Edgar Filing: SOUTHSIDE BANCSHARES INC

Ownership Submission

FORM 4

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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3235-0287

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January 31, 2005

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

HARTLEY BG

2. Issuer Name and Ticker or Trading Symbol
SOUTHSIDE BANCSHARES INC [SBSI]

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

__X__ Director	_____ 10% Owner
__X__ Officer (give title below)	_____ Other (specify below)
Director, COB & CEO

(Last)

(First)

(Middle)

SOUTHSIDE BANCSHARES INC, 1201 SOUTH BECKHAM

3. Date of Earliest Transaction (Month/Day/Year)
09/19/2005

(Street)

TYLER, TX 75701

4. If Amendment, Date 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

(City)

(State)

(Zip)

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)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	09/19/2005		M⁽¹⁾		300	A	$ 4.61	104,920	D
Common Stock	09/19/2005		M⁽¹⁾		1,700	A	$ 4.61	106,620	D
Common Stock	09/19/2005		M⁽¹⁾		982	A	$ 4.61	107,602	D
Common Stock	09/19/2005		M⁽¹⁾		500	A	$ 4.61	108,102	D
Common Stock	09/19/2005		M⁽¹⁾		500	A	$ 4.61	108,602	D
Common Stock	09/19/2005		M⁽¹⁾		487	A	$ 4.61	109,089	D
Common Stock	09/19/2005		M⁽¹⁾		500	A	$ 4.61	109,589	D
Common Stock	09/19/2005		M⁽¹⁾		600	A	$ 4.61	110,189	D
Common Stock	09/19/2005		M⁽¹⁾		738	A	$ 4.61	110,927	D
Common Stock	09/19/2005		M⁽¹⁾		300	A	$ 4.61	111,227	D
Common Stock	09/19/2005		M⁽¹⁾		875	A	$ 4.61	112,102	D
Common Stock	09/19/2005		S⁽¹⁾		300	D	$ 19.68 ⁽¹⁾	111,802	D
Common Stock	09/19/2005		S⁽¹⁾		1,700	D	$ 19.67 ⁽¹⁾	110,102	D
Common Stock	09/19/2005		S⁽¹⁾		982	D	$ 19.65 ⁽¹⁾	109,120	D
Common Stock	09/19/2005		S⁽¹⁾		500	D	$ 19.57 ⁽¹⁾	108,620	D
Common Stock	09/19/2005		S⁽¹⁾		500	D	$ 19.49 ⁽¹⁾	108,120	D
Common Stock	09/19/2005		S⁽¹⁾		487	D	$ 19.47 ⁽¹⁾	107,633	D
Common Stock	09/19/2005		S⁽¹⁾		500	D	$ 19.46 ⁽¹⁾	107,133	D
Common Stock	09/19/2005		S⁽¹⁾		600	D	$ 19.44 ⁽¹⁾	106,533	D
Common Stock	09/19/2005		S⁽¹⁾		738	D	$ 19.43 ⁽¹⁾	105,795	D
Common Stock	09/19/2005		S⁽¹⁾		300	D	$ 19.3 ⁽¹⁾	105,495	D
Common Stock	09/19/2005		S⁽¹⁾		875	D	$ 19.25 ⁽¹⁾	104,620	D
Common Stock	09/19/2005		M⁽²⁾		25,102	A	$ 4.61	129,722	D
Common Stock	06/17/2005		J⁽³⁾		88.11	A	$ 20.08	16,170.98	I	By Spouse/Sep. Prop.
Common Stock								2,437.36	I	By ESOP for Spouse
Common Stock								13,818.75	I	by ESOP

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
	Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.		SEC 1474 (9-02)

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 Underlying Securities
(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 of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)

11. Nature of Indirect Beneficial Ownership
(Instr. 4)

Code

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Incentive Stock Option (right to buy)

$ 4.61

09/19/2005

M⁽¹⁾

300

⁽⁴⁾

02/07/2006

Common Stock

300

⁽¹⁾

32,284

Incentive Stock Option (right to buy)

$ 4.61

09/19/2005

M⁽¹⁾

1,700

⁽⁴⁾

02/07/2006

Common Stock

1,700

⁽¹⁾

30,584

Incentive Stock Option (right to buy)

$ 4.61

09/19/2005

M⁽¹⁾

982

⁽⁴⁾

02/07/2006

Common Stock

982

⁽¹⁾

29,602

Incentive Stock Option (right to buy)

$ 4.61

09/19/2005

M⁽¹⁾

500

⁽⁴⁾

02/07/2006

Common Stock

500

⁽¹⁾

29,102

Incentive Stock Option (right to buy)

$ 4.61

09/19/2005

M⁽¹⁾

500

⁽⁴⁾

02/07/2006

Common Stock

500

⁽¹⁾

28,602

Incentive Stock Option (right to buy)

$ 4.61

09/19/2005

M⁽¹⁾

487

⁽⁴⁾

02/07/2006

Common Stock

487

⁽¹⁾

28,115

Incentive Stock Option (right to buy)

$ 4.61

09/19/2005

M⁽¹⁾

500

⁽⁴⁾

02/07/2006

Common Stock

500

⁽¹⁾

27,615

Incentive Stock Option (right to buy)

$ 4.61

09/19/2005

M⁽¹⁾

600

⁽⁴⁾

02/07/2006

Common Stock

600

⁽¹⁾

27,015

Incentive Stock Option (right to buy)

$ 4.61

09/19/2005

M⁽¹⁾

738

⁽⁴⁾

02/07/2006

Common Stock

738

⁽¹⁾

26,277

Incentive Stock Option (right to buy)

$ 4.61

09/19/2005

M⁽¹⁾

300

⁽⁴⁾

02/07/2006

Common Stock

300

⁽¹⁾

25,977

Incentive Stock Option (right to buy)

$ 4.61

09/19/2005

M⁽¹⁾

875

⁽⁴⁾

02/07/2006

Common Stock

875

⁽¹⁾

25,102

Incentive Stock Option (right to buy)

$ 4.61

09/19/2005

M⁽¹⁾

25,102

⁽⁴⁾

02/07/2006

Common Stock

25,102

⁽¹⁾

Incentive Stock Option (right to buy)

$ 5.71

⁽⁵⁾

06/05/2007

Common Stock

18,620

Incentive Stock Option (right to buy)

$ 5.79

⁽⁶⁾

08/31/2010

Common Stock

39,240

Incentive Stock Option (right to buy)

$ 6.27

⁽⁷⁾

06/10/2009

Common Stock

20,764

Incentive Stock Option (right to buy)

$ 6.49

⁽⁸⁾

10/15/2008

Common Stock

3,943

Non-Qualified Stock Option (right to buy)

$ 5.79

⁽⁹⁾

08/31/2010

Common Stock

7,666

Non-Qualified Stock Option (right to buy)

$ 6.27

⁽¹⁰⁾

06/10/2009

Common Stock

346

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
HARTLEY BG SOUTHSIDE BANCSHARES INC 1201 SOUTH BECKHAM TYLER, TX 75701	X		Director, COB & CEO

Signatures

B. G. Hartley		09/19/2005
^**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(1)	Mr. Hartley exercised 7,482 option shares in a cashless transaction on 9-19-05 issued 2-7-96, under the 1993 Incentive Stock Option Plan.
(2)	Mr. Hartley exercised 25,102 options to purchase and hold shares on 9-19-05 issued 2-7-96, under the 1993 Incentive Stock Option Plan.
(3)	Shares acquired pursuant to Southside Bancshares, Inc. Dividend Reinvestment Plan.
(4)	Vested 20% per year and became fully exercisable 02/07/2001.
(5)	Vested 20% per year and became fully exercisable 06/05/2002.
(6)	Options vest 20% per year and currently 60% are fully exercisable.
(7)	Options vest 20% per year and currently 80% are fully exercisable.
(8)	Vested 20% per year and became fully exercisable 10/15/2003.
(9)	Non-qualified Incentive Stock Option became fully exercisable 08/31/2002.
(10)	Non-qualified Incentive Stock Option became fully exercisable 06/10/2000.

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