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

OMB APPROVAL OMB Number: 3235-0287 Expires: January 31, 2005 Estimated average burden hours per response... 0.5

(Print or Type Responses)

1. Name and Address of Reporting Person * Hunter D Michael   2. Issuer Name and Ticker or Trading Symbol PROSPERITY BANCSHARES INC [PRSP] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 1505 HWY 35 NORTH 3. Date of Earliest Transaction (Month/Day/Year) 01/30/2008 (Street) ROCKPORT, TX 78382 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) Code V Amount (A) or (D) Price Common Stock 01/30/2008   S   9,500 D $ 26.7132 287,232 D   Common Stock 01/30/2008   S   5,000 D $ 26.7549 282,232 D   Common Stock 01/30/2008   S   5,000 D $ 26.8314 277,232 D   Common Stock 01/30/2008   S   2,300 D $ 26.864 274,932 D   Common Stock 01/30/2008   S   2,900 D $ 26.8691 272,032 D   Common Stock 01/30/2008   S   9,300 D $ 26.9202 262,732 D   Common Stock 01/30/2008   S   3,900 D $ 26.9232 258,832 D   Common Stock 01/30/2008   S   8,300 D $ 26.9315 250,532 D   Common Stock 01/30/2008   S   3,600 D $ 26.9626 246,932 D   Common Stock 01/30/2008   S   10,000 D $ 26.9752 236,932 D   Common Stock 01/30/2008   S   3,200 D $ 26.9778 233,732 D   Common Stock 01/30/2008   S   1,500 D $ 27.0002 232,232 D   Common Stock 01/30/2008   S   16,732 D $ 27.0005 215,500 D   Common Stock 01/30/2008   S   17,900 D $ 27.0067 197,600 D   Common Stock 01/30/2008   S   7,100 D $ 27.0188 190,500 D   Common Stock 01/30/2008   S   1,600 D $ 27.0237 188,900 D   Common Stock 01/30/2008   S   6,500 D $ 27.0408 182,400 D   Common Stock 01/30/2008   S   3,000 D $ 27.0996 179,400 D   Common Stock 01/30/2008   S   10,000 D $ 27.1141 169,400 D   Common Stock 01/30/2008   S   2,700 D $ 27.1376 166,700 D   Common Stock 01/30/2008   S   9,500 D $ 27.1477 157,200 D   Common Stock 01/30/2008   S   5,600 D $ 27.1861 151,600 D   Common Stock 01/30/2008   S   6,600 D $ 27.1956 145,000 D   Common Stock 01/30/2008   S   8,500 D $ 27.2075 136,500 D   Common Stock 01/30/2008   S   2,500 D $ 27.234 134,000 D

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

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Hunter D Michael 1505 HWY 35 NORTH ROCKPORT, TX 78382	X

Signatures

/s/ Michael Hunter		01/31/2008
**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).
Remarks: The information related to this transaction is reported on multiple Form 4s.  This Form representing (1 of 3)

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.