BUTTERY DANNY L 4

4 · TEXAS REGIONAL BANCSHARES INC · Filed Sep 9, 2004

Form 4

Period: 2004-08-06

Branch President

Transactions

Other
Class A Common Stock
2004-08-23+22,568.354→ 67,705.063 total(indirect: By Trust)
Other
Incentive Stock Option (right to buy)
2004-08-23+1,000→ 29,129 total
Exercise: $27.35Exp: 2014-04-15→ Class A Common Stock (1,000 underlying)
Other
Incentive Stock Option (right to buy)
2004-08-23+750→ 28,129 total
Exercise: $23.70Exp: 2012-05-31→ Class A Common Stock (750 underlying)
Award
Class A Common Stock
2004-08-06$44.93/sh+125.27$5,628→ 45,136.709 total(indirect: By Trust)
Other
Incentive Stock Option (right to buy)
2004-08-23+3,993→ 24,079 total
Exercise: $13.39Exp: 2011-04-15→ Class A Common Stock (3,993 underlying)
Other
Incentive Stock Option (right to buy)
2004-08-23+1,650→ 25,729 total
Exercise: $18.85Exp: 2012-05-31→ Class A Common Stock (1,650 underlying)
Other
Nonstatutory Stock Option (right to buy)
2004-08-23+1,650→ 27,379 total
Exercise: $18.85Exp: 2012-05-31→ Class A Common Stock (1,650 underlying)
Other
Nonstatutory Stock Option (right to buy)
2004-08-23+1,000→ 30,129 total
Exercise: $27.35Exp: 2014-04-15→ Class A Common Stock (1,000 underlying)
Other
Class A Common Stock
2004-08-23+3,777→ 11,332 total

Footnotes (8)

[F1]The amount represents shares allocated to my account as a participant in the Texas Regional Bancshares, Inc. Amended and Restated Employee Stock Ownership Plan ("the ESOP").
[F2]Represents a 3-for-2 stock split effected as a 50% stock dividend declared by the Board of Directors on August 10, 2004 to shareholders of record August 23, 2004 and payable August 30, 2004.
[F3]Adjusted for 3-for-2 stock split effected as a 50% stock dividend declared by the Board of Directors on August 10, 2004 to shareholders of record August 23, 2004 and payable August 30, 2004.
[F4]25% of the options became exercisable on July 1st of each year beginning July 1, 2001.
[F5]Granted through various stock option plans at various times and at various exercise prices as previously reported.
[F6]25% of the options become exercisable on August 1st of each year beginning August 1, 2002, contingent upon continued employment.
[F7]25% of the options become exercisable on August 1st of each year beginning August 1, 2003, contingent upon continued employment.
[F8]20% of the options become exercisable on August 1st of each year beginning August 1, 2004, contingent upon continued employment.

Documents

1 file