TEXAS REGIONAL BANCSHARES INC 4

4 · TEXAS REGIONAL BANCSHARES INC · Filed Nov 13, 2006

Insider Transaction Report

Form 4

Period: 2006-11-06

TEXAS REGIONAL BANCSHARES INCTRBS

MOXLEY PAUL S

Senior EVP

Transactions

Disposition to Issuer
Incentive Stock Options (right to buy)
2006-11-10$38.90/sh−5,989$232,972→ 0 total
Exercise: $12.17From: 2001-07-01Exp: 2011-04-15→ Class A Common Stock (5,989 underlying)
Disposition to Issuer
Incentive Stock Options (right to buy)
2006-11-10$38.90/sh−2,622$101,996→ 0 total
Exercise: $21.55From: 2006-08-01Exp: 2012-05-31→ Class A Common Stock (2,622 underlying)
Disposition to Issuer
Nonstatutory Stock Options (right to buy)
2006-11-10$38.90/sh−2,043$79,473→ 0 total
Exercise: $17.14From: 2005-08-01Exp: 2012-05-31→ Class A Common Stock (2,043 underlying)
Disposition to Issuer
Nonstatutory Stock Options (right to buy)
2006-11-10$38.90/sh−2,042$79,434→ 0 total
Exercise: $17.14From: 2003-08-01Exp: 2012-05-31→ Class A Common Stock (2,042 underlying)
Disposition to Issuer
Nonstatutory Stock Options (right to buy)
2006-11-10$38.90/sh−1,237$48,119→ 0 total
Exercise: $21.55From: 2003-08-01Exp: 2012-05-31→ Class A Common Stock (1,237 underlying)
Disposition to Issuer
Nonstatutory Stock Options (right to buy)
2006-11-10$38.90/sh−1,238$48,158→ 0 total
Exercise: $21.55From: 2004-08-01Exp: 2012-05-31→ Class A Common Stock (1,238 underlying)
Disposition to Issuer
Incentive Stock Options (right to buy)
2006-11-10$38.90/sh−1,580$61,462→ 0 total
Exercise: $17.14From: 2002-08-01Exp: 2012-05-31→ Class A Common Stock (1,580 underlying)
Award
Class A Common Stock
2006-11-06$37.63/sh+731.211$27,515→ 89,743.243 total(indirect: By Trust)
Disposition to Issuer
Nonstatutory Stock Options (right to buy)
2006-11-10$38.90/sh−2,041$79,395→ 0 total
Exercise: $17.14From: 2002-08-01Exp: 2012-05-31→ Class A Common Stock (2,041 underlying)
Disposition to Issuer
Incentive Stock Options (right to buy)
2006-11-10$38.90/sh−5,990$233,011→ 0 total
Exercise: $12.17From: 2002-07-01Exp: 2011-04-15→ Class A Common Stock (5,990 underlying)
Disposition to Issuer
Incentive Stock Options (right to buy)
2006-11-10$38.90/sh−3,425$133,233→ 0 total
Exercise: $17.14From: 2005-08-01Exp: 2012-05-31→ Class A Common Stock (3,425 underlying)
Disposition to Issuer
Class A Common Stock
2006-11-10$38.90/sh−1,819$70,759→ 0 total(indirect: By Spouse)
Disposition to Issuer
Incentive Stock Options (right to buy)
2006-11-10$38.90/sh−1,915$74,494→ 0 total
Exercise: $21.55From: 2005-08-01Exp: 2012-05-31→ Class A Common Stock (1,915 underlying)
Disposition to Issuer
Class A Common Stock
2006-11-10$38.90/sh−89,743.243$3,491,012→ 0 total(indirect: By Trust)
Disposition to Issuer
Class A Common Stock
2006-11-10$38.90/sh−47,489$1,847,322→ 0 total
Disposition to Issuer
Incentive Stock Options (right to buy)
2006-11-10$38.90/sh−1,581$61,501→ 0 total
Exercise: $17.14From: 2003-08-01Exp: 2012-05-31→ Class A Common Stock (1,581 underlying)

Footnotes (3)

[F1]The amount represents shares allocated to my account as a participant in the Texas Regional Bancshares, Inc. Employee Stock Ownership Plan (the ESOP) since the last required filing.
[F2]The amount represents disposition of shares previously held in my ESOP account as a result of the merger between Texas Regional Bancshares,Inc. (TRBS) and Banco Bilbao Vizcaya Argentina, S.A. (BBVA). The shares were distributed shortly before consummation of the merger transaction and were exchanged directly in the merger.
[F3]These options (whether vested or unvested) were exchanged for cash on the effective date of the merger in an amount equal to the excess of $38.90 per share over the strike price per share as contemplated by the Agreement and Plan of Merger dated June 12, 2006 between TRBS and BBVA.

Documents

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edgar.xmlPrimary
FORM 4 -