CSG SYSTEMS INTERNATIONAL INC - Director's Dealing 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CSG SYSTEMS INTERNATIONAL INC (CSGS)
CIK: 0001005757
Period of Report: 2012-05-04

Reporting Person: OBUCHOWSKI JANICE I (Director)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-05-04	Common Stock	M	10000	$12.92	Acquired	39855	Direct
2012-05-04	Common Stock	S	500	$16.02	Disposed	39355	Direct
2012-05-04	Common Stock	S	200	$16.0215	Disposed	39155	Direct
2012-05-04	Common Stock	S	200	$16.025	Disposed	38955	Direct
2012-05-04	Common Stock	S	700	$16.03	Disposed	38255	Direct
2012-05-04	Common Stock	S	1000	$16.04	Disposed	37255	Direct
2012-05-04	Common Stock	S	100	$16.0403	Disposed	37155	Direct
2012-05-04	Common Stock	S	100	$16.0406	Disposed	37055	Direct
2012-05-04	Common Stock	S	367	$16.06	Disposed	36688	Direct
2012-05-04	Common Stock	S	100	$16.0603	Disposed	36588	Direct
2012-05-04	Common Stock	S	200	$16.07	Disposed	36388	Direct
2012-05-04	Common Stock	S	1100	$16.08	Disposed	35288	Direct
2012-05-04	Common Stock	S	400	$16.09	Disposed	34888	Direct
2012-05-04	Common Stock	S	800	$16.10	Disposed	34088	Direct
2012-05-04	Common Stock	S	100	$16.1001	Disposed	33988	Direct
2012-05-04	Common Stock	S	200	$16.11	Disposed	33788	Direct
2012-05-04	Common Stock	S	100	$16.12	Disposed	33688	Direct
2012-05-04	Common Stock	S	200	$16.13	Disposed	33488	Direct
2012-05-04	Common Stock	S	100	$16.14	Disposed	33388	Direct
2012-05-04	Common Stock	S	100	$16.1401	Disposed	33288	Direct
2012-05-04	Common Stock	S	100	$16.145	Disposed	33188	Direct
2012-05-04	Common Stock	S	700	$16.15	Disposed	32488	Direct
2012-05-04	Common Stock	S	100	$16.1501	Disposed	32388	Direct
2012-05-04	Common Stock	S	100	$16.1504	Disposed	32288	Direct
2012-05-04	Common Stock	S	1703	$16.16	Disposed	30585	Direct
2012-05-04	Common Stock	S	100	$16.165	Disposed	30485	Direct
2012-05-04	Common Stock	S	630	$16.17	Disposed	29855	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-05-04	Non-qualified Stock Option (Right to Buy)	$12.92	M	10000	Disposed	2012-08-22	Common Stock (10000)	Direct