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
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 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*
RONEY GLEN E
(Last) (First) (Middle)
P. O. BOX 5910
(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)
Chairman of the Board and CEO
3. Date of Earliest Transaction (Month/Day/Year)
03/29/2005
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 03/29/2005 J V 21.6888(1) D $28.28 193,541.6028 I By Trustee of ESOP
Class A Common Stock 04/21/2005 A V 1,097.1965(2) A $28.4 194,638.7993 I By Trustee of ESOP
Class A Common Stock 2,768,362 D
Class A Common Stock 378,840 I By Wife
Class A Common Stock 32,196 I By Corporation
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) $13.3859 07/01/2001 04/15/2011 Class A Common Stock 5,600 5,600 D
Incentive Stock Option (right to buy) $13.3859 07/01/2002 04/15/2011 Class A Common Stock 7,470 13,070 D
Incentive Stock Option (right to buy) $13.3859 07/01/2003 04/15/2011 Class A Common Stock 7,470 20,540 D
Incentive Stock Option (right to buy) $13.3859 07/01/2004 04/15/2011 Class A Common Stock 6,685 27,225 D
Incentive Stock Option (right to buy) $18.8525 08/01/2004 05/31/2012 Class A Common Stock 557 27,782 D
Incentive Stock Option (right to buy) $18.8525 08/01/2005 05/31/2012 Class A Common Stock 5,304 33,086 D
Incentive Stock Option (right to buy) $18.8525 08/01/2006 05/31/2012 Class A Common Stock 5,304 38,390 D
Incentive Stock Option (right to buy) $18.8525 08/01/2007 05/31/2012 Class A Common Stock 5,304 43,694 D
Incentive Stock Option (right to buy) $18.8525 08/01/2008 05/31/2012 Class A Common Stock 5,304 48,998 D
Incentive Stock Option (right to buy) $18.8525 08/01/2009 05/31/2012 Class A Common Stock 2,977 51,975 D
Nonstatutory Stock Option (right to buy) $18.8525 (3) 05/31/2012 Class A Common Stock 61,875 113,850 D
Incentive Stock Option (right to buy) $23.7 08/01/2009 05/31/2012 Class A Common Stock 1,850 115,700 D
Incentive Stock Option (right to buy) $23.7 08/01/2010 05/31/2012 Class A Common Stock 2,275 117,975 D
Nonstatutory Stock Option (right to buy) $23.7 (4) 05/31/2012 Class A Common Stock 7,500 125,475 D
Nonstatutory Stock Option (right to buy) $27.3467 (5) 04/15/2014 Class A Common Stock 9,391 134,866 D
Nonstatutory Stock Option (right to buy) $27.3467 (5) 04/15/2014 Class A Common Stock 80,608 215,474 D
Nonstatutory Stock Option (right to buy)(6) $27.46 04/26/2005 A 525 08/01/2005 04/15/2015 Class A Common Stock 525 $0 215,999 D
Nonstatutory Stock Option (right to buy)(7) $27.46 04/26/2005 A 11,475 08/01/2005 04/15/2015 Class A Common Stock 11,475 $0 227,474 D
Nonstatutory Stock Option (right to buy)(7) $27.46 04/26/2005 A 48,000 (8) 04/15/2015 Class A Common Stock 48,000 $0 275,474 D
Explanation of Responses:
1. This amount represents a return of excess contributions from the Texas Regional Bancshares, Inc. Amended and Restated Employee Stock Ownership Plan (the "ESOP").
2. The amount represents shares allocated to my account as a participant in the ESOP.
3. 25% of the options become exercisable on August 1st of each year beginning August 1, 2002, contingent upon continued employment.
4. 25% of the options become exercisable on August 1st of each year beginning August 1, 2003, contingent upon continued employment.
5. 20% of the options become exercisable on August 1st of each year beginning August 1, 2004, contingent upon continued employment.
6. Granted from the Texas Regional Bancshares, Inc. 2002 Nonstatutory Stock Option Plan.
7. Granted from the Texas Regional Bancshares, Inc. 2004 Nonstatutory Stock Option Plan.
8. 12,000 options become exercisable on August 1st of each year beginning August 1, 2006, contingent upon continued employment.
/s/ G. E. Roney 04/28/2005
** 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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