SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* BREADY DOUGLAS G (Last) (First) (Middle) P. O. BOX 4797 (Street) MCALLEN TX 78502 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol TEXAS REGIONAL BANCSHARES INC [ TRBS ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) Other (specify below) Banking Center President
	3. Date of Earliest Transaction (Month/Day/Year) 04/20/2004
	4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	04/19/2004		A	V	35.5295(1)	A	$41.01	33,686.1284	I	By Trustee of ESOP
Class A Common Stock	04/21/2004		S		3,247	D	$42.5	4,253	I	By Wife
Class A Common Stock	04/21/2004		S		2,810	D	$42.5	2,500	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Incentive Stock Option (right to buy)(2)	$41.02	04/20/2004		A		1,300		08/01/2005	04/15/2014	Class A Common Stock	1,300	$0	23,110(5)	D
Incentive Stock Option (right to buy)(2)	$41.02	04/20/2004		A		1,100		08/01/2006	04/15/2014	Class A Common Stock	1,100	$0	24,210(5)	D
Incentive Stock Option (right to buy)(2)	$41.02	04/20/2004		A		800		08/01/2007	04/15/2014	Class A Common Stock	800	$0	25,010(5)	D
Incentive Stock Option (right to buy)(2)	$41.02	04/20/2004		A		800		08/01/2008	04/15/2014	Class A Common Stock	800	$0	25,810(5)	D
Nonstatutory Stock Option (right to buy)(3)	$41.02	04/20/2004		A		4,000		(4)	04/15/2014	Class A Common Stock	4,000	$0	29,810(5)	D

Explanation of Responses:

1. The amount represents shares allocated to my account as a participant in the Texas Regional Bancshares, Inc. Amended and Restated Employee Stock Ownership Plan ("the ESOP").

2. Granted from the Texas Regional Bancshares, Inc. 2000 Incentive Stock Option Plan.

3. Granted from the Texas Regional Bancshares, Inc. 2004 Nonstatutory Stock Option Plan.

4. 20% of the options become exercisable on August 1st of each year beginning August 1, 2004, contingent upon continued employment.

5. Granted through various stock option plans at various times and at various exercise prices as previously reported.

	/s/ Douglas G. Bready	04/22/2004
	** 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 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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