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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1. Name and Address of Reporting Person * GRANT JOSEPH M   2. Issuer Name and Ticker or Trading Symbol TEXAS CAPITAL BANCSHARES INC/TX [TCBI] 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) 2000 MCKINNEY AVENUE, SUITE 700 3. Date of Earliest Transaction (Month/Day/Year) 05/18/2010 (Street) DALLAS, TX 75201 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 Restricted Stock Units (Common Stock) (1) 05/18/2010   A   1,000 A $ 0 1,000 (2) D   Restricted Stock Units (Common Stock) (1)               500 (3) D   Restricted Stock Units (Common Stock) (1)               12,500 (4) D   Restricted Stock Units (Common Stock) (1)               763 (5) D   Common Stock               493,054 D   Common Stock               7,700 I See Footnote (6)

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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

Stock Appreciation Rights (7)

$ 18.52

05/18/2010

A

3,000

(8)

05/18/2020

Common Stock

3,000

$ 0

3,000

D

Stock Appreciation Rights (7)

$ 14.15

(9)

04/24/2016

Common Stock

13,419

13,419

D

Stock Appreciation Rights (7)

$ 22.65

(10)

04/24/2016

Common Stock

13,419

13,419

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
GRANT JOSEPH M 2000 MCKINNEY AVENUE SUITE 700 DALLAS, TX 75201	X

Signatures

/s/ Joseph M. Grant		05/18/2010
**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)	The restricted stock units were granted to the non-employee director as an award grant under the Company's 2005 Long-Term Incentive Plan for service as a director of the Company. Each restricted stock unit represents a contingent right to receive one share of TCBI common stock.
(2)	The restricted stock units vest in five equal annual installments beginning May 18, 2011. Vested shares will be delivered to the reporting person no later than 2 1/2 months following the close of the calendar year in which the restricted stock units vested.
(3)	The restricted stock units vest in five equal annual installments beginning November 19, 2010. Vested shares will be delivered to the reporting person no later than 2 1/2 months following the close of the calendar year in which the restricted stock units vested.
(4)	The restricted stock units vest in four equal annual installments beginning January 31, 2008. Vested shares will be delivered to the reporting person no later than 2 1/2 months following the close of the calendar year in which the restricted stock units vested.
(5)	The restricted stock units vest in five equal annual installments beginning April 24, 2007. Vested shares will be delivered to the reporting person no later than 2 1/2 months following the close of the calendar year in which the restricted stock units vested.
(6)	Shares are held in irrevocable trusts for which Mr. Grant serves as Trustee. Mr. Grant has disclaimed all beneficial interests in and ownership of such Trusts.
(7)	The stock appreciation rights were granted to the non-employee director as an award grant under the Company's 2005 Long-Term Incentive Plan for service as a director of the Company.
(8)	The stock appreciation rights vest in five equal annual installments beginning May 18, 2011.
(9)	The stock appreciation rights vest in five equal annual installments beginning November 19, 2010.
(10)	The stock appreciation rights vest in five equal annual installments beginning April 24, 2007.

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