CSG SYSTEMS INTERNATIONAL INC — Director's Dealing 2011

Feb 24, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CSG SYSTEMS INTERNATIONAL INC (CSGS)
CIK: 0001005757
Period of Report: 2011-02-22

Reporting Person: Griess Bret C (EVP, Operations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-22	Common Stock	F	1497	$19.5075	Disposed	77358	Direct
2011-02-22	Common Stock	F	885	$19.5075	Disposed	76473	Direct

Footnotes

F1: 4,375 shares of restricted stock held by Mr. Bret C. Griess vested on February 22, 2011. The sold shares reported on this form represent those shares sold to cover a portion of the personal income tax withholding requirements as a result of such vesting.

F2: 2,812 shares of restricted stock held by Mr. Bret C. Griess vested on February 22, 2011. The sold shares reported on this form represent those shares sold to cover a portion of the personal income tax withholding requirements as a result of such vesting.