TEXAS REGIONAL BANCSHARES INC 4

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

Form 4

Period: 2006-10-26

Regional President

Transactions

Disposition to Issuer
Nonstatutory Stock Option (right to buy)
2006-11-10$38.90/sh−4,400$171,160→ 0 total
Exercise: $24.96Exp: 2015-04-15→ Class A Common Stock (4,400 underlying)
Disposition to Issuer
Nonstatutory Stock Option (right to buy)
2006-11-10$38.90/sh−6,600$256,740→ 0 total
Exercise: $24.86Exp: 2014-04-15→ Class A Common Stock (6,600 underlying)
Award
Class A Common Stock
2006-10-26$38.20/sh+2.643$101→ 361.242 total(indirect: By Trust)
Disposition to Issuer
Class A Common Stock
2006-11-10$38.90/sh−361.242$14,052→ 0 total(indirect: By Trust)
Disposition to Issuer
Class A Common Stock
2006-11-10$38.90/sh−33,000$1,283,700→ 0 total
Disposition to Issuer
Incentive Stock Option (right to buy)
2006-11-10$38.90/sh−6,600$256,740→ 0 total
Exercise: $24.86Exp: 2014-04-15→ Class A Common Stock (6,600 underlying)
Disposition to Issuer
Incentive Stock Option (right to buy)
2006-11-10$38.90/sh−4,400$171,160→ 0 total
Exercise: $24.96Exp: 2015-04-15→ Class A Common Stock (4,400 underlying)
Disposition to Issuer
Incentive Stock Option (right to buy)
2006-11-10$38.90/sh−4,000$155,600→ 0 total
Exercise: $28.49Exp: 2016-04-15→ Class A Common Stock (4,000 underlying)
Disposition to Issuer
Nonstatutory Stock Option (right to buy)
2006-11-10$38.90/sh−4,000$155,600→ 0 total
Exercise: $28.49Exp: 2016-04-15→ Class A Common Stock (4,000 underlying)

Footnotes (6)

[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 in my ESOP account as a result of the merger between Texas Regional Bancshares, Inc. (TRBS) and Banco Bilbao Vizcaya Argentaria, S.A. (BBVA).
[F3]20% of the options become exercisable on August 1st of each year beginning August 1, 2004.
[F4]20% of the options become exercisable on August 1st of each year beginning August 1, 2005.
[F5]20% of the options become exercisable on April 25th of each year beginning April 25, 2007.
[F6]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.

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