CSG SYSTEMS INTERNATIONAL INC — Director's Dealing 2011

Mar 3, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CSG SYSTEMS INTERNATIONAL INC (CSGS)
CIK: 0001005757
Period of Report: 2011-03-01

Reporting Person: KALAN PETER E (CEO & President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-03-01	Common Stock	A	42500	$19.23	Acquired	345888	Direct
2011-03-01	Common Stock	A	42500	$19.23	Acquired	388388	Direct

Footnotes

F1: These awards made on March 1, 2011, contain objective performance goals. For purposes of vesting, the shares are based on the Company's attainment of either: (i) a specified adjusted earnings per diluted share target, or (ii) a specified Company stock price target, both of which are defined in the restricted stock agreement and which performance goals were previously approved by shareholders. The measurement period for purposes of determining whether or not such shares will ultimately vest will be over a three-year period based principally on the Company's performance for its 2011, 2012, and 2013 fiscal years, and is expected to be determined in the first quarter following each of the respective fiscal years