CASS INFORMATION SYSTEMS INC - Director's Dealing 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CASS INFORMATION SYSTEMS INC (CASS)
CIK: 0000708781
Period of Report: 2010-01-20

Reporting Person: BRUNNGRABER ERIC H (Director, CEO)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-01-20	Common Stock	F	850	$30.77	Disposed	50855	Direct

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (right to buy)	$12.232	2011-01-03	Common Stock (1985)	1985	Direct
Employee Stock Option (right to buy)	$14.747	2012-01-02	Common Stock (2200)	2200	Direct
Employee Stock Option (right to buy)	$20.666	2013-01-02	Common Stock (5425)	5425	Direct
Stock Appreciation Rights	$28.41	2018-01-22	Common Stock (16920)	16920	Direct
Stock Appreciation Rights	$25.77	2019-01-20	Common Stock (27450)	27450	Direct

F1: Exercisable date may be accelerated based on Company performance.

F2: Over a three year vesting period, SARs become exercisable in one-third increments on the anniversary date of the grant.

F3: Includes shares of restricted stock, subject to vesting and forfeiture.