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
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Powell Jerry W.
2. Issuer Name and Ticker or Trading Symbol

Cadence Bancorporation [ CADE ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
EVP & General Counsel
(Last)          (First)          (Middle)

2800 POST OAK BOULEVARD, SUITE 3800
3. Date of Earliest Transaction (MM/DD/YYYY)

10/29/2021
(Street)

HOUSTON, TX 77056
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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, par value $0.01 per share 10/29/2021  D  29024 (1)D$0 (2)0 D  
Class A Common Stock, par value $0.01 per share 10/29/2021  D  9343 D$0 0 I (3)Owned by Spouse of Reporting Person (3)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. 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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Class A Common Stock, par value $0.01 per share  (4)10/29/2021  D     4196  4/1/2022 4/1/2022 Common Stock 4196  (5)0 D  
Class A Common Stock, par value $0.01 per share  (4)10/29/2021  D     4196  4/1/2023 4/1/2023 Common Stock 4196  (6)0 D  
Class A Common Stock, par value $0.01 per share  (4)10/29/2021  D     3549  4/1/2024 4/1/2024 Common Stock 3549  (7)0 D  
Class A Common Stock, par value $0.01 per share  (8)10/29/2021  A   3200    3/31/2023 3/31/2023 Common Stock 3200  (8)3200 D  
Class A Common Stock, par value $0.01 per share  (8)10/29/2021  A   4447    3/31/2024 3/31/2024 Common Stock 4447  (8)7647 D  
Class A Common Stock, par value $0.01 per share  (8)10/29/2021  D     3200  3/31/2023 3/31/2023 Common Stock 3200  (9)4447 D  
Class A Common Stock, par value $0.01 per share  (8)10/29/2021  D     4447  3/31/2024 3/31/2024 Common Stock 4447  (10)0 D  

Explanation of Responses:
(1) The number of shares held by the reporting person includes 970 shares of Cadence common stock previously acquired in exempt transactions through the Cadence Bancorporation 2018 Employee Stock Purchase Plan and Dividend Reinvestment Plan.
(2) Disposed of in connection with this Agreement and Plan of Merger by and between BancorpSouth Bank ("BXS") and Cadence Bancorporation ("Cadence"), dated April 12, 2021 and amended as of May 27, 2021 (the "Merger Agreement"), pursuant to which Cadence was merged with and into BXS, effective October 29, 2021 (the "Merger). Pursuant to the Merger, each issued and outstanding share of Cadence common stock par value $0.01 was converted into the right to receive .70 shares of BXS's common stock par value $2.50 per share (the "Exchange Ratio"). The opening price of the BXS's common stock on the NYSE on the effective date of the Merger was $29.16. As a result of the Merger, the reporting person no longer beneficially owns, directly or indirectly, any shares of Cadence Common Stock.
(3) Includes 72 shares of Cadence common stock previously acquired in exempt transactions through the Cadence Bancorporation Dividend Reinvestment Plan.
(4) Represents time-vested restricted stock units each convertible into one share of Cadence common stock under the Amended and Restated Cadence Bancorporation Omnibus Incentive Compensation Plan (the "Plan"). Pursuant to the Merger Agreement, at the effective time of the Merger, each outstanding Cadence time-vested restricted stock unit automatically converted into a BXS time-vested restricted stock unit convertible into shares of BXS common stock based on the Exchange Ratio. Each BXS time-vested restricted stock unit is subject to the same terms and conditions (including vesting terms) as applied to the corresponding Cadence time-vested restricted stock unit immediately prior to the effective time of the Merger.
(5) These time-vested restricted stock units were replaced with BXS time-vested restricted stock units convertible into an aggregate of 2,937 shares of BXS common stock.
(6) These time-vested restricted stock units were replaced with BXS time-vested restricted stock units convertible into an aggregate of 2,937 shares of BXS common stock.
(7) These time-vested restricted stock units were replaced with BXS time-vested restricted stock units convertible into an aggregate of 2,484 shares of BXS common stock.
(8) Represents performance share units, each convertible into one share of Cadence common stock, under the Plan. Pursuant to the Merger Agreement, at the effective time of the Merger, each outstanding Cadence performance share unit automatically converted into a BXS restricted stock unit convertible into shares of BXS common stock, with the number of underlying shares of BXS common stock determined based on the Exchange Ratio and higher of target performance and actual performance. Each BXS restricted stock unit is subject to the same terms and conditions (other than performance conditions) as applied to the corresponding Cadence performance share unit immediately prior to the effective time of the Merger.
(9) These performance share units were replaced with BXS restricted stock units convertible into an aggregate 2,240 shares of BXS common stock.
(10) These performance share units were replaced with BXS restricted stock units convertible into an aggregate 3,112 shares of BXS common Stock.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Powell Jerry W.
2800 POST OAK BOULEVARD
SUITE 3800
HOUSTON, TX 77056


EVP & General Counsel

Signatures
Jerry W. Powell10/29/2021
**Signature of Reporting PersonDate

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