SUMMIT BANCSHARES INC /TX/ 3
3 · SUMMIT BANCSHARES INC /TX/ · Filed Jul 12, 2006
Insider Transaction Report
Form 3
CULLEN FROST BANKERS INC
10% Owner
Holdings
- 0(indirect: See Footnote)
Common Stock, par value $1.25
Footnotes (2)
- [F1]Cullen/Frost Bankers, Inc. ("Cullen/Frost") is filing this Form 3 solely because Cullen/Frost may be deemed a beneficial owner pursuant to Section 13(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), of 1,790,803 shares (the "Shares") of common stock of Summit Bancshares, Inc. ("Summit") that are subject to Voting Agreements, dated as of July 2, 2006, entered into by Cullen/Frost with each of Philip E. Norwood, Robert P. Evans, Elliot S. Garsek, Ronald J. Goldman, F.S. Gunn, Robert L. Hechert, Jay J. Lesok, James L. Murray, Byron B. Searcy, and Roderick D. Stepp (collectively, the "Voting Agreements") in connection with the Agreement and Plan of Merger, dated as of July 2, 2006, by and between Summit Bancshares, Inc. and Cullen/Frost Bankers, Inc. (the "Merger Agreement"). (Continued to Footnote 2)
- [F2]For additional information regarding the Voting Agreements and the Merger Agreement, see the Schedule 13D filed by Cullen/Frost with the Securities and Exchange Commission on the date hereof. Cullen/Frost disclaims beneficial ownership of the Shares and this filing shall not be deemed an admission that Cullen/Frost is the beneficial owner of the Shares for purposes of Section 16 of the Exchange Act or for any other purpose. Cullen/Frost has no "pecuniary interest" in the Shares.