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BARTLETT & CO
> CFR
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 12/31/2011 | CULLEN/FROST BANKERS, INC. | CFR | 435,481 | 15,980 | 23,042,000 | 3,803,000 | $52.91 |
| 09/30/2011 | CULLEN/FROST BANKERS, INC. | CFR | 419,501 | 17,354 | 19,239,000 | -3,624,000 | $45.86 |
| 08/11/2011 | CULLEN/FROST BANKERS, INC. | CFR | 402,147 | 3,697 | 22,863,000 | -654,000 | $56.85 |
| 05/12/2011 | CULLEN/FROST BANKERS, INC. | CFR | 398,450 | 8,770 | 23,517,000 | -301,000 | $59.02 |
| 02/11/2011 | CULLEN/FROST BANKERS, INC. | CFR | 389,680 | 16,970 | 23,818,000 | 3,740,000 | $61.12 |
| 11/12/2010 | CULLEN/FROST BANKERS, INC. | CFR | 372,710 | 32,630 | 20,078,000 | 2,597,000 | $53.87 |
| 08/12/2010 | CULLEN/FROST BANKERS, INC. | CFR | 340,080 | 16,165 | 17,481,000 | -594,000 | $51.40 |
| 03/31/2010 | CULLEN/FROST BANKERS, INC. | CFR | 323,915 | 21,445 | 18,075,000 | 2,951,000 | $55.80 |
| 02/12/2010 | CULLEN/FROST BANKERS, INC. | CFR | 302,470 | 302,470 | 15,124,000 | 15,124,000 | $50.00 |
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