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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(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   4,800 D $ 27.2397 129,200 D   Common Stock 01/30/2008   S   8,297 D $ 27.25 120,903 D   Common Stock 01/30/2008   S   9,600 D $ 27.2525 111,303 D   Common Stock 01/30/2008   S   5,500 D $ 27.267 105,803 D   Common Stock 01/30/2008   S   4,600 D $ 27.2837 101,203 D   Common Stock 01/30/2008   S   1,600 D $ 27.3069 99,603 D   Common Stock 01/30/2008   S   1,500 D $ 27.3333 98,103 D   Common Stock 01/30/2008   S   3,500 D $ 27.3366 94,603 D   Common Stock 01/30/2008   S   2,800 D $ 27.3386 91,803 D   Common Stock 01/30/2008   S   1,800 D $ 27.3533 90,003 D   Common Stock 01/30/2008   S   2,100 D $ 27.36 87,903 D   Common Stock 01/30/2008   S   7,000 D $ 27.3625 80,903 D   Common Stock 01/30/2008   S   2,500 D $ 27.364 78,403 D   Common Stock 01/30/2008   S   2,200 D $ 27.3641 76,203 D   Common Stock 01/30/2008   S   1,500 D $ 27.3653 74,703 D   Common Stock 01/30/2008   S   3,000 D $ 27.3657 71,703 D   Common Stock 01/30/2008   S   2,600 D $ 27.3809 69,103 D   Common Stock 01/30/2008   S   2,400 D $ 27.3875 66,703 D   Common Stock 01/30/2008   S   2,500 D $ 27.4165 64,203 D   Common Stock 01/30/2008   S   4,400 D $ 27.4192 59,803 D   Common Stock 01/30/2008   S   4,000 D $ 27.4307 55,803 D   Common Stock 01/30/2008   S   5,300 D $ 27.4327 50,503 D   Common Stock 01/30/2008   S   4,900 D $ 27.4337 45,603 D   Common Stock 01/30/2008   S   1,900 D $ 27.4364 43,703 D   Common Stock 01/30/2008   S   3,100 D $ 27.4369 40,603 D

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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 (2 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.

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