Stock Trading History of Olivier Paul

The following table details the trading activities (stock purchases, stock sales, and stock option exercises) reported to the Securities and Exchange Commission (SEC) by insider Olivier Paul since year 2005. The trader's CIK number is 1388769. At the time of this reporting, Olivier Paul is the Group Executive Vice President of Cullen Frost Bankers Inc . (stock ticker symbol CFR). See this page for all insider trading activities at Cullen Frost Bankers Inc .

Stock purchases, sales, and option exercises reported by insider *Olivier Paul* since 2005.
Trade Date	Symbol	Company Name (Issuer)	Trade Type	Shares	Price ($)	Value ($)
2008-08-14	CFR	Cullen Frost Bankers Inc	Sale	2,795	54.90	153,449
2008-02-08	CFR	Cullen Frost Bankers Inc	Sale	3,700	54.16	200,408
2008-02-08	CFR	Cullen Frost Bankers Inc	Option Exercise	3,700	33.30	123,209
2007-04-30	CFR	Cullen Frost Bankers Inc	Sale	10,500	51.33	538,931
2007-05-01	CFR	Cullen Frost Bankers Inc	Sale	4,500	51.09	229,885
2007-04-30	CFR	Cullen Frost Bankers Inc	Option Exercise	10,500	24.12	253,260
2007-05-01	CFR	Cullen Frost Bankers Inc	Option Exercise	4,500	24.12	108,540

Insider trading activities including stock purchases, stock sales, and option exercises listed in the above table cannot be completely guaranteed as to their accuracy. For more information regarding the trades made by Olivier Paul (Group Executive Vice President of Cullen Frost Bankers Inc at the time of this reporting) see the Securities and Exchange Commission (SEC) website.