CASS INFORMATION SYSTEMS INC — Director's Dealing 2014

Jan 28, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CASS INFORMATION SYSTEMS INC (CASS)
CIK: 0000708781
Period of Report: 2014-01-25

Reporting Person: MURRAY HARRY M (EVP)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-01-25	Common Stock	F	298	$60.98	Disposed	28154	Direct
2014-01-28	Common Stock	A	973	—	Acquired	29127	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-01-28	Stock Appreciation Rights	$61.64	A	3361	Acquired	2024-01-27	Common Stock (3361)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Appreciation Right	$29.95	2021-01-24	Common Stock (4844)	2423	Direct
Stock Appreciation Right	$33.56	2022-01-23	Common Stock (7224)	7224	Direct
Stock Appreciation Rights	$42.14	2023-01-21	Common Stock (6593)	6593	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 shares of restricted stock, subject to vesting and forfeiture.

F3: Restricted stock bonus award; over 3 year vesting period, restrictions expire in one-third increments on the anniversary date of the award.