SEC Info - Cullen/Frost Bankers, Inc. - ‘3’ for 7/2/06 re: Summit Bancshares Inc./TX

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

CULLEN FROST BANKERS INC

(Last)

(First)

(Middle)

100 WEST HOUSTON STREET

(Street)

SAN ANTONIO

78205

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
7/2/06

3. Issuer Name and Ticker or Trading Symbol
SUMMIT BANCSHARES INC /TX/ [ SBIT ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock, par value $1.25	0 ⁽¹⁾ ⁽²⁾	I ⁽¹⁾ ⁽²⁾	See Footnote ⁽¹⁾ ⁽²⁾

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)

Explanation of Responses:

(1) 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)

(2) 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.

	/s/ Phillip D. Green, Group Vice President and Chief Financial Officer	7/11/06
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
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Cullen/Frost Bankers, Inc. – ‘3’ for 7/2/06 re: Summit Bancshares Inc./TX

On: Wednesday, 7/12/06, at 5:13pm ET · For: 7/2/06 · As: 10% Owner · Accession #: 1181431-6-41630 · File #: 0-11986

Initial Statement of Beneficial Ownership of Securities by an Insider — Form 3 — SEA’34
Filing Table of Contents

This ‘3’ Document is an XML Data File that may be rendered in various formats:

Cullen/Frost Bankers, Inc. – ‘3’ for 7/2/06 re: Summit Bancshares Inc./TX

On: Wednesday, 7/12/06, at 5:13pm ET · For: 7/2/06 · As: 10% Owner · Accession #: 1181431-6-41630 · File #: 0-11986

Initial Statement of Beneficial Ownership of Securities by an Insider — Form 3 — SEA’34Filing Table of Contents

This ‘3’ Document is an XML Data File that may be rendered in various formats:

Initial Statement of Beneficial Ownership of Securities by an Insider — Form 3 — SEA’34
Filing Table of Contents