015	46	$3	$50.16	$43.56 - $58.34
Q2 2015	132	$10	$53.97	$49.18 - $58.88
Q1 2015	132	$9	$48.75	$44.02 - $51.97
Q4 2014	132	$9	$54.33	$48.79 - $58.92