CASS INFORMATION SYSTEMS INC — Director's Dealing 2010

Dec 7, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CASS INFORMATION SYSTEMS INC (CASS)
CIK: 0000708781
Period of Report: 2010-12-07

Reporting Person: MURRAY HARRY M (EVP)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-12-03	Common Stock	M	131	$14.509	Acquired	33073	Direct
2010-12-03	Common Stock	M	375	$14.445	Acquired	33448	Direct
2010-12-03	Common Stock	M	510	$20.666	Acquired	33958	Direct
2010-12-03	Common Stock	F	492	$36.155	Disposed	33466	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-12-03	Employee Stock Option (right to buy)Employee Stock Option (r	$14.509	M	131	Disposed	2011-01-04	Common Stock (131)	Direct
2010-12-03	Employee Stock Option (right to buy)	$14.445	M	375	Disposed	2012-01-02	Common Stock (375)	Direct
2010-12-03	Employee Stock Option (right to buy)	$20.666	M	510	Disposed	2013-01-02	Common Stock (510)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Appreciation Rights	$28.41	2018-01-22	Common Stock (10421)	10421	Direct
Stock Appreciation Rights	$25.77	2019-01-20	Common Stock (12441)	12441	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.