CASS INFORMATION SYSTEMS INC — Director's Dealing 2010

Dec 9, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CASS INFORMATION SYSTEMS INC (CASS)
CIK: 0000708781
Period of Report: 2010-12-08

Reporting Person: MURRAY HARRY M (EVP)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-12-08	Common Stock	M	4147	$25.77	Acquired	37613	Direct
2010-12-08	Common Stock	D	2793	$38.27	Disposed	34820	Direct
2010-12-08	Common Stock	F	439	$38.27	Disposed	34381	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-12-08	Stock Appreciation Rights	$25.77	M	4147	Disposed	2019-01-20	Common Stock (4147)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (right to buy)	$14.445	2012-01-02	Common Stock (125)	125	Direct
Employee Stock Option (right to buy)	$20.666	2013-01-02	Common Stock (680)	680	Direct
Stock Appreciation Rights	$28.41	2018-01-22	Common Stock (10421)	10421	Direct
Stock Appreciation Rights	$30.16	2020-01-26	Common Stock (2062)	2062	Direct

Footnotes

F1: Over a three-year vesting period, SARs become exercisable in one-third increments on the anniversary date of the grant.

F2: Includes restricted stock subject to vesting and forfeiture.